A Merchant Category Code (MCC) is a four-digit number assigned to a business by card networks (Visa, Mastercard) to classify the type of goods or services they sell. The MCC influences interchange fees, tax reporting, and whether certain card types (like Health Savings Account cards) can be used at that business.
FAQs:
- How do I find my MCC on Stripe?
Stripe assigns an MCC based on the industry you selected during account setup. You can view or request to change this in your dashboard settings. - Does my MCC affect my processing fees?
Yes, some high-risk categories carry higher fees, and some categories qualify for lower interchange rates (e.g., charities or government services). - Can an incorrect MCC cause declined transactions?
Yes, if a customer uses a restricted card (e.g., a corporate card restricted to travel expenses) at a business with an unrelated MCC, the transaction may be declined.
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