What is MCC 5047?
The Merchant Category Code (MCC) 5047 is specifically designated for businesses that provide dental, laboratory, medical, and ophthalmic hospital equipment and supplies. This code encompasses a wide range of healthcare-related services and products, including dental instruments, medical equipment, laboratory supplies, and ophthalmic devices. Businesses operating under MCC 5047 are typically involved in the sale, rental, or service of specialized medical equipment, making them essential to the healthcare industry. By using this MCC, merchants can accurately categorize their business activities and facilitate smoother transactions with payment processors and financial institutions.
What category is MCC 5047?
The Merchant Category Code 5047 belongs to the Retail Outlet Services Category.
Retail Outlet Services encompass a wide range of businesses that provide goods and services directly to consumers. These establishments typically fall under the Merchant Category Code category and include retail stores, department stores, specialty shops, and convenience stores. Whether you're looking for clothing, electronics, home goods, or groceries, retail outlet services offer a convenient and accessible way to shop for all your needs. With a diverse selection of products and competitive pricing, these businesses cater to a variety of consumer preferences and budgets.
Is Merchant Category Code 5047 IRS Reportable?
No, according to the IRS under section 1.6041-3(c), the MCC Code 5047 is not IRS reportable
What is the Merchant Category Code for Medical, Dental, Ophthalmic, and Hospital Equipment and Supplies?
The Merchant Category Code for Medical, Dental, Ophthalmic, and Hospital Equipment and Supplies is 5047. It belongs to the Retail Outlet Services category.
