Merchant category codes (MCCs) are identifiers used to classify businesses by type of service or product provided. MCC 8699: Membership Organizations (Not Elsewhere Classified) represents a unique category. This MCC code is specifically for organisations that don’t fit neatly into other pre-defined categories.
What Types of Businesses Fall Under MCC 8699?
MCC 8699 covers a broad spectrum of membership-based organisations that provide specialised services and benefits not classified elsewhere. These include:
- Special Interest Clubs: Associations that gather people with similar hobbies or missions outside traditional classifications.
- Civic and Social Organisations: Groups focused on community service, social events, and collective benefits for members.
- Professional Membership Groups: Unconventional trade groups and societies that do not fit into existing categories.
Understanding your business’s MCC is crucial for managing financial operations and customer transactions. To learn more about the significance of merchant category codes and their impact on your business, click here.
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