risk control tool
Merchant Category Code Retrieval
What is Merchant Category Code (MCC)?
Merchant Category Code (MCC) is a four-digit code used to categorize the types of goods or services provided by merchants, and is a key element in the payment processing flow
The Merchant Category Code (MCC) is established by the International Organization for Standardization (ISO). Payment processors assign MCCs based on factors such as the merchant’s business type and risk level, thereby determining the fee structure
The important application of merchant category coding
Manage bank card payment categories
Utilize MCC to administer the payment categories of bank cards, restricting their usage to specific merchant types or limiting them to certain designated merchant types
For example, a payment category can be set for a travel bank card, restricting its use to MCC merchants related to travel; or high-risk MCC merchant transactions such as gambling can be blocked
Consumer data customer portrait
Each transaction contains MCC data and relevant transaction information, including the amount, authorization method, and merchant using the card, which can assist in collecting detailed consumption data
Cross-border transaction fee
MCC can determine the transaction type and influence the processing method of cross-border transactions, including currency exchange fees and acceptance rules
For transactions involving high-risk cross-border business, there are usually higher fees
Industry classification of merchant category codes
0001–1499
Agricultural Services
1500–2999
Contracting Services
4000–4799
Transport Service
4800–4999
Public Utility Services
5000–5599
Retail Store Services
5600–5699
Clothing Store
5700–7299
Other Stores
7300–7999
Business Services
8000–8999
Professional Services And Membership Organizations
9000–9999
Government Services