What is Merchant Category Code MCC 5947: Card Shops, Gift, Novelty, and Souvenir Shops

Understanding Merchant Category Code 5947

Merchant Category Codes (MCCs) are four-digit numbers that categorise businesses based on their primary goods or services. Credit card companies and banks use these codes to set interchange fees and track transaction types. They essentially tell the payment network what kind of business you’re dealing with.

Merchant Category Code (MCC) 5947 encompasses businesses primarily involved in the sale of cards, gifts, novelty items, and souvenirs. MCCs matter for your business as they help with transaction classifications and offer insights into business activities. Recognising an accurate MCC aids in maintaining compliance with financial institutions and payment processors.

What Types of Businesses Fall Under MCC 5947?

MCC 5947 is allocated to a diverse group of businesses offering memorable and decorative items.

These include:

• Card Shops: Specialising in greeting cards and stationery items.
• Gift Shops: Offering a wide range of themed gifts and seasonal goods.
• Novelty Stores: Stocking creative and humorous products that stand out.
• Souvenir Shops: Providing keepsakes and cultural memorabilia for tourists and locals alike.

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