Major credit card companies are moving to make a merchant code available for firearm and ammunition retailers in order to comply with a new California law that will allow banks to potentially track suspicious gun purchases and report them to law enforcement, CBS News has learned.

Retailers are assigned merchant codes based on the types of goods they sell, and the codes allow banks and credit card companies to detect purchase patterns. Currently gun shops are lumped in with other types of retailers, such as sporting goods stores.

Mastercard, Visa and American Express initially agreed to implement a standalone code for firearm sellers, but later paused their work on it after receiving blowback from Second Amendment advocates concerned tracking gun purchases would infringe on the rights of legal gun owners.

    • @scoobford@lemmy.zip
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      fedilink
      75 months ago

      Yes. Unless you use an ATM owned by your bank, the ATM owner will charge a couple of dollars to cover the cost of the ATM.

      If you use an ATM owned by your bank, then it is free.

      • Flying Squid
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        fedilink
        55 months ago

        Not your specific bank necessarily. Many of the credit unions around here let you use any of their ATMs fee-free as long as you are a member of one of the credit unions.