WebFeb 14, 2024 · The four major credit card networks – Visa, Mastercard, Discover and American Express – share hundreds of MCCs between them. MCC codes are generally … WebDec 13, 2024 · Credit card merchant fees are the fees that credit card companies (e.g. Visa or Mastercard) charge via the customer’s issuing bank for using a card to pay for a …
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http://www.gspay.com/credit-card-merchant-account.php WebAn MCC reflects the primary category in which a merchant does business and may be used: to determine the interchange fee paid by the merchant, with riskier lines of … saint mary\u0027s university transfer credits
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WebDec 20, 2014 · What are merchant category codes? Merchant category codes became a requirement for businesses in 2004, per the IRS, which … WebFeb 26, 2024 · In credit card processing, a Merchant Category Code (MCC) is a 4-digit number assigned to a business or non-profit organization when they begin accepting credit cards. Your MCC has a direct effect on what interchange fees your organization will pay for credit card transactions. Why are MCC’s important for non-profits? WebJul 15, 2024 · There are some of the most common categories and their associated MCCs. Entertainment (like movie theatres, bowling alleys, and golf courses): 7832, 7933, 7992. … saint mary\u0027s university san antonio