Merchant Category Code List Download !NEW!

MCCs are assigned either by merchant type (e.g., one for hotels, one for office supply stores, etc.) or by merchant name (e.g., 3000 for United Airlines[1]) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment.[2] The same business may code differently with different credit cards, and different sections or departments of a store may code differently.[3]

Several commentators recommended that the final regulations eliminate the qualified payee requirement and provide a complete exemption from backup withholding for payment card transactions made through a QPCA. One commentator noted that 31.3406(g)-2(e) of the regulations provides that a real estate reporting person is not required to backup withhold on a real estate transaction subject to reporting under section 6045. As an alternative to backup withholding, this commentator suggested that the QPCA should provide a list to the IRS of the merchant/payees for whom the QPCA cannot obtain valid TINs. The commentator further suggested that the IRS should impose penalties on the merchant/payees who fail to furnish valid TINs, rather than require backup withholding.

Merchant Category Code List Download

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.03 Merchant Category Code. A Merchant Category Code (MCC) is a classification code that is assigned by a payment card organization to a merchant/payee. The payment card organization assigns the merchant a particular code based on the predominant business activity of the merchant.

.01 Payment Card Organizations. A payment card organization may assign MCCs, or equivalent Industry Codes, to merchant/payees and notify cardholder/payors of the MCCs or equivalent Industry Codes assigned to merchant/payees. If the MCC or equivalent Industry Code assigned to a merchant/payee is not listed in section 5.03 (an unlisted code) and the payment card organization determines that merchants within the assigned code are similar to merchants within an MCC or equivalent Industry Code that is listed (a listed code), the payment card organization may notify cardholder/payors that they may treat payments to the merchant in the same manner as payments to merchants within the listed code. If the payment card organization determines that merchants within the assigned code are not similar to merchants within any listed code, it should notify cardholder/payors that the treatment of payments to the merchant depends on whether, under the facts and circumstances, information reporting is required with respect to the payments. The payment card organization and its members, affiliates, and licensees must exercise due diligence in verifying the type of business that a merchant conducts. In addition, the payment card organization and its members, affiliates, and licensees must exercise reasonable business judgment in assigning MCCs or equivalent Industry Codes and in determining whether merchants within an unlisted code are similar to merchants within a listed code.

If the Service notifies the payment card organization that the MCC or equivalent Industry Code assigned to a merchant/payee is incorrect, this revenue procedure does not apply to payment card transactions with the merchant/payee occurring more than 60 days after the date of the notification unless the payment card organization has assigned the merchant/payee a new MCC or equivalent Industry Code that is satisfactory to the Service and notified cardholder/payors of the correction. If the payment card organization fails to assign the merchant/payee a new MCC or equivalent Industry Code that is satisfactory to the Service and notify cardholder/payors of the correction during the 60-day period following the date of the notification that a merchant/payee MCC or equivalent Industry Code is incorrect, the payment card organization must notify cardholder/payors before the end of the period that they may no longer rely on the MCC or equivalent Industry Code assigned to the merchant/payee. Similar procedures apply if the payment card organization determines that merchants within the unlisted code assigned to a merchant/payee are similar to merchants within a listed code and the Service notifies the payment card organization that this determination is incorrect.

The Service may assist payment card organizations and their members, affiliates, and licensees in determining whether the MCC or equivalent Industry Code assigned to a merchant/payee is correct or whether merchants within an unlisted code are similar to merchants within a listed code. The Service will periodically update the table in section 5.03 and requests that payment card organizations notify the Service of updates to the MCCs.

02. Cardholder/payors. A cardholder/payor may rely on the MCC or equivalent Industry Code assigned to a merchant/payee in determining whether a payment card transaction with that merchant/payee is subject to information reporting under section 6041 or section 6041A. Thus, if a merchant/payee is assigned an MCC and the table in section 5.03 indicates that payments to merchants in that category are not reportable under section 6041 or section 6041A, a cardholder/payor is not required to report payment card transactions with the merchant/payee. Similarly, an indication in the table that payments to a category of merchants are reportable under section 6041 or section 6041A reflects a determination by the Service that those merchants predominantly furnish services, and cardholder/payors may treat payment card transactions with those merchants as payments for services. Similar procedures apply if the merchant/payee is assigned an unlisted code and the payment card organization notifies the cardholder/payor that it may treat payments to the merchant in the same manner as payments to merchants within a listed code. If the merchant/payee is assigned an unlisted code and the payment card organization notifies the cardholder/payor that the treatment of payments to the merchant depends on the facts and circumstances, the cardholder/payor must determine based on the actual nature of the transaction whether information reporting is required with respect to the payments.

MCC Codes (or merchant category codes) are assigned to merchant accounts during the set up process and are used to differentiate between types of business & industries. Each industry has different transaction patterns and differing levels of risk (potential for fraud). MCC codes are used by issuing bank to determine if they will except the transaction. For example online gambling is only permitted in the states of Delaware, New Jersey and Nevada. The code 7995 can be used to prevent transactions coming from states that don't allow online gaming.

MCC codes can also effect the merchants processing rates. An improper classification could cause a merchant to pay higher than necessary processing fees. The are approximately 500 different MCC Codes used by Visa and it is important for a merchant to make sure they are assigned to the appropriate code.

The VA issues cards that can only be used at certain types of merchants (I presume, to prevent misuse). I need a complete list of MCC codes that square supports, so that we can cross-reference with the list from our VA office.

We aren't able to access and share account-specifics in our online forums, but I can tell you that we support a limited number of MCC codes. My best suggestion is to touch base with your VA office and ask which MCC codes they support. Next, reach out to our Customer Success team. With that, an account specialist will be able ensure that the proper code is applied to your account, if the code is supported.

Hello @CassieLMT - Square does not have an MCC list that our Sellers can publicly view as we offer hundreds of MCC options. Any available MCC will be available for you to choose from at the time of creating a Square account. If you need a specific category code or need to change your original option for your business our Customer Success Team can assist you further. They will be your best resource.

Each MCC code consists of 4 digits. The Merchant Category Codes classification system has codes for various business activities (e.g. MCC 5532 - Automotive Tire Stores), as well as codes for specific merchants (e.g. MCC 3001 - American Airlines, or MCC 3513 Westin Hotels). MCC classification is focused primarily on categorizing the businesses/institutions able to receive credit card payments. Notably, most of the businesses in the agricultural and manufacturing space are missing from the classification. For this reason, creating correspondence tables between MCC and other industry classifications such as SIC or NAICS is task where many judgement calls need to be made.

The most popular implementations of ISO 18245:2003 are Visa MCC and MasterCard MCC. MasterCard refers to MCCs as Card Acceptor Business Codes, whereas Visa sticks to the conventional name Merchant Category Codes. Both implementations are mostly similar, and the main differences between them are inclusion of particular merchants from the list, and codes specific to activities carried by a particular payment card organization. For example MCC 3176 Metroflight Airlines and MCC 9701 Visa Credential Server are included only in the Visa MCC list, and MCC 3547 Breakers Resort and MCC 6537 MoneySend Intercountry only in MasterCard MCC list. A complete list of MCC codes specifying differences between Visa and MasterCard versions is available at citibank website.

MCC codes are assigned by the acquirer to merchants using their services according to the guidelines published by the payment card organization they work with. An acquirer (acquiring bank) is a bank (or a financial institution) that processes debit/credit card payment on behalf of the merchant. For example, when a bookstore starts doing business with MasterCard it will be given MCC code 5192. These codes are then used:

A Merchant Category Code (MCC) is a four-digit number used by credit card companies to classify a business by the goods and services it provides. When activating a Square Point of Sale account, you have the option to set your MCC by selecting a business type. Your MCC code should directly reflect the type of business that you conduct, especially because it can influence card acceptance. For example, a veterinary clinic should select the merchant category code Veterinary Services. e24fc04721