What is merchant category code 6513?
We now also know that their merchant category code is 6513 – Real Estate Agents and Managers – Rentals.
How do I find a merchant code?
You can find the MCC for different purchases/stores on your credit card statement, so your best bet is to go back into your statement and see exactly how the merchant description is coded so you know for future reference.
What is the MCC code for Cryptocurrency?
If you happen to have has access to crucial infrastructure with licensed companies, you will be able to process crypto purchasing transactions using the MCC 6012 code, fully legally and without any dodgy coding techniques.
What is a high risk MCC?
MCC 6012 is the most commonly known high-risk merchant ID. However, Merchants operating in CBD, gaming, gambling and the Adult industry (amongst others) would also be considered high-risk either due to the laws and regulations around their industries, or the levels of transactions they process monthly.
What is the MCC code for Amazon?
MCC 5942
For example, Amazon is registered as a bookstore (MCC 5942) even though it sells a variety of other retail products, including electronics and gadgets and personal care.
What is a business MCC code?
Merchant category codes (MCCs) are four-digit numbers that describe a merchant’s primary business activities. MCCs are used by credit card issuers to identify the type of business in which a merchant is engaged. MCCs are used to track spending habits and to allot credit card points for qualified purchases.
What are the categories for MCC codes?
Merchant Category Codes | General Merchant Category Codes MCC Description Valid Payment Brand(s) 5947 Card, Gift, Novelty and Souvenir Shops V, M 5948 Leather Goods and Luggage Stores V, M 5949 Fabric, Needlework, Piece Goods and Sewing
What are private MCC codes and why are they important?
There are a lot of private MCC codes, some massive companies have their own, but most of the merchants need to use a generic one, they also determine the percentage of each transaction a business needs to pay to the credit card processor. Here we have listed the most common MCC codes, however, not all codes are recognized by all.
What is a high-risk MCC and why does it matter?
If your business is identified under a high-risk MCC, you have to be extra vigilant against processing fraud and chargebacks. Failure to do so can cost you the ability to process payments by credit card.
What are the different types of services offered by MCC?
MCC MERCHANT TYPE 4814 Fax services 4814 Telecommunication service including local and long distance calls, credit card calls, calls through use of magnetic -strip reading telephones and fax services 4815 VisaPhone 4821 Telegraph services 4829 Money Orders – Wire Transfer