An MCC, or Merchant Category Code, is a four-digit number that is assigned by credit card companies to merchants when they first start accepting credit card payments. This code essentially classifies a business according to the type of goods or services it provides. Originally established by the IRS to streamline 1099 reporting, MCCs now impact
A Merchant Category Code (MCC) is a four-figure number used to categorize business entities according to the type of products or services the company offers. Credit card associations have set up rules dictating merchants in specific high-risk MCC codes to pre register with these associations to ensure monitoring of risks. These high risk categories include
