MCC 7012 - Timeshares 
The Merchant Category Code (MCC) 7012 refers to Timeshares. This code is primarily assigned to businesses involved in the sale, management, or operation of timeshare properties. Timeshares typically involve vacation property ownership or usage divided among multiple parties, where each owner is allocated a specific time period for access. These arrangements are popular in the hospitality and travel industry, particularly in tourist destinations and resorts.
Types of Services
- Property Sales and Deeds: Businesses that manage the sale of timeshare properties, handling deeds and ownership documentation.
- Timeshare Exchanges: Services that enable owners to trade their allocated timeshare period at a specific property for time at different properties worldwide.
- Resort Management: Companies overseeing the maintenance, marketing, and general management of timeshare resorts, ensuring quality service for owners.
- Fractional Ownerships: Services that deal with fractional ownership models where ownership is divided among several individuals.
Related MCCs
- MCC 7011: Lodging - Hotels, Motels, Resorts: This code covers traditional lodging accommodations without the ownership or fractional models inherent in timeshares.
- MCC 7033: Campgrounds and Trailer Parks: Distinct from timeshares, these businesses provide space for short-term recreational vehicle parking or camping.
- MCC 7996: Amusement Parks, Circuses, Carnivals, and Fortune Tellers: Focuses on entertainment rather than accommodations or ownership services like timeshares.
FAQs
- What is a timeshare?
- A timeshare is a shared ownership model of a vacation property, which allows multiple parties to hold rights to use the property for a specific period annually. - Why is the MCC 7012 important for businesses?
- MCC 7012 helps classify transactions related to timeshare businesses for clear tracking and analysis of spending in the travel sector. - How does a timeshare exchange work?
- It allows timeshare owners to trade their allotted time at their home property for time at different locations, typically through an exchange network.
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