New Credit Card Rules for Gun Shops

[Spartan5]

Have you all seen the new tags they are creating to put on Credit Card transactions at gun shops (Firearm and Munition Retailers to be specific)? Vis and Mastercard are now planning to tag those transactions with their own category, which then they can charge separate fees, etc around those tags. They can also then provide the list of transactions with those tags to various agencies, etc.

Curious to know what everyone here thinks about this? I can tell you what I think - Cash is King and FJB.

An article about it is found here:

NRA-ILA | New Credit Card Rule Creates Gun Registry

On September 9, the International Organization for Standardization (“ISO“) announced that it would create a new Merchant Category Code (“MCC”) specific to firearm and ammunition retailers. MCCs are the codes that payment processing networks (like Visa, MasterCard, and American Express) use to...

www.nraila.org

 

[Newboomer]

Have you all seen the new tags they are creating to put on Credit Card transactions at gun shops (Firearm and Munition Retailers to be specific)? Vis and Mastercard are now planning to tag those transactions with their own category, which then they can charge separate fees, etc around those tags. They can also then provide the list of transactions with those tags to various agencies, etc.

Curious to know what everyone here thinks about this? I can tell you what I think - Cash is King and FJB.

An article about it is found here:

NRA-ILA | New Credit Card Rule Creates Gun Registry

On September 9, the International Organization for Standardization (“ISO“) announced that it would create a new Merchant Category Code (“MCC”) specific to firearm and ammunition retailers. MCCs are the codes that payment processing networks (like Visa, MasterCard, and American Express) use to...

www.nraila.org

Shop local and use my debit card.

 

[JimP]

I don't like it just another government regulation that won't stop anything.

On the other hand I have nothing to hide and will continue using my CC for these purchases.

 

[buckshot85]

I don't believe this is a government regulation. I read it is a self imposed rule by the big banks.

 

[thriller]

Shop local and use my debit card.

make sure your debit card isnt through visa or master card they can still run transactions as credit on a debit card.

 

[Joker12]

I will only use cash for face to face transactions and money orders of personal checks for anything online. I too have nothing to hide but its none of the governments business what I buy!

 

[Tanks]

One thing, it is for items bought from a firearm related dealer. If you buy a gun safe for X amount it will be tagged.

CC companies have been monitoring purchases for years. One year I got a phone call from Discover card saying I had a lot of firearms related purchases. Asked why? I said I am a hunter and a competitive shooter. They asked if it would continue, and I said yes. They cancelled my Discover card a short time later for "business reasons".

 

[sestoppelman]

If I understand it correctly its ALL sales within a store that sells firearms and ammo etc. So if I go into Dickheads and buy shoes, it would show up as a sale in a gun "shop", regardless what was actually purchased.

 

[shootist~]

This is why the good lord created checkbooks.
Let the CC companies miss that 4-5%.

Doesn't solve buying reloading, cleaning, etc., supplies online, however.

 

[Marc Ret]

One more block in the ESG structure being built.

 

[BRICKBURN]

One more PC way to rationalize charging a minority group increased fees to use their service.

 

[Tanks]

One more PC way to rationalize charging a minority group increased fees to use their service.

How is that raising fees?

 

[BRICKBURN]

How is that raising fees?

They will create a new "MCC" to separate the purchase type and like every bank, charge more money.

I've watched as businesses pass along these fees. As noted, if they were smarter; why cancel your Discover card, just charge a higher fee to XYZ sporting arms.

The backhanded "gun registry" does not really work if they only have aggregate amounts from shops. Someone visited a gun shop and made a purchase of something.

 

[Tanks]

I really doubt this will result in them charging more than their usual transaction fees. There are billions of CC transactions each day and the number of them that are firearms related is less than a rounding error.

Not to mention the pushback from the merchants. If the fishing rod from Cabelas or Bass Pro costs more than the XYZ shop then people will go somewhere else.

 

[BRICKBURN]

I hope you are right, for your sake.

If they are willing to be political in the first place, penalizing you financially to suit themselves is not a huge leap. Blow back from retailers.... All the big banks live in terror of small retailers, right?
The retailers have little choice, if they want to process CC's, they will just pass the higher fees onward.
How many of the retailers in the "don't support hunting thread" could give one small damn about losing hunters, gun owners $ ? None.

A great example of backhanded PC policies:
Noticed any fees for firearms transport cropping up on airlines?
Notice Airlines piling on by banning the politically incorrect hunting trophy of the week?
How much more is that costing hunters?

Big businesses are just terrified of blow back from small minorities.

The only result; more firearm rentals in Africa due to the huge PIA created for hunters bringing firearms.

 

[Hunter4752001]

This isn't a Government idea. It's the brainchild of the ISO and readily taken up by the social activists running the credit card companies. Although its stated intention is to flag multiple firearm purchases, the fact that it captures all purchases will mean the system fails to do anything. 20 separate purchases of soxes from the local sports store will flag the same as 20 ARs. Garbage in, garbage out. In a few months it will be choked with useless data but the bright sparks behind it will never be held accountable.

 

[fourfive8]

One more block in the ESG structure being built.

Yep, that's what it looks like to me. Every business, including banks and CC companies seem to want as many ESG "gold stars" so they can accumulate to play the game of hiding from (avoiding scrutiny by the various powers that be) including international players, special interest groups, anarchists like Soros, big tech, the MSM, Hollywood and government- individuals, branches and internal bureaucracies.

 

[MichealDean]

Thanks for sharing this information. I had no idea about these new credit card rules for gun shops. It's concerning to think that these transactions will be tagged and potentially shared with various agencies. I can understand why cash would be preferred in this situation.

 

[cash_tx]

Sounds like a "sin tax", similar to alcohol, gambling, and tobacco; which is how they view our sport. And as others have pointed out, they get to do all the virtue signaling along the way.

I wonder if they'll raise fees on rainbow colored cans of Bud Light...

 

[sestoppelman]

Its my understanding that the banks dropped this idea a while back.