What is Merchant Category Code MCC 6010: Financial Institutions – Manual Cash Disbursements

Understanding MCC 6010: Financial Institutions – Manual Cash Disbursements

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) 6010 is designed to classify businesses in the financial sector that specialise in manual cash disbursements. Understanding what MCC codes are is essential for businesses seeking to streamline payment processing and financial reporting.

Businesses under MCC 6010 

MCC 6010 covers financial institutions primarily engaged in disbursing cash manually, aiding in efficient payment categorisation.

This includes: 

• Banks and Savings Institutions: These are the primary institutions conducting manual cash disbursements.
• Credit Unions: Providing manual cash withdrawals as a part of their everyday operations.
• Insurance Companies with Financial Transaction Capabilities: Offering manual cash disbursement services to their clientele.
• Trust Companies: Facilitating manual distribution of funds.

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