MCCs And What They Mean For Your Business

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

Top Mobile Payment Apps

The use of smartphones in processing credit card payments is not a new thing to many. In fact, the practice is currently well accepted, thanks to its affordable setup costs and few-commitment contracts offered by most service providers. It’s no surprise that most merchants are beginning to rely exclusively on free Android and iPhone mobile

What Is a Merchant Identification Number?

The whole procedure of processing an online or other transaction involves a number of variables to ensure safe and secure payments. These measures are implemented to ascertain that all payments are channeled to the right accounts and through the correct network. For that reason, every merchant must possess specific identification data to enable safe and