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Appendix A (11/18)MCC Code: (PRO use only)PURCHASING CARDHOLDER AGREEMENT/APPLICATION PURDUE UNIVERSITY CARD PROGRAM Card Name: (21-Character Limits, including spaces and campus for Dept. Card as

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How to fill out mcc code

01

To fill out MCC code, follow these steps:

02

Start by accessing the form or application where you need to provide the MCC code.

03

Look for the field or section that asks for the MCC code.

04

If the field is not labeled as 'MCC code', check for similar labels such as 'Merchant Category Code'.

05

Once you have located the MCC code field, enter the appropriate code.

06

Make sure to input the correct code that represents the merchant category or business type accurately.

07

Double-check your entry to ensure accuracy.

08

If there are any instructions or guidelines provided, follow them accordingly.

09

Finally, submit the form or application after completing all the required fields.

10

Note: If you are unsure about the MCC code for your business, you can consult with your payment processor or acquirer for assistance.

Who needs mcc code?

01

MCC code is needed by various entities and organizations, including:

02

Payment processors: Payment processors require MCC codes to properly categorize and manage transactions for different merchants.

03

Financial institutions: Banks and financial institutions use MCC codes to classify transactions, identify potential risks, and determine appropriate fees.

04

Government agencies: Tax authorities and regulatory bodies utilize MCC codes to monitor and report financial activities for taxation and regulation purposes.

05

Businesses: Some businesses may need to provide MCC codes when applying for payment processing services or when categorized by certain reporting systems.

06

Researchers and analysts: MCC codes can be used by researchers and analysts to gather data on specific industries or merchant categories for market analysis.

07

Overall, MCC codes play a crucial role in facilitating accurate transaction processing, risk assessment, and financial analysis across various sectors.

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What is mcc code?

The MCC code, or Merchant Category Code, is a four-digit number used to classify businesses based on the goods or services they provide.

Who is required to file mcc code?

Businesses that process credit card transactions are required to file the MCC code related to their business activities.

How to fill out mcc code?

To fill out the MCC code, businesses must select the code that accurately reflects their primary business activity from a list provided by credit card processors.

What is the purpose of mcc code?

The purpose of the MCC code is to categorize businesses for processing transactions, determining interchange fees, and facilitating reporting for financial institutions.

What information must be reported on mcc code?

The MCC code report must include the code itself, the name of the merchant, the business address, and the type of goods or services provided.

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