MCC 8734 - Testing laboratories 
Merchant Category Code (MCC) 8734 is designated for businesses primarily involved in testing laboratories. These entities offer specialized services in analyzing, evaluating, and testing a variety of materials and products across numerous industries. Their primary purpose is to ensure safety, compliance, and quality standards are met. Companies in fields such as medicine, manufacturing, environmental science, and technology largely rely on these laboratories to validate the integrity and safety of their outputs.
Types of Services
- Environmental Testing: Services that involve analyzing air, water, and soil samples to check for pollutants and ensure compliance with environmental regulations.
- Medical Testing: Laboratories conducting blood tests, tissue analysis, and other medical diagnostics to support healthcare providers.
- Product Testing: Evaluation of consumer goods to ensure they meet safety standards and regulations before market release, such as electronics, food products, and pharmaceuticals.
- Industrial Materials Testing: Assessing the properties and performance of raw materials, including metals, plastics, and composites, used in manufacturing.
FAQs
- What types of businesses are eligible for MCC 8734?
- Businesses offering specialized testing and laboratory services, such as medical labs, product testing facilities, and environmental testing companies. - Why is this MCC important for businesses?
- It helps categorize financial transactions related to testing services for accurate reporting and compliance monitoring, which is vital for maintaining industry standards. - How does MCC 8734 benefit customers?
- Understanding this MCC allows customers to identify legitimate testing facilities ensuring products and services meet necessary safety and quality standards.
MCC Categories
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