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Fintech Insider Podcast by 11:FS

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Is It a Good Idea to Use a Merchant Category Code?

I think this is just really sad sort of echo a lot of what Alex has just said. In practice, merchant category codes are hard, right? So if somebody buys a gun along with 50 other things, or they buy a gun from a store that sells a bunch of other things, it doesn't necessarily identify it as a gun purchase. However, to the point, I really don't see how assigning a new merchant category code in French is anybody's constitutional right. Just being able to track something has no bearing on the rights.

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