Merchant Category Codes definition

Merchant Category Codes or “MCCs” means the specific Merchant Category Code, assigned by an acquiring financial institution, that identifies the primary goods or services a supplier provides.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Merchant Category Codes means the four digit Mastercard number assigned to a merchant that describes the types of goods and/or services it provides.

Merchant Category Codes or “MCC” means the four digit codes assigned to a supplier by their merchant bank. The MCC identifies the type of business conducted by the supplier and are categorized into groups of commodities and services. P-cards are assigned MCC codes by the p-card administrator based on an institution’s purchasing needs.

Examples of Merchant Category Codes in a sentence

The main business activity of a merchant and any card transaction performed at these merchants are classified under Merchant Category Codes (“MCCs”) assigned by Visa/Mastercard, which are determined by the merchant and the merchant’s acquiring bank.
Merchant Category Codes (MCCs) – numbers that classify businesses by what they sell or the service they provide.
To reduce the risk of fraud and unauthorized transactions, you may coordinate with the Bank to establish charge authorization procedures, based upon Network Merchant Category Codes, which would cause certain attempted transactions to be automatically refused or denied.
You may choose your 2% Money-Back Categories from the following list of eligible Merchant Category Codes (MCC).
Merchant Category Codes (MCC): A system of four-digit codes, maintained by networks, used to identify a merchant’s principle trade, profession or line of business; a MCC is assigned to a merchant by the merchant or merchant acquirer.
Employee of the Lead State responsible for soliciting for and managing the awarded Master Agreement Merchant Category Codes (MCC): A system of four-digit codes, maintained by networks, used to identify a merchant’s principle trade, profession or line of business; a MCC is assigned to a merchant by the merchant or merchant acquirer.
Software Provider may adjust fees as card brands adjust interchange fee structures, categories and/or Merchant Category Codes (MCC).
SBICPSL has the right to include more Promoted Category / Merchant Category Code or exclude certain existing categories / Merchant Category Codes from the product proposition.
These fees, which may vary each month, are based on Merchant Category Codes, the number of merchant locations by Merchant’s taxpayer identification number, and/or Merchant’s processing volume by Merchant’s taxpayer identification number.
The following activities can be performed by the Bank Programme Administrator or Programme Administrator via the ePay Virtual User Interface: Establish purchase types which, depending on the category, may involve; The assignment of enabled Merchant Category Codes.

More Definitions of Merchant Category Codes

Merchant Category Codes or “MCC” means a four-digit number that a Card Association assigns to merchants who accept credit card payments through such Card Association.