High risk business

MCC 6051

Quasi Cash: Merchant

Identifies the purchase, with a Mastercard or Maestro card, of travelers cheques, foreign currency, or money orders, or the use of a Mastercard card to open or fund a deposit account, at a location other than a Mastercard customer financial institution location. This MCC may also be used to identify transactions in which a merchant accepts a Mastercard or Maestro card for payment of an existing debt, such as a private label card or vehicle loan. In addition, this MCC must be used to identify transactions involving the purchase of cryptocurrency. MCC 6051 must not be used to identify any sale other than as described, including, by way of example and not limitation; gambling transactions (MCC 7995, MCC 7801, or MCC 7802, as appropriate, must be used); videotext transactions (MCC 5967 must be used); the sale of any prescription drug (MCC 5122 or MCC 5912 must be used); or the sale of any tobacco product (MCC 5993 must be used). Any fee charged and included in the total transaction amount must be clearly disclosed to the cardholder before completing the transaction. For the face-to-face purchase of foreign currency, money orders, or travelers cheques at a Mastercard customer financial institution location, use MCC 6010. This MCC must be used for cryptocurrency exchange platforms.

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Disclaimer : The Merchant Category Code (MCC) provided is based on the official classifications from Visa and Mastercard, supplemented by insights from Risk & Compliance experts. The final determination and allocation of MCCs remain the responsibility of the payment service provider licensed by Visa and Mastercard. This recommendation is for informational purposes only and should not be considered as definitive or binding guidance.

how it works

Merchant Category Code (MCC): Everything you need to know

What's an MCC?

A Merchant Category Code (MCC) is a four-digit number assigned to merchants by acquiring banks when a merchant account is created. This code categorizes your business based on the goods or services you offer and is recognized by payment networks like Visa and Mastercard.

Who assigns MCCs?

MCCs are assigned by your acquiring bank, following guidelines set by card networks such as Visa and Mastercard. While these guidelines are clear, assigning the right MCC often involves judgment by the acquirer. Misclassification - whether accidental or intentional - can lead to serious consequences, including penalties or disrupted payment processing.

Why do MCCs matter?

MCCs influence several critical aspects of your business operations, such as the interchange fee (amounts paid to card-issuing banks for transaction processing), merchant risk profile, spending restrictions or rewards. To determine your MCC, consider the following options: contact your payment processor, refer to payment network classification lists, or use our MCC lookup tool to find and verify your MCC.

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Browse the Merchant Category Code (MCC) database to discover they mean for your business.

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