MCC 9701 - VISA 
The Merchant Category Code (MCC) 9701 is associated with transactions that are specifically reserved for the processing of Visa financial assessments, fees, and related services. Unlike typical merchant categories, this MCC is not used to classify retail or service-oriented businesses but is intended for Visa-specific fees and adjustments. Its primary purpose is to provide a standardized way to categorize these types of transactions across the payment network.
Types of Services
- Credit Card Network Services: Primarily involves transactions related to fees from Visa credit card network services.
- Transaction Adjustments: Used for adjustments or fees assessed by Visa to member financial institutions or related entities.
Related MCCs
- MCC 4829: Money Transfer - Visa: Used for services related to money transfer systems affiliated with Visa.
- MCC 6012: Financial Institutions - Merchandise and Services: Covers fees and services associated with financial institutions that offer Visa-related services but focus on broader banking services.
- MCC 6011: Financial Institutions - Manual Cash Disbursements: Involves cash-related transactions, often carried out under Visa networks, distinct from the fee assessments covered by MCC 9701.
FAQs
- What is MCC 9701 used for?
- MCC 9701 is used for classifying transactions that involve Visa-associated fees and financial assessments. - Is MCC 9701 used for retail purchases?
- No, MCC 9701 is specifically for Visa fee-related transactions, not retail or consumer purchases. - Who typically uses MCC 9701?
- Financial institutions and service providers involved in handling Visa network fees and assessments use MCC 9701.
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