MCC 5948 - Leather Products

The Merchant Category Code (MCC) 5948 is designated for businesses that primarily deal in leather products. This MCC encompasses entities that sell goods made from leather, such as shoes, handbags, belts, and other accessories. It is used by credit card networks to categorize transactions and is a key identifier in the payment processing ecosystem.

Types of Services

• Retail Leather Goods: Establishments that specialize in selling items like handbags, wallets, and belts directly to individual customers.
• Footwear Retailers: Businesses focused on selling leather shoes and boots, whether through physical stores or online platforms.
• Accessory Boutiques: Stores offering a range of leather accessories including luggage and leather apparel.

Related MCCs

• MCC 5691: Men’s and Women’s Clothing Stores: Focuses on retail clothing stores, which may carry leather apparel but are not exclusive to leather products.
• MCC 5950: Glassware/Crystal Stores: Deals with retail for glassware which, much like leather, fits within specific luxury or specialty product categories but focuses on different materials.
• MCC 5631: Women’s Accessory and Specialty Shops: Includes a broader range of fashion accessories, possibly encompassing leather items but not exclusively leather.

FAQs

• What types of businesses use MCC 5948?
  - Businesses that primarily sell leather products, such as shoes, bags, and accessories, commonly use this MCC.
• Why is MCC 5948 important for transactions?
  - It helps credit card companies categorize transactions for reporting and risk assessment purposes, which can affect fees and account management.
• Can a business have multiple MCCs?
  - Yes, if a business sells various types of goods, it may use different MCCs to categorize its transactions accurately.

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