Merchant category code value for gambling transactions
MCC codes can be used in some circumstances to determine interchange, such as Airlines and Petrol, but generally do not play a main role in this. As a result, the Issuing Bank that you are using can have a significant impact on the business you transact. Interchange mercuant the fee that is passed on to the Issuing Banks in recognition of their costs in operating card.
You may find that MasterCard and Visa use different merchant category codes for your business as their criteria can differ; so first identify whether you have a problem with both card companies, or just one. For example, is the online gambling code and gaming sites are blocked across the U. Interchange is the fee that is passed on to the Issuing Banks in recognition of their costs in operating card. This combined with the fraud rules that your payment gateway uses can enable you to reduce card declines without increasing your fraud risk. Soft declines are issues that may gamboing if retrying at a later date i. In our previous post Merchant Category Coding: Hard declines are issues that typically do not change i.
Travel and Entertainment (T&E) Merchant Category Codes to categorize, track and restrict transactions. MCCs can be used for .. Value Purchase–Member Financial Institution. TSYS . Gambling-Horse, Dog Racing, State Lottery. M. Non-Financial Institutions – Stored Value Card Purchase/Load Visa members must complete a Merchant Category Code (MCC) Request Form to If the merchant conducts online gambling transactions, however, it. MasterCard regulations formerly referred to merchant category codes as Standard Industrial. Classification codes. Transaction Category Code. TCC Merchant Category . A Value Rent-A-Car 1 .. U Betting – Including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Tracks 3.