Merchandise and Services: Customer Financial

transaction indicator in the authorization request and special condition indicator 7 in the clearing record. All other transactions at the same Merchant location must use the appropriate MCC for those transactions. Merchant Purchases of NFTs can and often do occur in fiat currency, and as such do not require the use of the cryptocurrency Special Condition Indicator of 7 unless the Visa transaction actually represents the purchase of the cryptocurrency that is immediately used to purchase the NFT. - Money Transfer Merchants classified with this MCC allow customers to transfer funds via an electronic funds transfer / wire transfer / remittance (both card-present and card-absent locations including on the premises of the Merchant and third-party agents such as casinos, truck stops, or check-cashing storefronts) or via an original credit transaction (e.g., via Visa Direct or Person to Person [P2P] payments). - Different businesses in one location A Merchant must assign different MCCs to different businesses on the same premises if all of the following apply: • There are distinct areas in the location for each business. • Each has its business name / type clearly shown to customers. • Each business has its own points of sale. Examples would include a nightclub and restaurant owned by the same company in separate, but adjacent areas; a coffee shop inside a supermarket, with its own branding and payment system; a restaurant inside a hotel that is in its own separate area and has its own name, branding, and payment system. - An electronic commerce site with a link to a different website A Merchant that links from its own ecommerce website to another website must use the appropriate MCC for each website. Where a merchant operates multiple electronic commerce websites (URLs), each offering distinct goods or services, each website must be assigned the Merchant Category Code (MCC) that most accurately reflects the business activity conducted on that site. This requirement applies regardless of whether the websites are linked from a common parent site or operated under the same merchant entity. - Payment Facilitator: A payment facilitator is a third party. Accordingly, it must evaluate the business of every sponsored Merchant and assign the MCC most appropriate to the sponsored Merchant’s business. - Gambling In a card-present environment, a Merchant that conducts gambling transactions must use MCC 7995 (Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, Wagers at Race tracks and games of chance to win prizes of monetary value) for those transactions. If the Merchant also sells other goods or services, it must use the appropriate MCC for the other services. • Card-absent environment: If the Merchant conducts online gambling transactions, however, it must use MCC 7995 for all transactions, even if gambling is not the Merchant’s primary business. • US Merchants: Lottery and gambling transactions that qualify for MCC 7800, 7801 and/or 7802 must use the applicable MCC for all transactions even if gambling is not the Merchant’s primary business. If the Merchant also sells other goods or services, it must use the appropriate MCC for the other services. - Multiple lines of business, one or more of which is considered “high integrity risk” A Merchant that has multiple lines of business in the same location must assign a high integrity risk MCC to the line of business that is considered high integrity risk and another MCC to other businesses that are not considered high integrity risk. Current high integrity risk MCCs are: For all Card-Absent transactions using the following MCCs: • 5122 (Drugs, Drug Proprietaries, Druggist Sundries) • 5912 (Drug Stores, Pharmacies) • 5966 (Direct Marketing - Outbound Telemarketing Merchants • 5967 (Adult Content and Services) • 5993 (Cigar Stores and Stands) • 7273 (Dating and Escort Services) • 7995 (Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, Wagers at Race tracks and games of chance to win prizes of monetary value) For certain Card-Absent Transactions using the following MCCs: • 4816 (Computer Network/Information Services), for the sale of access to cyber lockers or remote digital file-sharing services • 6211 High Integrity Risk Financial Trading Platforms (card absent) • 5968 Subscription “Negative Option” Merchants (card absent) • 5816 (Digital Goods - Games), for Transactions involving skilled game wagering (for example: daily fantasy sports) • 6051 and 6012 Crypto Merchants: exchanges, wallet providers or on-ramp providers (card absent) with transactions required to use Special Condition Code 7 1 In the AP Region, Canada Region, CEMEA Region, Europe Region, LAC Region: Applies only if the Merchant conducts transactions other than domestic transactions - Non-Fiat Currency Acquisitions Acquisitions of non-fiat currency (example: cryptocurrency) must use MCC 4829, 6012, 6051, or 6540 as applicable. They must also contain the applicable special condition indicator, depending on the type of non- fiat currency being acquired, in the authorization message and in the clearing record. Purchases of NFTs require the use of the cryptocurrency special indicator (4). - Ramp Provider A Ramp Provider is a third party. Accordingly, it must evaluate the business of every Conversion Affiliate and assign the MCC most appropriate to the Conversion Affiliate’s business. Optional Multiple MCCs If a Merchant or marketplace sells more than one type of merchandise or has more than one line of business, it must use the MCC that best describes the business with the highest sales volume (measured in local currency) to process all Visa sales. The acquirer and the Merchant may determine that an additional MCC and Merchant or marketplace identifier is appropriate for each different line of business. A Marketplace that sells multiple lines of goods may use MCC 5262 (Marketplaces). Visa strongly recommends that the MCCs assigned to Merchants are reviewed periodically to ensure accuracy in order to limit potential compliance complaints Examples of Multiple MCCs Example One: A Merchant sells books, stationery, and newspapers, and also has a music CD department. Book sales make up the majority of the Merchant’s business, so the correct MCC is 5942 (Book Stores). Example Two: A Merchant operates a restaurant and nightclub. In the restaurant, which is upstairs, customers are served dinner; the nightclub, which is downstairs, charges a cover and serves drinks. Each floor has its own business name on the door, and they have separate places to pay and separate acceptance devices. The Merchant must use two Taverns, Cocktail Lounges, Nightclubs, and Discotheques). Example Three: A Merchant operates a beauty salon that sells hair products in the front of its store, and a day spa in the rear of the building. Both businesses use the same DBA name, and both operate using the same acceptance device near the front door of the shop. Initially, the salon did the majority of the business, using MCC 7230 (Beauty and Barber Shops). Recently, the spa has generated more in sales, and the potential for growth is apparent. For this business, the Merchant now has two choices: • Change MCC to reflect the change in business and use 7298 (Health and Beauty Spas) as the only MCC • Continue to use 7230 (Beauty and Barber Shops) for the salon, and use a separate acceptance device for the spa, using 7298 (Health and Beauty Spas). If the spa uses its own name and starts using its own acceptance device, the Merchant must use both MCCs. Example Four: A local county government office allows community members to pay property taxes with a Visa card, using MCC the purchase of merchandise or services or the Financial Institution Cash Disbursements includes banks, savings and loans, thrifts, and credit Institutions - Automated Cash Disbursements financial products, or promotional merchandise, Credit Unions - Financial deposits, the funding of an account, the purchase or Institutions - reload of a stored value card, the purchase of foreign Merchandise, Services currency, Liquid and Cryptocurrency Assets (for Deposits - Financial example: cryptocurrency), money orders (a Institutions negotiable paper-based remittance - not a Money Transfer), travelers cheques, and loan fees or Merchandise, Services - financial counseling service fees. This MCC must also Financial Institutions be used for the repayment of a debt, loan, or credit Mortgage Companies - card balance by a cardholder to the financial Financial Institutions institution. Purchase of Foreign currency Liquid and A Financial Institution that sells Liquid and Cryptocurrency Assets Cryptocurrency Assets such as cryptocurrency must (for example, include all required data in the authorization request cryptocurrency), money and clearing record. orders (Not Money Transfer) and Travelers Cheques - Financial Institution Loan Payments - Financial Institution MCC Savings and Loans - Financial Institutions - Merchandise, Services Services - Banks, Credit Unions, Financial Institutions (Non-Cash) Stored Value Card