A Merchant Category Code (MCC) is a four-digit number used to classify and categorize merchants based on the merchant’s business activities and products or services being sold. Merchant category codes are four-digit numbers that credit card networks —like Visa, Mastercard, American Express and Discover—mainly use to classify businesses in … Once you have identified the transaction, you can match the Merchant Category with either Visa or MasterCard’s list of merchant codes. A Merchant Category Code (MCC) is a four-digit number used to classify and categorize merchants based on the merchant’s business activities and products or services being sold. Mastercard solutions help merchants to increase revenue, enable new sales channels, create better purchase experiences, … What is a merchant category code? Merchant Category Code List Excel . OTHER INFORMATION. The Wikipedia Merchant Category Code page has some information and links to other sites; The IRS maintains a list but it lacks specific codes for many values in the 3000 range (this can be seen as a benefit in some ways, but for a database lookup table that's a problem). Merchant category codes. mcc merchant type 3038 kuwait airlines 3039 avianca 3040 gulf air (bahrain) 3041 balkan-bulgarian airlines 3042 finnair 3043 aer lingus 3044 air lanka 3045 nigeria airways 3046 cruzeiro do sul (brazij) 3047 thy (turkey) 3048 royal air maroc 3049 tunis air 3050 icelandair 3051 austrian airlines 3052 lanchile 3053 aviaco (spain) Your MCC code is something that usually exists quietly behind the scenes once your business gets going. Merchant Category Code (“MCC”) 5411, based on RBC MasterCard purchase data as of May 2011. A Merchant Category Code (MCC) is a four-digit number listed in ISO 18245 for retail financial services. Visa Merchant Codes. Merchant category codes have been used to classify businesses by specific market segments since the Internal Revenue Service published IRS Revenue Procedure 2004-43 in Internal Revenue Bulletin 2004-31. Merchant Category Code List Excel . … Now Used for Much More. Additionally, on the consumer side, credit card rewards points are sometimes calculated by MCC. Visa Merchant Codes. That means that the costs you pay for credit card processing are partly influenced by your MCC. How To Find Your Merchant Category Code . American Express Merchant Category Codes. Download for more details. It allows the credit card companies to classify what types of goods or services the merchant sells, and how that may affect interchange rates. Mastercard's merchant services helps boost your revenue by accepting payments online, in app or in person - with simplicity, security & speed. But, we got you fam. And that success is better assured if you have access to and understand the Mastercard … The Wikipedia Merchant Category Code page has some information and links to other sites; The IRS maintains a list but it lacks specific codes for many values in the 3000 range (this can be seen as a benefit in some ways, but for a database lookup table that's a problem). The list spells out both Visa and Mastercard categories, and where they differ. Merchant Category Codes | General Merchant Category Codes MCCs 5700–7299 (Miscellaneous Stores) The following table includes a list of MCCs in the range 5700–7299 and the description for each code. Home About Mastercard Careers ... Merchants; Safety & Security; Mastercard SecureCode; Mastercard SecureCode Vendor List; SUPPORT. LANDSCAPE AND HORTICULTURAL SERVICES. An MCC is four-digit number the major credit card networks (Visa, Discover, American Express and Mastercard) assign to each business that applies to accept credit cards. OTHER INFORMATION. Skip to Content. Frequently Asked Questions In Canada call 1-800-307-7309 Global Emergency Contacts Tweet Us @MastercardCA About Mastercard … MasterCard uses the same merchant category codes referenced by the IRS and other payment brands such as Visa, Discover and American Express. Rewards cards use Merchant Category Codes, or MMCs, to define purchase streams eligible for rewards earnings. This is not an exhaustive list of merchants operating in Canada that are classified with the MCC 5411. COMPANY. Major airlines and hotels each have their own MCC code. 9312-9388 Reserved for private use 9389-9398 Reserved for national use 9399 Government services — not elsewhere classified 9400-9401 Reserved for national use 9402 Postal services — government only 9403-9999 Other 9403-9499 Reserved for private use 9500-9699 Reserved for ISO use 9700-9799 Reserved for private use 9800-9999 Reserved for national use A. However, MasterCard uses an additional transaction category code (TCC) to further identify general business categories. A public repository of Merchant Category Codes (MCC) in formats easier to read than most places (i.e. Mastercard Merchant Category Code And that success is better assured if you have access to and understand the Mastercard rules and how they may apply to your business. Become a Mastercard ® merchant Whether you own a service business, operate an online store or are a retailer with multiple locations, accepting electronic payments can help you grow and manage your business. From the code given, the tax … 0780. when they first start accepting credit cards. Cards; Additional products; Customer Support; Digital; FR Login The merchant will be designated the four-digit code once he starts to accept payments by credit card. Why are merchant category codes important? Mastercard Securecode Merchant List. The codes, their meanings and classifcation are set by the International Organization for Standardization (ISO). Visa retains the right to require corrections to non-compliant or confusing merchant data. Here are some common merchant categories, provided by Citi: Agricultural services: MCCs 0001-1499; Contracted services: MCCs 1500-2999; Transportation services: MCCs 4000-4799; Utility services: MCCs 4800–4999 MCC Description Valid Payment Brand(s) 5712 Equipment, Furniture and Home Furnishings Stores (except Appliances) V, M 5713 Floor Covering Stores V, M FOLLOW US. A merchant category code (MCC) is a four-digit number assigned to a business by an acquiring bank or institution when the business opens a merchant account to begin accepting Visa or MasterCard as a form of payment. Home About Mastercard Careers ... Merchants; Safety & Security; Mastercard SecureCode; Mastercard SecureCode Vendor List; SUPPORT. Interchange fees are important because they are collected by banks that issue credit and debit cards, and they account for the vast majority of a business’ credit card processing expense. A quick Mastercard merchant category code lookup will also find you a list of Mastercard MCCs pretty easily. The number will be designated by Visa, MasterCard, or by any other credit card provider that the merchant has chosen to work with. This is why it is important for you to know the qualifying merchants for your credit card and their respective merchant category code (MCC). Of particular importance to businesses is a merchant category code’s impact on interchange fees charged by issuing banks. The number will be designated by Visa, MasterCard, or by any other credit card provider that the merchant has chosen to work with. FOLLOW US. For example, a veterinary clinic would be assigned a merchant category code of 0742 for “Veterinary Services.”. MasterCard Merchant Category Codes. MasterCard uses the same merchant category codes referenced by the IRS and other payment brands such as Visa, Discover and American Express. Mastercard Mcc Codes And Definitions . List of merchant category codes. Skip to Content. An MCC is used to classify a business by the types of goods or services it provides. As a Mastercard processor or merchant, you are vital to our success. Mastercard Country Code List. Merchant category codes are four-digit numbers that payment networks such as Visa and Mastercard assign to individual businesses. A Merchant Category Code (MCC) is a four-digit number listed in ISO 18245 for retail financial services. While we always strive to keep the documents on this Web site up to date, it's possible that they will not always be absolutely current in all regards. MCC codes are numbers which usually consist of four digits and relate to a given merchant’s industry. How To Find Your Merchant Category Code . However, if you’re paying too much for credit card processing, you can easily see if you’re eligible for lower costs by using this free quote comparison tool. What is a merchant category code? MCC Codes For Visa/Mastercard (pdf) | Visa (pdf) | Mastercard (pfd) The document comes from Citibank based on how they code it in conjunction with Visa and Mastercard. It is important to note that while credit card issuing banks (like DBS, OCBC, UOB, Standard Chartered, etc) design the credit card rewards, they do not control the MCCs. OTHER INFORMATION. Browse our list of SecureCode Mastercard technology vendors. As a Mastercard processor or merchant, you are vital to our success. • Merchant category code (MCC) Merchant data must be the same as, or consistent with, comparable data throughout a transaction’s life cycle and on the transaction receipt. Skip to Content. Merchant category codes were developed by the IRS in 2004 as a way to streamline 1099 reporting for commercial card holders. Each industry has different transaction patterns and differing levels of risk (potential for fraud). Merchant Category Codes are four-digit numbers assigned by the acquiring bank to merchants based on the type of product or service they provide. Merchant Category Code, or MCC, is a four-digit merchant classification code that identifies the merchant by their business line. MCC stands for a Merchant Category Code, a four-digit number identifying the business classification depending on what type of products or services are provided by the merchant company. After all, you would not want to make a big-ticket purchase, only to find that it does not qualify for credit card rewards. At WePay, we use a similar code to help us better understand your business. COMPANY. The number represents the type of business or service the company offers. It wouldn’t be possible for your restaurant to be classed as a supermarket to take advantage of lower grocery interchange rates. Rules impacting processors and merchants. If you compared these from store to store, you’d find that yellow bananas usually have code 4011 on them. In those cases, factors like which aspect of the business accounts for more of your total sales will be taken into account, meaning your restaurant could be classed as a bar or vice-versa. Since 2004, merchant category codes have come to be utilized for more than simplifying 1099 reporting. MasterCard’s TCC codes are as follows: In the event of any discrepancy between the documents found at this Web site and those rules and standards Mastercard deems to be the official rules and standards, the official rules and standards will apply. Frequently Asked Questions If you need to report a lost or stolen card or have any other questions regarding your Mastercard, please call 1-636 … MCC codes are used by issuing bank to determine if they will except the transaction. A merchant category code is a four-digit number used by credit card companies to classify businesses into market segments. • Merchant category code (MCC) Merchant data must be the same as, or consistent with, comparable data throughout a transaction’s life cycle and on the transaction receipt. Bank Of America Mcc Codes. Start accepting Mastercard to help make your business boom. Merchant Category Codes are four-digit numbers assigned by the acquiring bank to merchants based on the type of product or service they provide. Merchant Category Codes (MCC) are 4 digit numbers used by the payments industry to classify businesses by market segment. 5818 Large Digital Goods Merchant 5819-5820 Reserved for ISO use 5821-5911 Reserved for private use 5912 Drug stores and pharmacies 5913-5915 Reserved for private use 5916-5920 Reserved for private use 5921 Package shops — beer, wine and liquor 5922-5930 Reserved for national use 5931 Used merchandise and second-hand shops You’re probably familiar with the stickers on various fruits and vegetables. Usmc Mcc List Excel . Credit card processors, however, are the ones responsible for assigning each of the codes to a business or merchant. Perhaps the easiest way to explain MCC codes is to compare these with grocery store PLU codes, or price lookups. The same data is available in several formats: csv; small json - no whitespace characters; formatted json - indented for legibility; ods (LibreOffice and OpenOffice.org compatible) xls (Microsoft Office & useful with many other systems that can read xls) Fields. There are quite a few merchant category codes, as seen in this snippet from the IRS list: There are several uses for MCC’s these days. Credit card processors, however, are the ones responsible for assigning each of the codes to a business or merchant… FOLLOW US. Merchant category codes (MCCs), or merchant classification codes, are a four-digit identifier that describes the type of goods or services a business provides. … Skip to Content. Assignment of MCCs. Understanding merchant category codes can help you squeeze the most value from your rewards card. Can I get set up with a different MCC to get lower rates? 7399 Mcc Code . Merchant category codes were developed by the IRS in 2004 as a way to streamline 1099 reporting for commercial card holders. It is important to note that while credit card issuing banks (like DBS, OCBC, UOB, Standard Chartered, etc) design the credit card rewards, they do not control the MCCs. not a PDF). You can find a full list of merchant category codes provided by the IRS here. not a PDF). No. Mastercard Mcc Codes And Definitions . As a Mastercard processor or merchant, you are vital to our success. Browse our list of SecureCode Mastercard technology vendors. Canadian Tire Bank ® Toggle navigation. Keep in mind that each card network –that is, Visa, Mastercard, Discover, and American Express — each have their own lists of MCCs, and while they are largely similar, there might be some specific differences for certain types of business. An MCC is four-digit number the major credit card networks (Visa, Discover, American Express and Mastercard) assign to each business that applies to accept credit cards. … Now Used for Much More. Frequently Asked Questions In Canada call 1-800-307-7309 Global Emergency Contacts Tweet Us @MastercardCA About Mastercard Careers … Originally created in 2004 to streamline 1099 reporting, merchant category codes are now used for a number of different purposes. Medical practices and healthcare businesses that accept HSA and FSA cards can only do so if they’re correctly classed with a healthcare MCC. Mastercard Category Code. … This is Financial Institution – Merchandise & Services which matches Visa’s MCC of 6012. COMPANY. Below we have compiled a list of typical categories which acquirers and payment providers treat as high risk, imposing stricter approval terms and higher processing fees. This list was compiled as of October 2011 and is a sampling of participating merchants operating in Canada who are classified by MasterCard by the Merchant Category Code (“MCC”) 5411, based on RBC MasterCard purchase data as of May 2011. The following modules help explain our Global Compliance Programs and how they help us achieve this goal: Security Rules and Procedures – Merchant Edition, Setting a Minimum or Maximum Transaction Amount, Quick Reference Booklet - Merchant Edition, Business Risk Assessment and Mitigation (BRAM), Questionable Merchant Audit Program (QMAP), Member Alert to Control High-Risk Merchants (MATCH). Bank Of America Mcc Codes. 3374 ACCENT RENT-A-CARNot considered high-risk. The merchant will be designated the four-digit code once he starts to accept payments by credit card. American Express Merchant Category Codes. Here’s a detailed list of Merchant Category Codes (MCC). OTHER INFORMATION. Your MCC code is something that usually exists quietly behind the scenes once your business gets going. Your email address will not be published. When a card offers rewards on a changing set of categories (like 5% on groceries one quarter, 5% on restaurants the next, etc.) There’s a lot to see on that page, so simply use ‘ctrl/cmd + F’ and type in ‘merchant’ to get to what you’re looking for. An MCC is used to classify a business by the types of goods or services it provides. Code Reason Description #4: Excessive Chargebacks: With respect to a Merchant reported by a Mastercard Acquirer, the number of Mastercard chargebacks in any single month exceeded 1% of the number of Mastercard sales Transactions in that month, … We have listed a few of these resources below: Ben Dwyer began his career in the processing industry in 2003 on the sales floor for a Connecticut‐based processor. There’s a lot to see on that page, so simply use ‘ctrl/cmd + F’ and type in ‘merchant’ to get to what you’re looking for. A merchant category code is a four-digit number used by credit card companies to classify businesses into market segments. My assumption is that Visa and Mastercard use the same codes for all banks. A. The codes, their meanings and classifcation are set by the International Organization for Standardization (ISO). We use the following four-digit ISO 18245 merchant category codes (MCCs) to classify your business. And that success is better assured if you have access to and understand the Mastercard … Keep in mind that each card network –that is, Visa, Mastercard, Discover, and American Express — each have their own lists of MCCs, and while they are largely similar, there might be some specific differences for certain types of business. However, it’s important to ensure that your business is correctly classified both for reporting purposes and to ensure it does not lose out on potentially lower rates. We aim to preserve the integrity of the payment system, which is why we work proactively and collaboratively with our customers to grow business while minimizing risk.