Visa, Mastercard and American Express will add a new merchant category for firearms retailers, a victory for gun-control advocates who have pressed the financial industry to do more to help curb mass shootings
will add a new merchant category for firearms retailers, a victory for gun-control advocates who have pressed the financial industry to do more to help curb mass shootings.
Merchant category codes, MCCs, are four-digit numbers that networks use to identify types of merchants by the goods and services they sell. Card networks assign specific codes to many kinds of specialty merchants, such as fast-food restaurants, bars and bicycle shops. The new code is for retailers whose primary business is firearms sales; big-box retailers that sell guns have different MCCs.off and on for years. But gun-rights advocates have long resisted such efforts, saying they could unfairly prevent legal gun purchases.
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