Originally Posted by
Happy
Trader Joes probably has not coded its merchant code correctly. The bank has no control on how the merchant identify itself via the merchant code. If you read the small print you would find the explanation of such - that it depends on how the merchant codes the purchase.
Does this mean if I run a porn store I can code it as a bakery and benefit from the lower merchant fees for non-"adult" stores?
Kinda doubt it.
IMHO the banks are in charge of the coding.