Payment Pricing is committed to bringing you the latest information on all your payment processing questions. Our aim is to save your business money, with every transaction.
The Merchant Category Code (MCC) 3403 is specifically designated for businesses that deal with second-hand items and antiques. This code categorizes merchants who engage in the sale, repair, and restoration of vintage goods, including collectibles, furniture, and other unique items. The MCC 3403 helps payment processors and card issuers accurately classify transactions related to these businesses, facilitating efficient processing and potentially influencing interchange rates and fraud protection measures. This classification is crucial for both tax reporting and transaction management purposes, ensuring that businesses in this category are properly identified and regulated within the payment ecosystem.