OC Merchant Solutions works with many businesses that are classified as an “Emerging Market” businesses by the Card Associations. This means that these businesses are eligible to receive reduced Interchange rates from Visa, and MasterCard.
Some of the industries that are considered Emerging Markets are Utilities, Government, Cable Companies, Schools, Insurance, Telecommunications, and some Charitable Organizations. When setting up your account, we are sure to use the correct Merchant Category Code (MCC) for your business to identify you as an Emerging Market business. This ensures that you aren’t paying more for your processing fees than you should be.
Tags: merchant faqs
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