Merchant Category Code – As we know that the credit card processors are responsible for the various payments. The merchant has some responsibilities too when it comes to the transactions. If you use the card for your transactions then you need to register your business and get a Merchant Category Code.
In this article, you will get details related to the MCC. But if you face any issues then feel free to contact Merchant Stronghold and get required details.
What is the Merchant Category Code?
The Merchant Category Code or MCC is four-digit code provided to different merchants by the Card Network. This Merchant Category Code helps them distinguish between the merchant areas of the business. This means merchants and their businesses are classified using the four-digit code.
The MCC is provided when the company or business starts taking card payments. These protocols are designed to make the business easy for the card network and the merchants.
Why Merchant Category Code Matters?
For both security and profit reasons, the merchant needs to get a Merchant Category Code for their company. It offers rewards to both the merchant and the customer. Moreover, it makes the process of tracking the business easy and convenient.
- The Card Company offers rewards and points to the specific category of the merchants.
- The companies that offer their employees corporate cards provide valid discounts for some categories like hotel or hospital.
- It helps to apply certain rules to a specific business without having to face any chaos.
- The MCC makes it easy to apply prohibition and access to specific firms.
- If the merchant is involved in more than one business then the MCC will be given according to the primary business.
For more details, reach out to our specialist through the toll-free number of Merchant Stronghold.
Merchant Category Code List
| MCC | Merchant Category |
|---|---|
| 0742 | Veterinary Services |
| 1520 | General Contractors |
| 2741 | Miscellaneous Publishing and Printing |
| 3000-3299 | Airlines |
| 3501-3790 | Hotels/Motels/Inns/Resorts |
| 4121 | Taxicabs/Limousines |
| 4215 | Courier Services Yes 4225 Public Warehousing and Storage – Farm Products, Refrigerated Goods, Household Goods, and Storage |
| 4457 | Boat Rentals and Leases |
| 4468 | Marinas, Service and Supplies |
| 4511 | Airlines, Air Carriers |
| 4582 | Airports, Flying Fields |
| 4722 | Travel Agencies, Tour Operators |
| 4814 | Telecommunication Services |
| 4816 | Computer Network Services |
| 4899 | Cable, Satellite, and Other Pay Television and Radio |
| 5044 | Photographic, Photocopy, Microfilm Equipment, and Supplies |
| 5045 | Computers, Peripherals, and Software |
| 5047 | Medical, Dental, Ophthalmic, and Hospital Equipment and Supplies |
| 5111 | Stationary, Office Supplies, Printing and Writing Paper |
| 5122 | Drugs, Drug Proprietary’s, and Druggist Sundries |
| 5137 | Uniforms, Commercial Clothing |
| 5198 | Paints, Varnishes, and Supplies |
| 5251 | Hardware Stores |
| 5311 | Department Stores |
| 5441 | Candy, Nut, and Confectionery Stores |
| 5451 | Dairy Products Stores |
| 5462 | Bakeries |
| 5499 | Miscellaneous Food Stores – Convenience Stores and Specialty Markets |
| 5571 | Motorcycle Shops and Dealers |
| 5691 | Men’s, Women’s Clothing Stores |
| 5722 | Household Appliance Stores |
| 5734 | Computer Software Stores |
| 5811 | Caterers |
| 5812 | Eating Places, Restaurants |
| 5944 | Jewelry Stores, Watches, Clocks, and Silverware Stores |
| 5963 | Door-To-Door Sales |
| 5971 | Art Dealers and Galleries |
| 5977 | Cosmetic Stores |
| 6513 | Real Estate Agents and Managers – Rentals |
| 7333 | Commercial Photography, Art and Graphics |
| 7392 | Consulting, Public Relations |
These are some of the examples of the MCC and their merchant categories. If you want more details and Merchant code for your business then contact the Merchant Stronghold.
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MCC Frequently Asked Questions
Q. Who assigns the MCC to the Merchant and their business?
The Card Network such as Visa or MasterCard assigns the MCC as the merchant starts using the Credit card for in their transaction method.
Q. Some suppliers sell both merchandise and services. What MCC do they get?
There are many suppliers that sell merchandise and perform services. For example, a supplier may sell pianos but may also give piano lessons. If a supplier deals in both services and merchandise, the assigned MCC generally reflects the greater percentage of the supplier’s business.
Q. Am I required to use the MCC List?
No, you are free to review the documentation for each transaction and make your own decision whether you should report it or not.
Q. Do I have to tell Visa or my Issuing bank that I am using the MCC List?
No.
Q. Will the IRS change the MCC List each year?
No, the IRS does not expect to change the MCC List, except to add any new MCCs that are created by the bankcard industry.
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These are some of the most common queries of our customers. If you one of such merchantisfacing issues then the Merchant Stronghold can help you. You can call us at the toll-free number+1 (727) 330 – 3944. Also, try the 24/7 available email support at info@merchantstronghold.com
We provide global solutions to credit card processing. Also, Merchant Stronghold specializes in high-risk and offshore merchant accounts. We can help you with the merchant account and online payment gateway.
