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November 18, 2016New Hampshire Housing
MCC Exception Requests
IMPORTANT NOTICE
Headline:
Given the IRS requirements (detailed below), there are real limits to our ability to grant
exceptions for the
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How to fill out mcc exception requests
How to fill out mcc exception requests
01
Gather all relevant information and documentation that supports your request for an MCC exception.
02
Prepare a written explanation of why you believe an MCC exception is necessary.
03
Clearly outline how the requested MCC exception will benefit your business or organization.
04
Complete the MCC exception request form provided by your payment processor or acquiring bank.
05
Attach all supporting documentation and written explanation to the request form.
06
Submit the completed MCC exception request form and supporting documents to your payment processor or acquiring bank.
07
Follow up with your payment processor or acquiring bank to ensure that your request is being reviewed and processed.
08
Be prepared to provide any additional information or clarification that may be requested during the review process.
09
Once a decision has been made on your MCC exception request, adhere to any guidelines or requirements provided by your payment processor or acquiring bank.
Who needs mcc exception requests?
01
Businesses or organizations that engage in transactions that fall outside the normal Merchant Category Code (MCC) categories may need to file MCC exception requests.
02
This applies to those who have specific business needs or unique circumstances that cannot be accurately classified under the existing MCC categories.
03
Examples of entities that may require MCC exception requests include non-profit organizations, government entities, or businesses with specialized services or products.
04
It is recommended to consult with your payment processor or acquiring bank to determine if an MCC exception request is necessary for your specific situation.
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What is mcc exception requests?
MCC exception requests are special requests made to request an exception to the Merchant Category Code (MCC) assigned to a certain transaction or merchant.
Who is required to file mcc exception requests?
Merchants or financial institutions are required to file MCC exception requests if they need to request changes to the MCC assigned to a transaction or merchant.
How to fill out mcc exception requests?
MCC exception requests can be filled out by providing the necessary information about the transaction or merchant and explaining the reason for the requested change in MCC.
What is the purpose of mcc exception requests?
The purpose of MCC exception requests is to make exceptions to the MCC assigned to a transaction or merchant in certain cases where the standard MCC does not accurately represent the nature of the transaction.
What information must be reported on mcc exception requests?
MCC exception requests must include details about the transaction or merchant, the current assigned MCC, and the reason for requesting an exception.
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