MCC 8999 - Professional services 
The Merchant Category Code (MCC) 8999 is designated for "Professional Services," encompassing a broad spectrum of businesses offering specialized expertise or consulting to clients. This category is pivotal in enabling professionals across various industries to provide their knowledge-based services, ranging from legal advice to IT consulting, to a wide client base. The primary purpose of MCC 8999 is to classify transactions related to these advisory and specialized service businesses, enabling easier tracking and regulation within the payment systems.
Types of Services
- Consulting Services: Businesses offering management, marketing, financial, or IT consulting services.
- Legal Advisory: Practices providing legal counsel and representation.
- Accounting and Auditing: Firms specializing in accounting services, including audits and financial analysis.
- Engineering and Architectural Services: Consultancies engaged in civil engineering, structural design, or architectural planning.
- Scientific Research: Organizations conducting research and development in scientific fields.
Related MCCs
- MCC 8931: Accounting, Auditing, and Bookkeeping: Specifically for firms focusing on accounting-related services.
- MCC 8911: Engineering and Architectural Services: Targets entities providing engineering and architectural design and consultancy.
- MCC 8220: Colleges, Universities, and Professional Schools: For institutions providing higher education and specialized training programs.
FAQs
- What types of transactions are typically categorized under MCC 8999?
- Transactions involving professional services such as consulting, legal, and financial advisories. - Can physical goods sales fall under MCC 8999?
- Generally, MCC 8999 is not used for the sale of physical goods; it is reserved for services. - How does MCC 8999 benefit businesses?
- It helps businesses in tracking and categorizing their expenses related to professional services, simplifying accounting and reporting. - Are there restrictions on the businesses that can use MCC 8999?
- It is typically used by entities providing professional or advisory services, not for those involved in retail or manufacturing.
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