A Merchant Category Code (MCC)is a four-digit numberthat categorizes businesses based on the types of products and services they offer. The International Organization for Standardization (ISO) classifies business activities into hundreds of merchant categories. Each category has an associated Merchant C...
Examples of MCC Codes To give you a better idea of how MCC codes work, here are a few examples of different MCC categories: 5814 – Fast Food Restaurants:This MCC code is used to identify businesses that primarily serve fast food, such as popular burger chains or pizza outlets. 4814 – ...
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MCCs vary by card processor, though they tend to be similar to the following merchant categories from Citi: Merchant code rangeBusiness type 0001–1499 Agricultural services 1500–2999 Contracted services 4000–4799 Transportation services 4800–4999 Utility services 5000–5599 Retail outlet services 5600...
Dominant CategoriesSometimes keywords are associated with a specific category. Whenever these are available, we show this data to you. Keep in mind; a single keyword can appear across multiple categories.DepthThis point system indicates how many letters a user is required to type before a keyword...
Even within those broad categories, there are plenty of variabilities. ItemValue Pricing Starts At $0 (Clover Payments Plan) Contract Length Varies Processing Model Varies Card-present Transaction Fee Varies eCommerce Transaction Fee Varies Keyed-in Transaction Fee Varies Equipment Cost $199+ (Clover ...
Add categories (MCC) + Bump min Ruby version + Pre-compile on boot (#26) Oct 7, 2024 📒 YellowPages Installation Add this line to your application's Gemfile: gem'yellow_pages',git:'https://github.com/hackclub/yellow_pages' It is recommended to pin the version to a commit hash to...
Using cost segregation, components of the building are assessed and sorted into four categories:Land assets Buildings & structures Land improvements Personal propertyAfter categorization, certain building components can be depreciated on an accelerated schedule of five, seven, or 15 years. This front...
associate the first credit card transaction executed using the payment instrument with a first merchant category code (“MCC”); determine a current sales volume at the merchant location associated with the first MCC; and access the issuer transaction processing system and determine an interchange fee...
Merchants can be categorized based on user-configured categories, payment system configured categories, or industry standard categories such as a merchant category code (“MCC”). A database of merchant categories and the assigned merchants can be maintained on the payment system and/or the payment...