!!! Overview [{$pagename}] (MCC) is a four-[digit] [Code], listed in [ISO 18245] for retail [financial] services, issued by the [Payment Network] (Visa, Mastercard, Discover, American Express) assign to every [Merchant] that applies to accept [Payment Cards] during [Enrollment]. [{$pagename}] is based on the __predominant business activity__ of the [merchant] and are often never changed even though the [Merchant] changes their [Line Of Business]. [{$pagename}] may be different for the different [Payment Networks]. [{$pagename}] is used for [Classification]: * to determine the [Interchange Fee] paid by the [merchant], with riskier lines of business paying higher fees. * by [Payment Network] companies to offer cash back rewards or reward points, for spending in specific categories * by [Payment Network] to define rules and restrictions for card transactions (for example, Automated Fuel Dispensers (MCC 5542) have specific rules for [authorization] and clearing messages). * in the [United States], to determine whether a payment is primarily for “services”, which needs to be reported by the payor to the [Internal Revenue Service] for tax purposes, or for “merchandise”, which does not.[2] !! [{$pagename}] [Privacy Considerations] [{$pagename}] as with many other [codes] may be used with or without [Informed Consent] to: * used to market new products to consumers * are shared with marketing partners * can be subpoenaed!! More Information There might be more information for this subject on one of the following: [{ReferringPagesPlugin before='*' after='\n' }] ---- * [#1] - [Merchant_category_code|Wikipedia:Merchant_category_code|target='_blank'] - based on information obtained 2018-10-02- * [#2] - [Merchant Category Codes to Determine Reportable Payment Card Transactions|https://www.irs.gov/irb/2004-31_IRB#RP-2004-43|target='_blank'] - based on information obtained 2018-10-02-