A Merchant Category Code (MCC) is a four-digit number used to classify a business entity based on the type of goods or services the company provides. The credit card associations have established rules and regulations that require merchants in certain high-risk MCC codes to be preregistered with the card associations for risk monitoring purposes. These business categories are the industries which predominantly generate the highest levels of cardholder disputes and/or represent brand risk for regulatory reasons.
High-Risk MCC Code Table
The following table lists many of the high-risk MCC codes that require card association high-risk registration and several other business categories for which merchant accounts are also commonly difficult to establish.
* Registration is required for card-not-present (CNP) environments.
High-Risk Merchant Accounts are difficult to obtain because traditional banks are not prepared to manage these types of merchants, they do not have tools in place to mitigate the associated risks and/or bank policies prohibit providing service to these industries.
From low risk to registered high-risk merchant accounts, Payment Principals offers a complete range of domestic and offshore merchant account solutions. PayPrin has the acquiring bank partnerships, experience and reputation to help high-risk merchants obtain a merchant account.
For more information on these MCC code categories or assistance with obtaining a merchant account, call +1-800-550-1303 or contact Payment Principals online today.