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These credit card merchant codes are then used by acquiring banks and payment service providers to set fees, assess risk, and more. While the International Organization for Standardization (ISO) sets the MCC codes and meanings, credit card processors nowadays assign the codes to merchants. 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. What is an MCC code, and why do you need to know about it for your business? 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. How does a high-risk MCC affect a business?.How MCC Codes Can Lead To Declined Transactions.Can Getting The Right MCC Really Lower Your Processing Costs?.How Do MCC Codes Affect Payment Processing?.Where Can You Find The Merchant Category Code (MCC) List?.How To Find Your Merchant Category Code (MCC).Why Are Merchant Category Codes Important?.Project Management Software For Construction.What Is Shopify & How Does Shopify Work?.Buy Now Buttons: The Key To Selling On Your Blog Or Website.Is Dropshipping Worth It? How To Make The Right Choice.Best eCommerce Platform For Small Business.Discover The Best eCommerce Platforms In 2022.Complete List Of Business Tax Deductions.Discover The Best Accounting & Payroll Software In 2022.Find Accounting & Payroll Software Reviews.Business Credit Cards Without Personal Guarantee.Which Business Bank Account is Right For You?.How Signing a Personal Gurantee Affects You.Explore Business Credit & Banking Resources.Best Business Credit Cards For Your Nonprofit Organization.Discover The Best Business Credit Cards In 2022.PayPal Working Capital Loan Alternatives.Best Loans For Startups With Bad Credit.What Is A POS System & Choosing The Best For Your Business.Research Credit Card Processing Reviews.

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