MCC 9700 - Cashback

Merchant Category Code 9700, designated for "Cashback" transactions, serves a unique purpose in the payment processing ecosystem. This code is specifically used for transactions where a customer receives cashback when using a debit card at retail establishments. Unlike traditional purchase transactions, this MCC serves the financial institutions by distinguishing transactions that include a cashback component from standard retail purchases. The prime environments where MCC 9700 is utilized include supermarkets, pharmacies, and convenience stores, where customers frequently request cashback while making purchases.

Types of Services

• Supermarkets and Grocery Stores: These locations often offer the convenience of cashback to customers using debit cards.
• Pharmacies: Many pharmacies allow customers to request cashback during checkout for easy access to cash.
• Convenience Stores: Known for their accessibility, these stores often provide cashback services for small amounts.

Related MCCs

• MCC 5411: Grocery Stores & Supermarkets: Focuses on the retail sale of groceries but may overlap with MCC 9700 when offering cashback.
• MCC 5912: Drug Stores: This covers businesses selling pharmaceutical products, including those offering cashback.
• MCC 5499: Convenience Stores: While focused on selling everyday items, this MCC may include cashback services.

FAQs

• What is MCC 9700 used for?
  - MCC 9700 is used for transactions that include a cashback component, distinguishing them from standard purchases.
• Can all merchants offer cashback services?
  - Not all merchants can provide cashback services; it typically depends on their relationship with payment processing networks and their business type.
• Does using MCC 9700 affect transaction fees?
  - The usage of MCC 9700 may affect transaction fees depending on the merchant agreement with their payment processor.

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