Merchant Category Code (MCC)

Merchant Category Code (MCC) is a four-digit number assigned to the Merchant upon approval of the contract to accept MasterCard and Visa payments. It identifies the Merchant’s business by type and level of Interchange Fees charged.

This code allows you to correctly classify the type of business of a commercial enterprise when making payments using plastic cards of Visa, MasterCard, AmEx systems.

When installing the POS-terminal in the cash zone and setting its parameters, you receive the MCC code automatically. 

At the time of the representative’s request to the bank, checking personal information takes place. After that, the company receives a personal number.

If the company provides its activity in several areas, then when choosing a code, the main business is primary.

Why do consumers need MCC code?

When connecting to issuing bank bonus programs, cardholders also need an MCC code. For transactions of a specific type, the client receives a specific bonus or CashBack on their bank card. Sometimes bonuses for paying with a card are credited to your mobile phone account.

Frequently, you can return up to 5% of the amount of the purchase back to the card account. Bonuses are credited to user cards only at specific points of sale according to the list approved by the bank.

The information system of a banking organization holds information about all customer spending transactions. Automated systems of financial institutions regularly analyze data and select operations that match the conditions of the action.