A merchant can have one code with Visa, but a different MCC with Mastercard, for example. Why are MCCs Necessary? We touched on this a little up above. but, let’s get into a little more detail. Merchant category codes were introduced by the Internal Revenue Service in 2004. The ...
Among the long list of MCC codes used within payment processing to categorize industry types, a high-risk MCC code indicates a business operates in a high-risk industry. Typically, merchants in high-risk sectors have a harder time obtaining credit card processing services than other businesses—bu...
These credit card merchant codes are then used by acquiring banks and payment service providers to set fees, assess risk, and more. Keep in mind that eachcard network—Visa, Mastercard, Discover, and American Express—has its own list of MCCs. While they are largely similar, there might be...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...
MCC list A frustrating aspect of MCCs is that there is not one universally accepted set of merchant category codes used by all entities and organisations. That said, the category code ranges are consistent. Here’s a rundown of the code ranges for different industries: 0001–1499: Agricultural...