Categories: UncategorizedInsights

What is MCC 9701: Visa Credential Service (For Visa Only)

Merchant Category Code (MCC) 9701 classifies transactions for Visa Credential Services. These services are unique arrangements sanctioned by Visa to enhance and verify secure payment credentials.

What Is MCC 9701: Visa Credential Service (For Visa Only)

MCC 9701 covers Visa-specific credential services integral for payments security and authenticity. Merchant Category Codes (MCCs) are crucial as they help organisations categorise their transactions accurately, aiding in better financial reporting and compliance.

Businesses Included Under MCC 9701

Recognising the types of businesses that fall under MCC 9701 helps merchants streamline their operations and payment processing. This code is primarily associated with institutions that offer Visa credentialing services. These entities ensure the validation and issuance of Visa credentials, pre-eminently used for confirming transaction authenticity and data security.

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