Understanding Merchant Category Code 5945: Hobby, Toy, and Game Shops
Merchant Category Codes (MCCs) are four-digit numbers that classify businesses according to their main goods or services. Credit card companies and banks utilise these codes to set interchange fees and track transaction types.
Merchant Category Code (MCC) 5945 is assigned to businesses primarily engaged in the retail of hobbies, toys, and games. This unique identifier is crucial for processing transactions correctly and offers insights into spending habits. Understanding merchant category codes facilitates better transaction reporting and optimises business strategies.
What Types of Businesses Fall Under MCC 5945: Hobby, Toy, and Game Shops?
Businesses under 5945 include:
- Hobby Shops: Retailers specialising in model kits, collectibles, and other crafting hobbies.
- Toy Stores: Businesses selling toys and games for children of all ages.
- Game Shops: Retailers focused on board games, video games, and game accessories.
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