How do I find my company MCC code?

How do I find my company MCC 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 MCC 6010?

Merchant category code for 6010 MCC 6010 is used for and other similar services. NOIRE can support eCommerce merchants with these requirements within this Merchant category code.

Are MCC codes universal?

MCCs are used to identify the type of business in which a merchant is engaged. Payment brands use merchant category codes (MCCs) to classify merchants and businesses by the type of goods or services provided. Often, MCCs are recognized by all payment brands; however, not all codes are recognized by all brands.

What is MCC code for eCommerce?

merchant category code
A merchant category code (MCC for short) is a four-digit number that identifies the primary purpose of your business. MCC codes indicate the types of products or services that you offer to consumers.

What MCC 6050?

Specifically, code 6050 “Quasi Cash–Member Financial Institution” is only used by Mastercard, and skipped by Visa. It might be that there are certain transactions that Visa codes as cash advance – and thus don’t have a credit MCC – whereas Mastercard codes them as a purchase.

What MCC 6540?

Acquirers must move merchants to this MCC by 1 January 2017. To increase transaction approval rates and encourage growth in the stored value card market segment, Visa is creating MCC—6540 Non-Financial Institutions: Stored Value Card Purchase / Load.

Can I change my merchant category code?

You can’t change it or do much about it, so there’s no reason for processors to include them on a statement. The best way to find your merchant category code is by contacting your credit card processor directly. Ask them to disclose the MCC code that’s been assigned to your business.

What is MCC in Shopify?

MCC is your merchant category code!

What is the meaning of MCC code?

MCC Codes (or merchant category codes) are assigned to merchant accounts during the set up process and are used to differentiate between types of business & industries. Each industry has different transaction patterns and differing levels of risk (potential for fraud). MCC codes are used by issuing bank to determine if they will except the

What does MCC code 7995 mean?

MCC Codes – Merchant Category Codes. MCC codes are used by issuing bank to determine if they will except the transaction. For example online gambling is only permitted in the states of Delaware, New Jersey and Nevada. The code 7995 can be used to prevent transactions coming from states that don’t allow online gaming.

What are Merchant Category Codes (MCCs)?

Payment brands use merchant category codes (MCCs) to classify merchants and businesses by the type of goods or services provided. Payment brands, issuers and acquirers can use MCCs to categorize, track and restrict transactions.

What is a 5600 MCC code?

MCCs 5600–5699 (Clothing Stores) The following table includes a list of MCCs in the range 5600–5699 and the description for each code. MCC Description Valid Payment Brand(s) 5611 Men’s and Boys’ Clothing and Accessories Stores V, M 5621 Women’s Ready to Wear Stores V, M 5631 Women’s Accessory and Specialty Stores V, M