What Is Merchant Category Code 5047: Medical, Dental, Ophthalmic, Hospital Equipment and Supplies

Understanding MCC  5047: Medical, Dental, Ophthalmic, Hospital Equipment and Supplies

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) 5047 is critical for businesses dealing with medical, dental, ophthalmic, and hospital equipment and supplies. Understanding merchant category codes helps ensure proper financial reporting.

What Types of Businesses Fall Under MCC 5047?

This MCC is tailored for enterprises providing vital healthcare supplies.

These include:

• Medical Equipment Suppliers: Entities providing essential instruments and devices for healthcare services.
• Dental Supply Stores: Vendors offering specialised equipment used in dental practices.
• Ophthalmic Equipment Dealers: Suppliers of optical devices and tools critical for eye care.
• Hospital Supplies Vendors: Providers of various necessities for hospitals, from surgical tools to disposables.

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