Adding Merchant Category Codes (MCC)
I have clients that are being declined for charges - adversely affecting my income - because there is no merchant category code. How do I add these?
MCC Codes (or merchant category codes) are assigned to merchant accounts during the set up process and are used to differentiate between types of business & industries. MCC codes can also effect the merchants processing rates. An improper classification could cause a merchant to pay higher than necessary processing fees.
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Jason, Fraud Analyst II commented
The topic should be on how to CHANGE a MCC code.
Customer service reps with QuickBooks are unaware of how to change the MCC code inside a merchant account. This is a huge issue causing transaction funding delays. Please train you customer service reps on the process and advise on this thread of the steps to expedite the change.
For example a 5399 MCC code is for a Misc general contractor and needed to be changed to a 5039 MCC code for a Construction Materials how is this process done? Customer service seems to have no idea on how to complete this step.
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huntsconstruction commented
I am having the same problem and cannot find my MCC code