What are MCC - Merchant Category Codes?
In the world of digital payments, four-digit Merchant Category Codes (MCCs) silently orchestrate billions of transactions daily. These seemingly simple classification numbers wield enormous influence over business operations, processing fees, and transaction approval. What Are Merchant Category Codes? MCCs are standardized codes assigned by card networks like Visa, Mastercard, and American Express. They instantly communicate what type of business is processing a payment – from airlines (MCC 3005) to veterinary services (MCC 0742). ...