MCC 7523 - Parking

The Merchant Category Code (MCC) 7523 is designated for businesses involved in providing parking services. This MCC is primarily used by companies that offer vehicular parking solutions, which include spaces, garages, or other facilities where vehicles can be parked. Businesses associated with this code cater to diverse needs, ranging from urban parking garages to airport parking lots, serving both short-term and long-term parking requirements.

Types of Services

• Urban Parking Facilities: These are strategic locations in city centers or metropolitan areas providing parking spaces for commuters and residents.
• Airport Parking: These facilities cater to travelers, offering extended parking options during travel periods.
• Event Parking: Temporary or permanent parking areas designated for events such as concerts, sports matches, or exhibitions.
• Valet Services: Some parking businesses include valet services, where cars are parked by an attendant for increased convenience.

Related MCCs

• MCC 7512: Automobile Rental: This code is for businesses that rent vehicles, differing from parking services but often found at similar locations.
• MCC 5541: Service Stations: While primarily focused on fuel, these establishments may include associated parking services.
• MCC 4784: Tolls and Bridge Fees: Used for transportation-related fees, separate from direct parking services, but linked through transportation infrastructure.

FAQs

• What is MCC 7523 primarily used for?
  - It is used for transactions related to parking services, covering a range of facilities like urban garages, airport lots, and event parking areas.
• Can a business have multiple MCCs?
  - Yes, businesses offering a variety of services might have transactions processed under different MCCs, depending on the service provided.
• Are parking meter payments categorized under MCC 7523?
  - In most cases, parking meters are indeed covered under this MCC if the system processes transactions digitally or via card payments.

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MCC Categories

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