MCC 7277 - Consultation 
The Merchant Category Code (MCC) 7277 pertains to businesses primarily focused on providing consultation services. This category encompasses a wide range of professions that offer expert advice, guidance, or planning in various domains. The core purpose of this MCC is to classify entities where consultation is the key service provided, including those in fields such as finance, management, technology, and more.
Types of Services
- Financial Advisory: Services related to personal financial planning, investment advice, and portfolio management.
- Management and Business Consulting: Expert guidance on business operations, strategy, and organizational development.
- IT and Technology Consulting: Guidance on information systems, software development, and cybersecurity measures.
- Legal Consultation: Services providing legal advice on specific matters without ongoing legal representation.
Related MCCs
- MCC 7379: Computer Maintenance, Repair, and Services: Focuses on technical support and repair services, differing from strategic IT consultation.
- MCC 8999: Professional Services (Not Elsewhere Classified): A broad category that may cover professionals outside specific consultation roles.
- MCC 8699: Membership Organizations: Encompasses membership-driven groups that can include advisory functions but generally focus on advocacy and community.
FAQs
- What defines a consultation service under MCC 7277?
- A consultation service under MCC 7277 is primarily defined by offering expert advice or strategic guidance specific to a client's needs in various fields like finance, management, or technology, without engaging in full implementation. - Are legal consultations covered under this MCC?
- Yes, but they typically focus on providing advice on specific legal matters rather than full representation in litigation or other legal processes. - Can businesses offering training programs be classified under this code?
- Generally, training-focused services might fall under different categories unless they specifically entail strategic advisory roles as part of the program.
MCC Categories
Agricultural Services Airlines Business Services Car rent Cars and vehicles Clothing stores Contract services Entertainment services Government Services Hotels / Resorts Mail / Telephone Sales Membership оrganizations Miscellaneous Stores Not categorized Personal services Professional services Repair services Retail Outlet Services Service provider Transportation Services Utility Services Wholesale suppliers and manufacturers