Understanding MCC 5997: Electric Razor Stores – Sales and 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) 5997 identifies businesses primarily involved in the sales and service of electric razors. This classification impacts interchange fees, fraud detection, and rewards. MCC codes are critical for properly categorising transactions, and understanding merchant category codes helps ensure proper financial reporting.
What Types of Businesses Fall Under MCC 5997?
MCC 5997 covers businesses dedicated to electric razor products and associated services.
These include:
- Electric Razor Retailers: Shops that sell electric razors for personal grooming.
- Repair Services: Businesses offering maintenance and repair for electric razors.
- Grooming Equipment Distributors: Firms that specialise in the distribution of electric grooming tools.
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