Why do Merchant Category Codes (MCC) Matter?
An MCC is a four digit code that categorizes your business into industries for card brands and payment providers.
Today just about anybody can start a business selling their products and services online. Better yet, buyers are already there. Eighty percent of Canadian consumers are shopping online yet only 17% of Canadian SMBs are selling online.
Why such a big difference? Thirty percent are worried about sliding customer service, 21% fear online fraud, and 19% lack the technological understanding.
The good news? In this e-book we’ve outlined everything you need to know about how to accept credit card payments online.
What happens behind the scenes is probably the hardest thing to grasp, we break it down into simple steps that will have you nodding your head.
Why do you even need a payment provider? You technically don’t, but your life will be much easier. Still have doubts? Read this section.
Before you sign up, even with us, you need to know the answers to these questions. It can be the difference to your businesses success.