Understanding MCC 5131: Piece Goods, Notions, and Other Dry Goods
Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally accepted by most card-issuing organisations.
MCC 5131 encompasses businesses that sell fabrics, sewing supplies, and dry goods. Understanding merchant category codes helps improve financial reporting.
Businesses Under MCC 5131
Merchant Category Code (MCC) 5131 identifies businesses dealing primarily with piece goods, notions, and a variety of dry goods.
Examples Include:
- Fabric Stores: Retailers specialising in the sale of fabrics.
- Notions Shops: Vendors offering sewing supplies like threads, buttons, and zippers.
- Craft Supply Outlets: Stores featuring various dry goods essential for crafting.
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