Payment brands use merchant category codes (MCCs) to classify merchants and businesses by the type of goods or services provided. Payment brands, issuers and acquirers can use MCCs to categorize, track and restrict transactions. MCCs can be used for tax reporting, interchange promotion and gathering information about cardholder purchasing behavior.

Jan 6, 2024 · A merchant category code (MCC code) is a four-digit number that identifies the primary purpose of your business. MCC codes indicate the types of products or services that you offer to consumers. These codes were originally developed for …

An MCC is a four-digit number that classifies the type of goods or services a business offers. MCCs were originally developed for tax reporting purposes but are now a key piece of payments processing.

A merchant category code (MCC) is a four-digit number used for retail financial services to classify a business by the types of goods or services it provides. Codes are specified by the ISO 18245 standard.

Using our MCC Code Lookup Tool is a straightforward way to identify the correct merchant category code for your business. By simply entering the type of goods or services you provide, you can quickly find the relevant MCC codes, helping you …

Aug 17, 2023 · Merchant category codes (MCCs) are four-digit numbers that credit card issuers use to classify individual purchases according the type of merchant where they were made. The codes serve a...

A merchant category code is a four-digit code credit card companies use to classify businesses by the types of goods or services they provide. These codes were created in 2004 to simplify 1099 reporting, but they’re also used to set interchange rates and …

Jan 27, 2025 · Merchant category codes (MCCs) are four-digit numbers assigned to businesses by credit card networks like Visa, Mastercard, and American Express. These codes classify merchants based on the types of goods or services they primarily offer. The merchant category code list covers a wide range of industries, from retail and dining to travel and ...

Aug 12, 2024 · MCCs are four-digit codes assigned to businesses by credit card networks to categorize the type of goods or services they offer, impacting interchange fees and rewards eligibility. Certain MCCs affect how transactions are reported to the IRS, particularly for industries like travel and entertainment.

Nov 13, 2024 · Merchant category codes (MCCs) are critical codes that categorize and describe a merchant's business, and in rare cases, a merchant may have multiple MCCs to separate transaction types.