MCC 4829: Money Orders—Wire Transfers
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) 4829 categorises businesses involved in providing money orders and wire transfers. Understanding merchant category codes helps ensure the correct classification for transactions and optimises financial reporting.
What Types of Businesses Fall Under MCC 4829?
MCC 4829 encompasses establishments specialising in handling money orders and executing wire transfers.
These include:
- Money Transfer Services: Companies offering international and domestic money transfer solutions.
- Postal Operators: Providers that handle money orders as part of their postal services.
- Currency Exchange Outlets: Facilities often providing both currency exchange and money transfer services.
- Finance Houses: Institutions offering wire transfers as part of broader financial services.
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