MCC 4821 - Telegraph 
Merchant Category Code 4821 is designated for businesses and transactions related to telegraphic and money order services. This MCC primarily caters to financial institutions and service providers that offer telegraphic services, which involve the electronic transmission of messages or funds. Historically, telegraph services were essential for long-distance communication and money transfers, but today, this MCC includes digital money transfer services that play a crucial role in global financial transactions.
Types of Services
- Telegraphic Transfers: The electronic transmission of money using traditional telegraph networks.
- Money Order Services: Issuance of money orders facilitating secure payment transfers, often used as an alternative to checks.
- Digital Money Transfers: Modern services that allow consumers to send and receive money electronically across countries.
Related MCCs
- MCC 4829: Wire Transfer and Money Orders: Covers institutions offering a broader range of wire transfer services and financial remittance activities.
- MCC 6010: Financial Institutions - Manual Cash Disbursements: This MCC involves cash-related disbursement services provided by financial institutions.
FAQs
- What is the primary use of MCC 4821?
- It's used for businesses providing telegraphic services, money orders, and digital money transfer solutions. - Are digital transfers covered under this MCC?
- Yes, many digital money transfer services fall under this MCC as they align with the fundamental money transmission role. - How does MCC 4821 differ from MCC 4829?
- While both involve money transfers, MCC 4821 focuses on telegraphic and money order services, whereas MCC 4829 includes a wider array of wire transfer activities.
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