PublicSquare’s Fintech Division Now Provides
a Fully Integrated Payments Solution Including Credit Cards, Debit
Cards, ACH, and Buy Now Pay Later
PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare," or the
"Company"), today announced it has launched Automated Clearing
House (“ACH”) processing capability alongside its transactional
freedom focused payments technology, PSQ Payments, with ACH launch
partner Guns.com bringing several hundred million dollars in
potential annualized payment processing Gross Merchandise Value
(“GMV”) to the platform. Guns.com's prior ACH provider abruptly
canceled their service despite operating in a constitutionally
protected industry. Guns.com now uses PublicSquare for ACH, debit,
and credit card processing, and Buy Now Pay Later (BNPL)
transactions, securely and without the risk of future
cancellation.
Michael Seifert, Chairman & CEO of PublicSquare, commented,
“When Guns.com was abruptly dropped by their previous ACH vendor,
they turned to PSQ Payments to provide a cancel-proof solution.
Guns.com’s recent cancellation by its former ACH provider is a
potent reminder that businesses across the country continue to face
the risk of de-platforming from their financial service providers.
PSQ Payments exists to ensure that merchants can operate with
confidence, free from ideological discrimination. ACH is an
important feature of our product suite as PublicSquare continues
solidifying its position as a trusted financial services provider,
ensuring true financial freedom for merchants nationwide.”
“We’re excited to expand our partnership with PSQ Payments and
bring an even better shopping experience to America’s Second
Amendment community,” says Brandon Thompson, co-CEO and Chief
Technology Officer of Guns.com. “PSQ Payments is a leader in
financial technology, and their innovative solutions add tremendous
value to the millions of customers who shop with us. With our
shared commitment to serving the firearms industry, we jumped at
the chance to grow our partnership to include payment
processing.”
About PSQ Payments
PSQ Payments, developed by PublicSquare, is a fully cancel-proof
payment platform designed to provide businesses and consumers with
uncompromising security and reliability. Leveraging advanced
tokenization and secure wallet technology, PSQ Payments ensures
that sensitive transactional data remains encrypted and protected.
With a triple redundancy system, PSQ Payments reinforces its
commitment to stability, making it a trusted solution for business
owners who want to ensure their economic liberty is protected in
every transaction.
About PublicSquare
PublicSquare is a technology-enabled marketplace and payments
ecosystem serving consumers and merchants who value life, family,
and liberty. PublicSquare operates three divisions: Marketplace,
Financial Technology, and Brands. The primary mission of the
Marketplace is to help consumers "shop their values" and put
purpose behind their purchases. PublicSquare leverages data and
insights from the Marketplace to assess its customers’ needs and
provide wholly-owned quality financial products and brands.
PublicSquare’s Financial Technology division comprises Credova, a
consumer finance company, and PSQ Payments, a "cancel-proof"
payments company. PublicSquare’s Brands division comprises
EveryLife, a premium D2C life-affirming baby products company.
Visit publicsquare.com to learn more.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended, and for purposes
of the “safe harbor” provisions under the United States Private
Securities Litigation Reform Act of 1995. Any statements other than
statements of historical fact contained herein are forward-looking
statements. Such forward-looking statements include, but are not
limited to, expectations, hopes, beliefs, intentions, plans,
prospects, financial results or strategies regarding PublicSquare,
anticipated product launches, our products and markets, future
financial condition, expected future performance and market
opportunities of PublicSquare. Forward-looking statements generally
are identified by the words “anticipate,” “believe,” “could,”
“expect,” “estimate,” “future,” “intend,” “may,” “might,”
“strategy,” “opportunity,” “plan,” “project,” “possible,”
“potential,” “project,” “predict,” “scales,” “representative of,”
“valuation,” “should,” “will,” “would,” “will be,” “will continue,”
“will likely result,” and similar expressions, and in this press
release, include statements about expected annualized GMV from our
uncancellable payments platform and its anticipated GMV; however,
the absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many other factors could cause
actual future events to differ materially from the forward-looking
statements in this communication, including, without limitation:
(i) the risk that counterparties could either cancel or fail to
fulfill any of the executed contracts in their, (ii) the
fulfillment of the payment platform contracts that have been
executed and the execution of additional such contracts, which are
speculative given the relatively short amount of time that we have
been in that business and given the fact that we have not yet
achieved those levels of performance ability of PublicSquare and
Credova to integrate the business successfully and to achieve
anticipated synergies and value creation, (iii) changes in the
competitive industries and markets in which PublicSquare operates,
variations in performance across competitors, changes in laws and
regulations affecting PublicSquare’s business and changes in the
combined capital structure, (iv) the ability to implement business
plans, growth, marketplace and other expectations, and identify and
realize additional opportunities, (v) risks related to
PublicSquare’s limited operating history, the rollout and/or
expansion of its business and the timing of expected business
milestones, (vi) actual or potential loss of key influencers, media
outlets and promoters of PublicSquare’s business or a loss of
reputation of PublicSquare or reduced interest in the mission and
values of PublicSquare and the segment of the consumer marketplace
it intends to serve, and (vii) the risk of economic downturn,
increased competition, a changing regulatory landscape and related
impacts that could occur in the highly competitive consumer
marketplace, both online and through “bricks and mortar”
operations. The foregoing list of factors is not exhaustive.
Recipients should carefully consider such factors and the other
risks and uncertainties described and to be described in
PublicSquare’s public filings with the Securities and Exchange
Commission. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Recipients are cautioned not to put undue reliance
on forward-looking statements, and PublicSquare does not assume any
obligation to, nor does it intend to, update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
PublicSquare gives no assurance that PublicSquare will achieve its
expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20250218069586/en/
Investors Contact: investment@publicsquare.com
Media Contact: pr@publicsquare.com
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