MCC 7631 - Repair of watches and jewelry 
The Merchant Category Code (MCC) 7631 is designated for businesses involved in the repair of watches and jewelry. This MCC is primarily used to categorize establishments specializing in restoring and repairing timepieces, jewelry items, and related accessories. These businesses often employ skilled artisans and technicians with expertise in handling intricate components and valuable materials.
Types of Services
- Watch Repair: Companies that offer services like battery replacement, strap adjustment, mechanical repairs, and crystal replacement for various types of watches, including luxury and vintage models.
- Jewelry Repair: Services include resizing rings, redesigning old jewelry, fixing broken clasps, and polishing or cleaning precious metals and stones.
- Restoration Services: Businesses may also provide extensive restoration work for heirloom pieces, ensuring their historical and sentimental value is preserved or enhanced.
Related MCCs
- MCC 5944: Jewelry Stores: Covers retail outlets specializing in selling new jewelry pieces and watches but not focused on repair services.
- MCC 7297: Repair Shops and Related Services: A broader category including various non-automotive repair services but not limited to jewelry and watches.
- MCC 763: Repair Shops and Related Services-Miscellaneous: Encompasses a range of repair services not specifically tailored to watches and jewelry.
FAQs
- What businesses fall under MCC 7631?
- Businesses primarily engaged in the repair and maintenance of watches, jewelry, and related items. - Are sales of watches and jewelry included in MCC 7631?
- No, sales are categorized under different MCCs, such as MCC 5944 for jewelry stores. - Why is MCC 7631 important for merchants?
- It helps in correctly categorizing transactions for card networks and can impact the fee structures merchants incur.
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