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Historically, gun purchases have been categorized as “general merchandise” on credit card statements. However, Visa, Mastercard, and American Express recently departed from that standard by adopting the International Organization for Standardization’s new merchant category code exclusive to gun retailers. The new merchant category code comes just months after Amalgamated Bank, a self-proclaimed progressive bank, demanded specific merchant category codes be made to flag legal gun purchases.
U.S. Senators Marco Rubio (R-FL) and Roger Marshall (R-KS) sent a letter to the CEOs of Visa, Mastercard, and American Express in response to the change.
Want more? Read the full letter here and click here for a full list of cosigners.