4.3 In the event of any inconsistency between the Merchant Category Code (MCC) under Section 4.1 above and the MCC used by the acquiring bank, the latter shall prevail. 5. Other Conditions: 5.1 Security Bank reserves the right at its sole and absolute discretion to vary, delete, amend, mod...
Each merchant category is designated by a code – a card acceptor business code, formerly known as a merchant category code (MCC). MCCs are required in allauthorizationandclearingmessages. The following table provides a list of commonly used MCCs. MasterCardtypically publishes itsinterchange feesbi-...
All merchants receive a merchant category code (MCC) from their processor. These codes are based on your industry and may also come with different interchange rates. This is especially true for processing Amex cards. Many processors use the same MCCs for each industry, though there may be ...
Merchant Category Code (MCC) Accepted mode of payment (this affects your level of risk) Pricing Features Equipment Pros + Cons High Risk? No Problem Competitive Options for Payment Processing at All Risk Levels Fast Funding No Setup/Hidden Fees No Minimum Credit Score All Industries ...
BMOAIR MILES Mastercard cardholders will earn 1 AIR MILES Bonus Mile for every $25 in purchases made at eligible grocery merchants classified by Mastercard’s “Merchant Category Code” as “grocery stores and supermarkets” (MCC5411) starting August 1, 2022 to earn 2 total Miles including the...
Merchants who use negative option billing will be assigned a card acceptor business code or MCC of 5968: Direct Marketing — Continuity/Subscription Merchants. Rule 2 High-Risk Designation Merchants who use negative option billing to sell physical goods — not services or digital content — will be...
7 HSBC Premier World Mastercard® credit cardholders ("cardholder") are eligible to receive a streaming credit of up to $5 a month in statement credits for subscription payments (minus returns, credits and adjustments) under the merchant category code: (MCC) 4899 Cable, Satellite, and Other ...
“Merchant Category Code” as “grocery stores and supermarkets” (MCC 5411). BMO (“Bank of Montreal”) cannot guarantee that any merchant, operating in whole or in part as a grocery store, is classified by MCC 5411 and in no event will BMO be liable or responsible for any claims with...
The business must be an eligible restaurant, with merchant category code (MCC) 5812. Fast food restaurants (merchant category code 5814) are only eligible for debit restaurant categories, not credit. For all eligible card types (rewards credit, debit, and prepaid) the transaction must: ...
Update 4/27/23:Promo code MAY23FLASH100 takes 100% off shipping & processing fees when spending at least $4,000 from April 26-May 1, 2023 (at the time of publishing this, the promo code doesn’t seem to be working though). h/t Terrance. ...