Category: Firearms
-
Lawmakers Call for Credit Card Companies to Decide on Firearm Merchant Category Code
Firearms, Guns, HIGH RISK MERCHANt, HIGH RISK MERCHANT ACCOUNT, MERCHANT ACCOUNTS, Merchant Category CodeIn recent months, the implementation of a new merchant category code (MCC) specifically for gun and firearm sales has sparked a complex debate among financial institutions, lawmakers, and the firearms industry in America. This development, initiated by the International Organization for Standardization (ISO) in September 2022, is poised to bring significant changes to how credit…
Written by
-
How to Prepare for the New MCC Code for Firearm Sellers
Visa said Monday it will start using a new merchant category code for businesses that sell firearms. The new code will label online gun retailers more specifically, instead of the “general merchandise” category. “This change will allow us to monitor individual sellers and also help flag any potentially high-risk transactions,” a Visa spokeswoman told Reuters.…
Written by
-
Meet the Rise in Online Gun Sales with Firearm Merchant Account
Due to the recent rise in violence throughout the world as well as the push for gun control laws by politicians, more and more people are shopping for guns online. These people want the security that comes with owning a firearm. To handle threats to their property, their families, themselves. Feeling powerful and defended in…
Written by
-
Why Merchant Accounts Are Best for Firearm Sellers
Despite the controversy around gun control over these past years, gun sales have been on the rise throughout the US. The guns and ammo industry is lucrative for those who can keep their footing. That means understanding local laws related to firearms and making online firearm sales. You’d be hard-pressed to think that understanding gun…
Written by
