MCC codes (Merchant Category Codes) are assigned to every merchant upon the approval of their merchant account application. As important as these codes are, they aren’t always readily apparent, leaving merchants in the dark. Each MCC code comes with varying
Inflation is a term used to describe an increase in the general level of prices for goods and services in an economy over time. This can be caused by a number of factors, including increases in the money supply or
Visa said Monday it will start using a new merchant category code for businesses that sell firearms. The new code will label online gun retailers more specifically, instead of the “general merchandise” category. “This change will allow us to monitor
While you’re building your small business, it can be challenging to get the financing you need. Then when you’re finally ready to scale up and grow your company, you realize a crucial element is still lacking: You need a way
Services like Stripe and PayPal make it easy for merchants to set up their checkouts and start selling. What you don’t know is that you’re probably in the 90% of e-commerce businesses considered high risk. Stripe doesn’t support businesses like
