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The Merchant Category Code (MCC) 5935 is specifically designated for **Wrecking and Salvage Yards**. This code categorizes businesses that specialize in the salvage and recycling of vehicles, machinery, and other equipment. It is used by credit card companies to classify transactions and determine interchange rates, which can impact the fees businesses pay for accepting credit and debit cards. Understanding and correctly assigning this MCC is crucial for businesses in the salvage industry to ensure accurate reporting, fraud protection, and optimal payment processing.
The Merchant Category Code 5935 belongs to the Miscellaneous Wholesale Category.
The Merchant Category Code for Wrecking and Salvage Yards is 5935. It belongs to the Miscellaneous Wholesale category.