MCC 7511 - Parking

MCC 7511, commonly referred to as "Parking," is primarily used for businesses in the parking industry. This MCC encompasses a variety of establishments that offer parking services to customers, such as garages, parking lots, and valet services. The main purpose of this code is to categorize and manage transactions for businesses that provide temporary vehicle storage in designated areas.

Types of Services

• Parking Lots and Garages: Facilities offering spaces for vehicle parking, either on an hourly, daily, or monthly basis.
• Valet Parking Services: Services where attendants park and retrieve customers' vehicles, typically found at hotels, airports, and restaurants.
• Covered/Underground Parking: Controlled-environment parking areas, often in urban centers or shopping complexes.
• Event Parking Services: Temporary parking services set up for events such as concerts, sports games, and exhibitions.

Related MCCs

• MCC 7523: Automobile Parking Lots and Garages: Similar to MCC 7511 but typically used for facilities providing long-term parking options.
• MCC 4784: Tolls and Bridge Fees: While also relating to vehicle use, this MCC covers payments for road tolls and bridge fees rather than temporary storage.

FAQs

• What types of businesses use MCC 7511?
  - Businesses providing parking services such as garages, lots, and valet services.
• Why is my transaction categorized under MCC 7511?
  - Transactions are typically categorized under this MCC when processed by businesses defined as providing parking-related services.
• How does MCC 7511 benefit parking businesses?
  - It provides a clear classification for processing transactions, aiding in business accounting and data tracking.
• Are residential garages included under MCC 7511?
  - No, MCC 7511 is mainly for commercial entities offering public parking services rather than private residential garages.

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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