Merchant Category Code (MCC) is a four-digit code that is used to classify the business by the type of goods or services it provides. For example, hotels have a certain MCC, restaurants have another and so on.
💡 Whatever the size and activity of your business, it is characterized by an MCC according to the industry it belongs to. They are assigned by the card networks (VISA, MasterCard etc) when your business starts to accept payments by card.
A merchant can have more than one MCC. MCC codes are very important for statistics and consumer behavior analytics. It is important to know the MCC of your business because based on this the businesses are classified and various restrictions, privileges, tax-free transactions etc. are determined.
