MCC 5681—Furriers and Fur Shops.....99 MCC 5691—Men’s and Women’s Clothing Stores.....100 Discover: 1.55-2.5%. The MCC is used to define types of business & industries. Validation includes a SAQ, quarterly network scan by an ASV and an Attestation of a Compliance Form. Ray Hawk Credit card being swiped through a terminal. MCC 5532 - Automotive Tire Stores), as well as codes for specific merchants (e.g. They were mandated by the Internal Revenue Service in 2004 to facilitate tax reporting. Merchant category code Description; 0742: Veterinary services: 0763: Agricultural co-operative: 0780: Landscaping and horticultural services: 1520: General contractors - … To help you get your head around merchant category codes, here are some examples of some MCCs: Gas/service stations: MCC 5541 & 5542 Groceries: 5411 Restaurants: 5812, 5813, 5814 Entertainment: there is a wide range of merchant codes for this category because it depends on what kind of entertainment it is (movie theatres, sporting events and tourist attractions): 7941, 7922, 7996, … Updated October 27, 2021. MCC 4411—Cruise Lines.....54 MCC 4457—Boat Leases and Boat Rentals.....55 Merchant Category Code – As we know that the credit card processors are responsible for the various payments. Transportation services: MCCs 4000-4799. An MCC is a denomination that all merchants need in order to operate, whether they provide goods or a service, if they accept credit cards in exchange for their products. Here are some common merchant categories, provided by Citi: Agricultural services: MCCs 0001-1499. Merchant Manager Login. Published October 27, 2021. Please note that vendors can change their Mastercard Category at any time. If applicable, these changes will appear on your November 2021 … Each credit card network – Mastercard, Visa, Discover and American Express – has their own system for assigning MCCs. The number denotes the … Below is the list of MCCs that we use to classify your merchants’ accounts. Contracted services: MCCs 1500-2999. The number fluctuates on the basis of the type of business or service the company proposes. The IRS publishes a complete list of MCCs on their website , though slight variations may exist from network to network. MCC classification is focused primarily on categorizing the businesses/institutions able to receive credit card payments. There are hundreds of merchant category classification codes, most of which are shared between the four major card networks -- Visa, Mastercard, Discover and American Express. List of merchant category codes. Merchant category codes (MCCs) are numbers that classify businesses by what they sell or the service they provide. These four-digit codes are assigned by payment card organizations—Visa, MasterCard, American Express and Discover—when the business first starts accepting these methods of payment. Discover: 1.55% - 2.5%. Merchant Manager Login. A Merchant Category Code ( MCC) is a four-digit number listed in ISO 18245 for retail financial services. Notably, most of the businesses in the agricultural and manufacturing space are missing from the classi… Expand November 1, 2021 Rate Changes . Validation includes a SAQ, quarterly network scan by an ASV and an Attestation of a Compliance Form. Merchant Category Codes (MCCs) are used to identify the type of business in which a merchant is engaged. Find Your Merchant Category Mike Conway 2021-03-17T05:16:02+00:00 MERCHANT CATEGORY CODE INDEX MCC Codes identify businesses within an industry or “vertical” designating some as high risk for fraud and chargebacks. A merchant category code (MCC) is how credit card networks classify different types of spending. List of merchant category codes. MCC stands for a Merchant Category Code, a four-digit number identifying the business classification depending on what type of products or services are provided by the merchant company. Depending on the card, plan and retailer, they can earn rewards from one to six percent on purchases. Currently, the MCC guidelines are maintained by the International Organization for Standardization. Assignment of MCCs. Chargeback code. ... 2021. Treat this list as a user-defined list, and not the bible. Merchant category codes (MCC) are used by credit card companies to categorize purchases. MCC Description Valid Payment Brand(s) 4812 Telecommunication Equipment Including Telephone Sales V, M 4813 Key-Entry Telecom Merchant providing single or by merchant name (e.g., 3000 for United Airlines) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment. Contracted services: MCCs 1500-2999. Each MCC code consists of 4 digits. Chargeback code. Below is a list of the average range of fees of the 4 major credit card companies: Visa: 1.4-2.5%. Merchant category codes are four-digit numbers assigned to businesses that accept credit cards. A Merchant Category Code is a four-digit number that identifies the type of products or services the merchant provides. For Visa’s merchant category code listing, you can view the Visa Supplier Locator Tool and the Visa Merchant Category Code List. Visa retains the right to require corrections to non-compliant or confusing merchant data. The merchant has some responsibilities too when it comes to the transactions. A merchant category code (MCC) is a four-digit number which indicates the market a specific business belongs to. To get an idea of codes, the following is a list of some common merchant … The Merchant Category Codes classification system has codes for various business activities (e.g. MCC Description Valid Payment Brand(s) 4812 Telecommunication Equipment Including Telephone Sales V, M 4813 Key-Entry Telecom Merchant providing single 0742: veterinary services. A merchant category code (MCC) is a 4 digit number used by card networks such as Mastercard, Visa, Discover, AMX and so on and applicable to every business that wants to accept credit cards. Merchant category code Description; 0742: Veterinary services: 0763: Agricultural co-operative: 0780: Landscaping and horticultural services: 1520: General contractors - residential & commercial
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