Understanding MCC 7623
A Merchant Category Code (MCC) is a four-digit number used by payment processors to classify a business based on the goods or services it provides. These codes, defined by the International Organization for Standardization (ISO), are universally recognized by most card issuers.
MCC 7922 is assigned to businesses classified under air conditioning and refrigeration repair services. MCCs are critical for identifying transactions and can significantly impact financial reporting and business operations.
What Businesses Are Included in MCC 7623?
MCC 7623 covers merchants providing repair and alteration services for cooling systems.
Examples include:
- Air Conditioning Repair Shops: Businesses focused on diagnosing and fixing air conditioning units.
- Refrigeration Maintenance Services: Providers handling the upkeep and repair of refrigeration units, critical for both residential and commercial clients.
- Cooling System Troubleshooters: Experts in identifying and rectifying issues within all types of air conditioning and refrigeration systems.
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