Understanding MCC 5970: Artist’s Supply and Craft Shops
An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization for Standardization (ISO) and are universally recognised by most card issuers.
Merchant Category Code (MCC) 5970 designates businesses involved in the sale of art supplies and crafting materials. Understanding the specific MCCs applicable to your business can optimise your transaction processing and compliance. MCC 5970 helps merchants in the art and craft industry correctly categorise their business transactions, ensuring seamless financial operations.
Businesses Included Under MCC 5970
MCC 5970 encompasses a range of enterprises dedicated to artistic and crafting endeavours.
These include:
- Art Supply Stores: Retailers offering paints, brushes, canvases, and other art-related products.
- Craft Shops: Vendors providing materials for various crafts, such as scrapbooking, knitting, and pottery.
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