MCC 7995 - Gambling 
MCC 7995 is designated for businesses engaged in gambling activities. This Merchant Category Code mainly encompasses establishments that offer various forms of betting and wagering, such as casinos, online gambling platforms, and sports betting operations. The primary purpose of this MCC is to facilitate the classification of transactions related to gambling, ensuring accurate processing and compliance with relevant regulations.
Types of Services
- Casinos: Both physical and online casinos fall under this MCC, offering games like poker, blackjack, roulette, and slot machines.
- Sports Betting: Includes platforms and establishments that allow wagering on sports events, whether through physical venues or online services.
- Lotteries: State-run lotteries and private lotto games that involve ticket purchases for entry into prize draws are categorized here.
- Racing Services: Horse and greyhound race tracks where bettors can place wagers are part of this category.
Related MCCs
- MCC 7800: Government-Owned Lotteries: Specifically used for state-run lottery services, distinct from private gambling operations.
- MCC 7801: Internet Gambling: Focuses on online wagering platforms, highlighting the digital aspect of the service.
- MCC 4814: Telecommunication Services Including Internet Access and Voice, Recreation: Covers services that may include internet access used by online gambling platforms.
FAQs
- What types of transactions are classified under MCC 7995?
- Transactions related to gambling activities, including casino games, sports betting, lotteries, and similar betting services. - Are online gambling transactions included in this MCC?
- Yes, online gambling transactions are typically included, although some might also fall under the more specific MCC 7801 for internet gambling. - How does MCC 7995 affect regulatory compliance?
- Businesses operating under this MCC must adhere to strict regulations regarding gambling, anti-money laundering (AML), and data security, depending on jurisdiction. - Is this MCC applicable to all countries?
- While MCC 7995 is commonly used, its applicability may vary by country, especially where gambling regulations differ.
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