Understanding Merchant Category Code 5094: Precious Stones and Metals, Watches and Jewellery

What is Merchant Category Code 5094: Precious Stones and Metals, Watches and Jewellery

Merchant Category Code (MCC) 5094 is assigned to businesses associated with the trade of precious stones and metals, watches, and jewellery. For merchants operating within this niche, understanding their specific MCC is crucial in facilitating smoother payment processing and ensuring compliance with financial protocols. Learn more about MCCs and their importance.

What Types of Businesses Fall Under MCC 5094?

MCC 5094 encompasses a range of businesses primarily focused in the luxury goods sector. These include:

• Jewellery Stores: Retailers offering a variety of luxury and finely crafted jewellery pieces.
• Watch Boutiques: Specialising in premium timepieces, both mechanical and quartz.
• Precious Metal Dealers: Traders of valuable metals like gold, silver, and platinum.
• Gemstone Suppliers: Businesses dealing in raw and polished precious gems.

RAPYD SOLVES PAYMENTS—ONCE AND FOR ALL BUSINESSES

Get everything your business needs to accept payments worldwide from a global leader. From merchant accounts, card acquiring, and online payment gateway to payouts and multi-currency business accounts, Rapyd makes money move.

• Accept Visa, Mastercard, and hundreds of alternative payment methods
• Boost authorisation rates with a direct, local card acquirer
• Send instant payouts worldwide
• Create virtual IBAN accounts

Work with a top-20 Visa acquirer trusted by 250,000+ businesses globally.

GET STARTED