Merchant Category Code

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A Merchant Category Code (MCC) is a four-digit number assigned to a business by MasterCard or VISA when the business first starts accepting one of these cards as a form of payment.[1] The MCC is used to classify the business by the type of goods or services it provides. In the US it can be used to determine if a payment needs to be reported to the IRS for tax purposes.[2]

[edit] References

  1. ^ http://visasearch.visa.com/UsaSearch/cs.html?charset=iso-8859-1&url=http%3A//usa.visa.com/download/corporate/resources/mcc_booklet.pdf&qt=mcc%2C+-site%3Awww.visadps.com&col=usa&n=2&la=en
  2. ^ Internal Revenue Bulletin - August 2, 2004 - Rev. Proc. 2004-43

List of MCC codes: [1]

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