What is MCC 5074?
The Merchant Category Code (MCC) 5074 is specifically designated for businesses that specialize in plumbing and heating equipment and supplies. This code is used by payment brands to identify and differentiate merchants engaged in the sale, installation, and maintenance of plumbing and heating systems, including fixtures, appliances, and related accessories. Properly assigning this MCC code is crucial for merchants as it can influence processing rates and ensure compliance with industry-specific regulations, ultimately streamlining transactions and reducing the risk of improper classification fees.
What category is MCC 5074?
The Merchant Category Code 5074 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 5074 IRS Reportable?
No, according to the IRS under section 1.6041-3(c), the MCC Code 5074 is not IRS reportable
What is the Merchant Category Code for Plumbing, Heating Equipment, and Supplies?
The Merchant Category Code for Plumbing, Heating Equipment, and Supplies is 5074. It belongs to the Retail Outlet Services category.
