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) 3418 is specifically designated for businesses involved in car rental services. This code categorizes establishments that offer vehicles for temporary use, such as daily or weekly rentals, often including a range of vehicles from economy cars to luxury models. MCC 3418 is used by payment processors and financial institutions to classify transactions related to car rentals, helping to determine interchange rates, assess risk, and provide relevant data for tax reporting purposes. This code is essential for businesses in the transportation industry, ensuring accurate and efficient processing of rental transactions.