Merchant Category Code (MCC) definition

Merchant Category Code (MCC) means a standard code that the credit card industry uses to categorize merchants based on the type of goods or services provided by the merchant. A merchant is assigned an MCC by the acquiring bank.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Merchant Category Code (MCC) means a standard identifier used by the credit card industry to designate businesses based on the type of products provided, and assigned by the acquiring bank.

Merchant Category Code (MCC) means the code defined to specific merchant activity at the acquiring bank system - “Daily spends” are the selected Merchant list (MCCs) to qualify for cashback

Examples of Merchant Category Code (MCC) in a sentence

• Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved.

• Merchant may not accept Card payments for products or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application for which Merchant was approved.

• Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Application, for which Merchant was approved.

• In the event your Charge Volume exceeds (1) $1,000,000 in a rolling twelve month period, or (2) $100,000 in any three consecutive months (“High CV Merchant”), American Express may convert you to a direct Card acceptance relationship unless your Merchant Category Code (MCC) is exempt from the High CV Merchant threshold according to current American Express OptBlue Program limitations.

• Cashback rewards will be calculated as per the Merchant Category Code (MCC) defined by the acquiring bank based on Visa & Mastercard guidelines.

• Access Online standard and transaction- based reports can be filtered by Merchant Category Code (MCC).

• Merchant may not accept Card payments for products and/or services delivered to Customer that are not directly applicable to the Merchant Category Code (MCC) entered on the Application, for which Merchant was approved.

• Cardmembers must use their Card to perform any retail transaction with a minimum value of RM150.00 (“Eligible Transaction”) in a single receipt within the prescribed Merchant Category Code (MCC) as per clause 9 below.

• Gambling transactions are defined as purchases made with businesses classified in the following Visa Merchant Category Code (MCC): Betting (including Lottery Tickets, Casino Gaming Chips, Off-track Betting and ▇▇▇▇▇▇).

• Eligible Cardmembers must use their Card to perform a minimum cumulative retail transaction of RM1,000 per month within the prescribed Merchant Category Code (MCC) as outlined in the table below (“Eligible Transaction”).

More Definitions of Merchant Category Code (MCC)

Merchant Category Code (MCC) is a four-digit number that is used to classify Merchants and businesses by the type of goods or services they provide; “Merchant Choice Routing (MCR)” also known as ’least cost routing’, directs contactless Multi-Network Debit Card transactions through the eftpos Network which may attract lower merchant service fees.

Merchant Category Code (MCC) means a standard code that the credit card industry

Merchant Category Code (MCC) means the four-digit code and corresponding definition assigned to each company that describes the type of business in which you are engaged.

Merchant Category Code (MCC) means field-specific codes determined by the International Card Organisations from time to time.

Merchant Category Code (MCC) a code used to define the nature of merchant activity.