Categories: UncategorizedInsights

What is Merchant Category Code 5997: Electric Razor Stores – Sales and Service)

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.

RAPYD SOLVES PAYMENTS—ONCE AND FOR ALL BUSINESSES

Get everything your business needs to accept payments worldwide from a global leader. From merchant accounts, card acquiring, and online payment gateway to payouts and multi-currency business accounts, Rapyd makes money move.

  • Accept Visa, Mastercard, and hundreds of alternative payment methods
  • Boost authorisation rates with a direct, local card acquirer
  • Send instant payouts worldwide
  • Create virtual IBAN accounts

Work with a top-20 Visa acquirer trusted by 250,000+ businesses globally.

GET STARTED

Mark Stiltner

Mark Stiltner is a finance and fintech writer. From educating independent investment advisors on retirement plan management to helping families maximize their savings to educating businesses on global payment preferences, Mark has spent over a decade researching and educating audiences on complex financial topics. Mark has been a contributing author on blog articles and educational content for the Bank of Colorado, Pinnacle Bank, TD Ameritrade, First Data and Rapyd.

This website uses cookies.

Read More