Merchant Category Code definition
Merchant Category Code means the code established by a payment network that identifies and classifies goods or services offered by a merchant.
Merchant Category Code means the code assigned to a merchant by Mastercard or Visa or other card associations when the merchant accepts a card from them as form of payment. The code classifies type of goods or services provided by the merchant;
Merchant Category Code means the code, approved by the international organization for standardization or an equivalent successor organization specifically for firearm retailers, that is assigned to a retailer based on the types of goods and services offered to a retailer’s customers.
Examples of Merchant Category Code in a sentence
Transactions that do not earn rewards include cash advances, balance transfers, convenience checks that access your account, ATM withdrawals, finance charges and fees, and other cash and transactions considered cash identified by Merchant Category Code (MCC).
The Customer must use the correct MCC Code (Merchant Category Code) where applicable, comply with the Adyen Payment Services Agreement and Customer’s other agreements with Adyen, the Scheme Rules and other applicable law when using the Adyen Services.
More Definitions of Merchant Category Code
Merchant Category Code means a four-digit number used by the Payment Card industry to classify suppliers into market segments;
Merchant Category Code or “MCC” means the assignment for each merchant and transaction records is subject to classification by the respective acquiring banks (the bank which maintain the merchant’s bank account and process payments on behalf of the merchants) and it is the responsibility of the particular acquiring bank to assign the MCC and transaction record to the relevant transaction. AmBank shall not be held responsible for any assignment of the MCC and transaction record that may result in non-posting of the Cash Rebate for retail transactions at the eligible merchants. The Cardholder(s) shall not be entitled to claim for any compensation against AmBank for such non-posting of the Cash Rebate due to the assignment of the MCC and transaction record by the respective merchant’s acquiring bank.
Merchant Category Code means a specific identification
Merchant Category Code means the code, approved by the
Merchant Category Code. (MCC) is a four digit number assigned to a merchant/ business by the merchant’s acquiring bank. The acquiring bank provides the credit card payment facilities used by the merchant and it determines and applies (with respect to the account), the MCC which in its view best describes the merchant activity. Citibank does not determine the merchant’s MCC.
Merchant Category Code means such numerical code assigned to a particular category of merchants classified according to the nature of their business.
Merchant Category Code or “MCC” is means the code assigned by the respective acquiring bank to identify the type of business or service a company offers.