Understanding MCC 5978: Typewriter Stores – Sales, Rental, Service
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) 5978 pertains to transactions involving typewriter stores, whether they are selling, renting, or servicing these machines. Understanding merchant category codes helps ensure proper financial reporting and compliance.
What Types of Businesses Fall Under MCC 5978?
MCC 5978 specifically identifies businesses engaged in various aspects related to typewriters.
These include:
- Typewriter Sales Stores: Establishments that primarily sell typewriters.
- Typewriter Rental Services: Businesses offering typewriters for lease.
- Typewriter Repair and Service: Shops focusing on maintaining and repairing typewriters.
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