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Get the free MERCHANT CATEGORY

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How to fill out merchant category

01
To fill out the merchant category, follow these steps:
02
Log in to your merchant account.
03
Navigate to the 'Settings' or 'Account Settings' section.
04
Look for the 'Merchant Category' or 'Business Category' option.
05
Click on the option to edit or update it.
06
Choose the appropriate category from the provided list.
07
Save the changes to update your merchant category.

Who needs merchant category?

01
Merchant category is needed by businesses or organizations that engage in commercial activities.
02
It helps to classify and categorize merchants based on the nature of their business.
03
Merchant category is used for various purposes like targeted marketing, data analysis, risk assessment, and payment processing.
04
Financial institutions, payment processors, marketing agencies, and regulatory bodies often require accurate merchant category information.
05
Additionally, merchant category is useful for consumers to identify the type of business they are dealing with.
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Merchant category is a classification code that identifies the type of business or services provided by a merchant.
Businesses or merchants who accept credit/debit card payments are required to file their merchant category.
Merchants can typically fill out their merchant category by logging into their payment processor account and updating their business information.
The purpose of merchant category is to categorize businesses based on the type of products or services they offer, which helps with tracking and reporting purposes.
The information reported on merchant category typically includes the name of the business, contact information, business type, and the type of products or services offered.
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