Merchant Category Code
Encyclopedia
A Merchant category code (MCC) is a four-digit number assigned to a business by MasterCard
or VISA when the business first starts accepting one of these cards as a form of payment. The MCC is used to classify the business by the type of goods or services it provides. In the US it can be used to determine if a payment needs to be reported to the IRS for tax purposes.
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
or VISA when the business first starts accepting one of these cards as a form of payment. The MCC is used to classify the business by the type of goods or services it provides. In the US it can be used to determine if a payment needs to be reported to the IRS for tax purposes.