merchant category code list malaysia

The correct codes help establish accurate fees. The operations of a business dont match its code.

Merchant Category Code Instabill Com

If you got a BMO MasterCard CalgaryBen and I can confirm that Walmart Supercentres SCs specifically code as MCC5411 which is the grocery category.

. 7-Eleven Stores In Malaysia Now Accept Credit Card Payments Grab Wave and Go. 5968 Direct Marketing ContinuitySubscription Merchant. Package Stores Beer Wine and Liquor.

Merchant category codes Last updated. MCC codes can also effect the merchants processing rates. AirwaysUSAIRWYS 3064 Adria AirwaysADRIA AIR 3065 Air InterAIRINTER 3066 Southwest AirlinesSOUTHWES 3067 Vanguard AirlinesVANGUARD 3068 Air Astana.

Other Merchant Category Codes 5000-9999. A merchant category code or MCC is a four-digit number that indicates your line of business and the types of goods or services you provide to your customers. Were talking about the merchant category code MCC which determines what rewards you can get on your rewards or cash back card.

Jul 10 2020 0417 PM. Here are some common merchant categories provided by Citi. Look at all my stars.

To comply with Bank Negara Malaysias Payment Card. Merchant Category Code MCC CashBack list Earn money from Bank. A merchant category code is a four-digit number used by credit card companies to classify businesses.

Merchant Category Code MCC CashBack list Earn money from Bank. The code 7995 can be used to prevent transactions coming from states that dont allow online gaming. Drug Stores and Pharmacies.

Show posts by this member only Post 641. 5541 5542 5983 BHP Shell Petronas and all other petrol stations Grocery Grocery Stores 5411 Jaya Grocer AEON Big Cold Storage Giant and all other hypermarkets or supermarkets Freezer Locker Meat Provisioners 5422 Candy Nut Confectionery Stores 5441 Dairy Products Stores 5451 Bakeries 5462. MCC Description Valid Payment Brands 4812 Telecommunication Equipment Including Telephone Sales V M 4813 Key-Entry Telecom Merchant providing single.

Refer to the clause on the unlawful activities as indicated in all Islamic Cards TC. Look at all my stars. 10th May 2022 We use the following four-digit ISO 18245 merchant category codes MCCs to classify your business.

Merchant Category Code MCC MCC MCC_Description 3056 Airlines 3057 Airlines 3058 DeltaDELTA 3059 Airlines 3060 Northwest AirlinesNWA AIR 3061 ContinentalCONTINEN 3062 Airlines 3063 US. Category Code Listing Category Code Listing. Alipay supports the Merchant Categories Codes defined by other payment systems only for the purpose of interoperability.

Make your shopping for essentials safer and more convenient by. MCC also impact taxes and the way the Internal Revenue Service IRS categorizes your business. Merchant Category Codes determine whether or not a transaction is eligible for say 3 points per dollar on dining rather than 1 point per dollar for general purchases.

The possibilities of understanding the merchant category codes list are endless. MCCs can vary by processor but there are some common trends. Show posts by this member only Post 1.

Valid Payment Brands 0742. Its confirmed both the Core and World Elite CashBack cards which qualify for 3 and 5 respectively. A business MCC indicates the types of services or goods being sold to customers.

Merchant Category Codes General Merchant Category Codes MCCs 48004999 Utility Services The following table includes a list of MCCs in the range 48004999 and the description for each code. VISA MERCHANT CATEGORY CLASSIFICATION MCC CODES DIRECTORY MCC MERCHANT TYPE 0742 Veterinary Services 0763 Agricultural Co -operatives 0780 Horticultural Services 0780 Landscaping Services 1520 General Contractors -Residential and Commercial. 9211 - Court Costs 9222 - Fines 9223 - Bail and Bond Payments.

For example online gambling is only permitted in the states of Delaware New Jersey and Nevada. Merchant category codes can be very useful in monitoring a businesss spending but can MCCs be used to restrict certain spending categories. Sep 14 2015 1111 AM updated 5h ago.

There are three common issues. Consider that your company wants to restrict all company purchases at retail. The merchant category code is simply a 4-character number that credit card firms use to organize.

Effective 29 July 2020 all transactions on the list of non-Shariah merchant category codes MCC below will be blocked for all Maybank Islamic Ikhwan Cards. The Government of Malaysia and The Ministry Of Finance shall not be liable for any loss or damage caused by the usage of any information obtained from this site. Originally developed to simplify accounting for the year-end 1099 tax form reporting the MCC code is now a critical piece in the payments landscape.

When a customer pays for a meal using a MasterCard however the letter F will appear next to the numerical code. Maybe the code was assigned. The problem is MCCs arent always consistent or accurate.

Senior Member 6018 posts Joined. How Are MCC Codes Used. MCC List MCC 4111 - LocalSuburban Commuter Passenger Transportation Railroads Feries Local Water.

Any business taking customer payments must focus on merchant category codes because your MCC can impact the interchange rate and the cost of card processing. Of processing services from financial institutions of which interchange may only be one component of their overall merchant discount rate. List of merchant category codes.

Key in one or more of the CRITERIA then click Search. 265 rows MCC codes are used by issuing bank to determine if they will except the transaction. Every business that accepts credit cards from major networks.

Senior Member 2361 posts. MasterCard Merchant Category Code MCC MCG and TCC Classifications Established by the United States government in 1937 Standard Industrial Classification codes or SIC codes identify specific industries using four-digit numbers. After a customer pays for a restaurant meal with a Visa card for example the merchant transaction will be noted with the merchant category code 5814.

General Merchant Category Codes MCC code list MCCs 00011499 Agricultural Services The following table includes a list of MCCs in the range 00011499 and the description for each code.

The Complete Guide To Merchant Category Codes Mccs

How To Find A Business S Merchant Category Code Creditcards Com