MCC 7524 - Parking 
The Merchant Category Code (MCC) 7524 is designated for businesses involved in providing parking services. This MCC is primarily used to categorize transactions for parking facilities, which can range from garages, lots, and valet services. These services facilitate the safe and convenient store of vehicles in urban centers, airports, event venues, and other locations where parking demand is high.
Types of Services
- Parking Garages and Lots: Indoor or outdoor facilities offering short-term or long-term vehicle parking.
- Valet Services: Professional parking and retrieval of vehicles, often provided at hotels, restaurants, and event centers.
- PARKING Validation: Services where businesses compensate part or all of the parking cost incurred by customers visiting their premises.
- Airport Parking: Facilities offering daily or extended parking options for travelers.
Related MCCs
- MCC 4784: Toll and Bridge Fees: Covers transactions related to toll roads and bridges differing from parking but often found in similar transportation contexts.
- MCC 7512: Automobile Rental Agency: Covers car rental services that may include parking as part of rental agreements or operations, but the focus is on vehicle rental.
- MCC 5541: Service Stations (with or without Ancillary Services): Related to vehicle services like fueling, but distinct from dedicated parking facilities.
FAQs
- What types of transactions are processed under MCC 7524?
- Transactions processed under MCC 7524 typically include charges related to parking services such as parking fees at a garage, valet services, or self-parking at an event. - Can MCC 7524 be used for temporary events?
- Yes, if a temporary event sets up a designated parking area where fees are charged, such transactions can fall under MCC 7524. - Is using this MCC beneficial for businesses financially?
- Categorizing transactions correctly using MCC 7524 helps businesses streamline their payment processing operations and ensures compliance with financial reporting and tax deductions. - How can customers dispute parking charges listed under MCC 7524?
- Customers should contact the business providing the service or their payment card issuer to dispute any unauthorized or incorrect charges.
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