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MCC 5972 - Philatelicism

mcc 5972

The Merchant Category Code (MCC) 5972, known as “Philatelicism,” pertains to businesses primarily engaged in the selling of stamps and other philatelic supplies. This MCC is especially relevant for collectors and hobbyists who purchase collectible stamps, envelopes, and other related items.

Category: Miscellaneous Stores

Types of Services

  • Stamp Retailers: Businesses that sell new and collectible stamps for philatelists.
  • Philatelic Supplies: Transactions involving the sale of items like stamp albums, mounts, and catalogues.
  • Appraisal Services: Businesses providing valuation services for stamp collections and individual rare stamps.
  • Philatelic Auctions: Organizations conducting auctions for rare and valuable stamps and collections.

Related MCCs

  • MCC 5942: Book Stores: Includes stores that may sell stamp catalogues but are primarily focused on books.
  • MCC 5999: Miscellaneous Specialty Retail: Covers retailers with a unique specialty product lineup, not limited to stamps.

FAQs

  • What types of transactions are covered under MCC 5972?
    - This MCC covers transactions primarily related to the purchase of stamps, philatelic supplies, and associated collectibles.
  • Are philatelic auction transactions included in MCC 5972?
    - Yes, auctions dedicated to stamp collections fall under this MCC.
  • Can a bookstore be classified under MCC 5972 if it sells stamps?
    - No, unless the primary business focus is philatelicism, a bookstore would generally be categorized under MCC 5942.

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