Merchant Category Codes (MCC)

Understanding Merchant Category Codes (MCC): A Comprehensive Guide

1. Introduction to Merchant Category Codes Definition and Purpose Merchant Category Codes (MCC) are four-digit codes assigned to businesses by credit card networks like Visa, Mastercard, and RuPay to classify the type of goods or services they provide. These codes are used in financial transactions to identify the nature of the merchant’s business. History and […]

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