Credit Card Companies Now Tracking Gun Sales?

Published on September 13, 2022
Duration: 7:17

This video discusses the implementation of a new Merchant Category Code (MCC) for gun stores by the International Organization for Standardization (ISO). This code will allow credit card companies to track and potentially flag firearm-related transactions. The speaker expresses concern that this could lead to future restrictions on legal gun sales, drawing parallels to 'Operation Chokepoint' during the Obama administration. While cash and money orders are suggested as alternatives, the broader implications for a cashless society and government control over purchases are highlighted.

Quick Summary

A new Merchant Category Code (MCC) for gun stores has been established by the ISO, allowing credit card companies to track firearm sales. While intended to help report illegal sales, critics worry it could hinder legal purchases and is part of a broader push towards financial control and a cashless society.

Chapters

  1. 00:04Introduction: Forces Against Gun Rights
  2. 00:25Article: Credit Card Companies Tracking Gun Sales
  3. 00:57New Merchant Category Code (MCC) for Gun Stores
  4. 01:35Support for the MCC
  5. 01:52Bank's Stated Purpose for the MCC
  6. 02:02Can They Actually Do This?
  7. 02:26Historical Context: Operation Chokepoint
  8. 03:04The Push for the Code: A Three-Year Effort
  9. 03:20Thoughts and Alternatives: Using Cash
  10. 03:33Reporting Suspicious Sales: What is Suspicious?
  11. 04:01Being on a Government List
  12. 04:24Cash and Money Orders as Options
  13. 04:29Broader Push for a War on Cash
  14. 04:37Government Push for Digital Currency
  15. 04:52Scenario: Mass Shooting Triggering Action
  16. 05:14Digital Currency: Shutting Off Wallets
  17. 05:26This is Another Tool in Their Toolkit
  18. 05:37What Can Be Done? Contacting Reps
  19. 05:48Let Credit Card Companies Know Your Dislike
  20. 05:58Until Abused, It Won't Get Attention
  21. 06:06Bad News, But Awareness is Key
  22. 06:14Subscribe and Support the Channel
  23. 06:43Deals on Guns, Ammo, Optics
  24. 07:07Thank You and See You Next Time

Frequently Asked Questions

What is the new Merchant Category Code (MCC) for gun stores?

The International Organization for Standardization (ISO) has created a new MCC specifically for gun stores. This code will be used when processing credit card transactions, allowing financial institutions to identify and potentially track purchases of firearms and related goods.

Why are credit card companies implementing a new MCC for gun sales?

The stated reason is to help financial institutions comply with their duty to report suspicious and illegal gun sales to authorities. However, critics fear this could lead to the flagging and potential denial of legal firearm purchases.

What are the potential implications of the new gun store MCC?

The new code could lead to increased scrutiny of firearm purchases, potentially making it harder for law-abiding citizens to buy guns and accessories. It's also seen as a step towards greater financial control and a cashless society.

What alternatives exist to using credit cards for gun purchases?

To avoid potential issues with the new MCC, using cash or money orders for firearm purchases is recommended. While these methods still involve a 4473 form for federal record-keeping, they bypass credit card transaction tracking.

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