MCC 6513 - Rental Property 
The Merchant Category Code (MCC) 6513 is designated for businesses involved with rental properties. It primarily covers transactions related to the leasing or renting of real estate, particularly residential and commercial properties. This MCC is essential for real estate professionals and companies offering properties for lease, ensuring seamless categorization in the payment systems used by banks and other financial institutions.
Types of Services
- Residential Leasing: Includes apartments, houses, and other living accommodations offered on a rental basis.
- Commercial Property: Encompasses retail spaces, office buildings, and industrial properties leased for business purposes.
- Property Management: Services associated with managing rental properties, including tenant services and maintenance.
Related MCCs
- MCC 7011: Lodging - Hotels, Motels, Resorts: This code is used for short-term lodging services as opposed to long-term residential leases.
- MCC 6531: Payment Transactions - Asset Management: While focused on financial transactions, this relates to the broader management of assets including properties.
FAQs
- Why is my property-related business categorized under MCC 6513?
- Your business is likely engaged in renting or leasing properties, which fits the description of this MCC. - Can this MCC include vacation rental properties?
- Typically, vacation rentals may fall under similar categories but are often separately coded due to their short-term nature. - How does MCC 6513 affect payment processing fees?
- This MCC impacts how payment processors calculate fees, which can depend on the risk and transaction volume associated with rental properties.
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