Card issuers (Visa, Mastercard, and American Express) assign every retailer a merchant category code (MCC). When a credit card offers an accelerated earn rate on certain categories, the MCCs would be coded, so you get that rate. In the past, categories were straightforward to understand, but...
Discover Card does not assign MCCs to merchants. Certain third-party payment accounts and digital wallet transactions may not earn 2% if the technology does not provide sufficient transaction details or a qualifying MCC. Learn more at Discover.com/digitalwallets. See Cashback Bonus Program Terms and...
Merchants are assigned a merchant category code (MCC) based on the type of products or services they primarily sell. We group similar MCCs into grocery store, wholesale club, and choice categories to help you earn cash back on purchases made at specific merchants. ...
Generally speaking, it’s a good idea to use the credit card that gives you the highest earn rate for the merchant category you’re shopping. Common rewards categories and their MCC codes There are hundreds of merchant category codes, and some of them are very specific. For example, there ...
Generally, credit card issuers determine whether a transaction falls into a certain category based on the seller’s four-digit merchant category code (MCC). Credit card networks use MCCs to sort purchases from different establishments by type, which makes it possible to set specific reward ...
Free Credit Card Processing with Surcharging You keep 100% of every credit card sale: when you sell $100, you receive $100. Pay only for debit card transactions. Fully Compliant CardX passes on the fee for credit card transactions only. Your customers can always choose debit as a no-...
However, only fees for credit card payments (not debit card payments and others) can be passed to your customers. To determine your rates, PaymentCloud will likely take note of your: Processing history (if any) Credit history Sales volume Chargeback ratio Merchant Category Code (MCC) Accepted ...
Bank of America offers credit cards for all your financial needs, from travel rewards to cash back. Choose a Bank of America credit card based on the benefits you want.
The performance evaluation was based on four criteria: The true positive rate (TPR), the false positive rate (FPR), the balanced classification rate (BCR), and the Matthews Correlation Coefficient (MCC). The authors found that no data mining approach is universally superior to others, and that...
Credit card transactions with Merchant Category Code (MCC) 6513, 7349 are covered under Rental Payments. A Merchant Category Code (MCC) is a four-digit number assigned to a merchant/business by the merchant’s acquiring bank. These are defined by networks e.g. Visa, MasterCard. ...