Visa, Mastercard and AmEx to Start Categorizing Gun Shop Sales

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Visa, Mastercard and AmEx to Start Categorizing Gun Shop Sales
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Payment processor Visa Inc. says it plans to start separately categorizing sales at gun shops.

Merchant category codes now exist for almost every kind of purchase, including those made at supermarkets, clothing stores, coffee shops and many other retailers.

“Unfortunately, the credit card companies have failed to support this simple, practical, potentially lifesaving tool. The time has come for them to do so," Lander said recently, before Visa and others had adopted the move. Gun rights advocates argue that tracking sales at gun stores would unfairly target legal gun purchases, since merchant codes just track the type of merchant where the credit or debit card is used, not the actual items purchased. A sale of a gun safe, worth thousands of dollars and an item considered part of responsible gun ownership, could be seen as a just a large purchase at a gun shop.

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