Understanding Merchant Category Code 5940: Bicycle Shops – Sales and Service

What is Merchant Category Code 5940: Bicycle Shops – Sales and Service

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) 5940 classifies transactions associated specifically with businesses involved in bicycle shops – sales and service. Understanding merchant category codes helps ensure proper financial reporting.

What Types of Businesses Fall Under MCC 5940?

MCC 5940 covers a variety of businesses dedicated to bicycles.

These include:

• Bicycle Retailers: Shops primarily engaged in selling bicycles of different types, from mountain bikes to road bikes.
• Bicycle Repair Services: Establishments dedicated to servicing and repairing bicycles, keeping riders on the road.
• Bicycle Parts and Accessories Stores: Businesses offering a variety of bicycle parts, from tyres to handlebars and other essential accessories.

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