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) 4900 is specifically designated for utility services, including electric, gas, heating oil, sanitary, and water utilities. This code is used by payment brands like Visa and Mastercard to categorize businesses that provide essential services related to energy and water supply. By using MCC 4900, businesses can streamline their financial reporting, monitor their utility expenses, and potentially qualify for specific rewards or discounts offered by payment brands. This classification helps in efficient management of utility-related transactions and supports the accurate tracking of service purchases for both businesses and government agencies.