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.
**Merchant Category Code 8699: Membership Organizations**The Merchant Category Code (MCC) 8699 is specifically designated for membership organizations that do not fit into other predefined categories. This code encompasses a wide range of entities, including art councils, historical clubs, athletic associations, humane societies, and various personal interest organizations. It also includes travel clubs, farm bureaus, and other specialized groups that provide membership benefits to their members. Understanding and correctly assigning this MCC is crucial for businesses in these sectors, as it helps payment processors accurately categorize transactions, simplify invoicing and reporting, and enhance risk management and compliance. By using the MCC 8699, businesses can ensure they are accurately charged and compliant with industry standards, facilitating smoother financial operations and better decision-making.