Merchant Category definition

Merchant Category means the classification of each merchant establishment as determined by the acquiring bank based on the nature of merchant’s business, as defined by VISA/MasterCard. The Bank reserves the right to amend, increase or decrease the cash rebate earned through usage of the Card, privileges granted and/or manner of redemption at the Bank’s sole discretion.
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Merchant Category shall have the following meaning: The category on the Merchant Center into which said Merchant is placed. Except as expressly stated, nothing in this Agreement implies or grants to Merchant exclusivity of any kind within the Merchant Category or otherwise. Merchant will be placed into the following Merchant Category: Gourmet Food Online
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Merchant Category means the classification of each merchant establishment as determined by the acquiring bank based on the nature of merchant’s business, as defined by VISA/MasterCard.
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Examples of Merchant Category in a sentence

  • The high-risk transactions include, but are not limited to, any under Merchant Category Code 5967 – Direct Marketing – Inbound Telemarketing Merchants.

  • Merchant may not accept Card payments for products and/or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application, for which Merchant was approved.

  • American Express network Purchases must be made at merchants classified through the American Express network with a Merchant Category Code (“MCC”) that identifies them in the American Express network in the “grocery”, “dining”, “entertainment”, “gas”, “streaming service” or “transit” category.

  • Merchant may not accept Card payments for products or services delivered to Cardholder that are not directly applicable to the Merchant Category Code (MCC) entered on the Merchant Application for which Merchant was approved.

  • This protection is provided by the Visa Merchant Category system.

  • Enables ▇▇▇▇▇ to register for each cross-border Mobile Payment, the branch code, also called Merchant Category Code or MCC, of the Merchant.

  • The Customer may impose restrictions on all aspects of the use of a Card, including usage restriction to selected merchants based on Merchant Category Code Groups and adjustments to a Cardholder Account Credit Limit, so long as such restrictions comply with these Commercial Card Program Service Materials and Applicable Law.

  • We or a Primary Administrator may restrict transactions based on Merchant Category Code or Merchant ID.

  • The main business activity of a merchant and any card transaction performed at these merchants are classified under Merchant Category Codes (“MCCs”) assigned by Visa/Mastercard, which are determined by the merchant and the merchant’s acquiring bank.

  • Merchant Category Codes (MCCs) – numbers that classify businesses by what they sell or the service they provide.


More Definitions of Merchant Category

Merchant Category means the classification of each merchant establishment as determined by the acquiring bank based on the nature
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