MCC 9950 - In-company purchases

The Merchant Category Code 9950, often referred to as "In-company purchases," is utilized for documenting transactions within a company’s operations. This MCC covers expenses that occur internally, such as purchases made within a corporate setting like cafeterias, supply rooms, or any in-house services provided to employees. Its primary purpose is to streamline accounting and manage internal spending efficiently.

Types of Services

• Employee Cafeteria Purchases: Transactions related to food and beverage services operated within a company's premises.
• Supply Room Items: Procurement of office supplies or other materials used internally by employees.
• In-House Printing: Costs associated with printing services provided internally by the company's own resources.
• Facility Use Fees: Charges for using in-company resources like meeting rooms or event spaces for internal purposes.

Related MCCs

• MCC 7311: Advertising Services: While both involve company operations, MCC 7311 specifically covers external advertising services rather than internal purchases.
• MCC 7399: Business Services, Not Elsewhere Classified: This is a broader category that can include a variety of business services, unlike 9950 which is focused on internal procurements.

FAQs

• What does MCC 9950 cover?
  - MCC 9950 is used for transactions related to in-company purchases, such as services or goods offered internally within a business setup.
• Can MCC 9950 be used for external purchases?
  - No, it is specifically for internal purchases and services within the confines of a company.
• Why is this MCC important for businesses?
  - It helps streamline internal spending, making it easier to track and manage company expenses on resources available internally.

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MCC Categories

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