… shopping at restaurants, the credit card companies only know you're at those things because it has an mcc. So everything has an mcc. Wig shops, candy shops, coat shops. But If you sell guns or if you sell ammunition, you do not have an mcc. And that has been a deliberate position of the industry up until very recently. Last year, the international organization responsible for MCC said, we're going to make one for ammunition and gun shops, and we will allow for you guys to do it. (20:48–20:54)
CLAIM
Asserts that gun and ammunition sales do not have a merchant category code (MCC).
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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