Understanding Merchant Category Code (MCC) 7994: Video Games and Arcades

What Is MCC 7994?

Merchant Category Code (MCC) 7994 is assigned to businesses that operate video game arcades and other similar entertainment establishments. This specific MCC is used by payment processors to categorise transactions for businesses that provide video game machines and arcade games, ensuring that these businesses are accurately classified for payment processing and reporting purposes.

Types of Businesses Under MCC 7994

Businesses that typically fall under MCC 7994 include:

• Video Game Arcades: Establishments that offer a variety of arcade games, pinball machines, and other coin-operated games.
• Amusement Centres: Locations that provide interactive games and entertainment, often including activities like skeeball, air hockey, and dance machines.
• Internet Cafes: Venues that offer gaming services alongside internet access, allowing customers to play online games and engage in digital activities.
• Family Entertainment Centres: Facilities that combine arcade games with other attractions such as mini-golf, laser tag, and bumper cars.

Importance of MCC 7994 for Merchants

Understanding and properly using MCC 7994 is crucial for merchants in the gaming and arcade industry. Here are several key reasons why:

• Accurate Transaction Categorisation: Using the correct MCC ensures that transactions are correctly categorised, which can impact merchant fees and rates. It also helps in maintaining accurate financial records, making it easier to analyse business performance and plan for future growth.

• Compliance with Payment Regulations: By correctly categorising your business under MCC 7994, you ensure compliance with the regulations set by card networks and financial institutions. This is particularly important for businesses that operate in high-risk industries, where proper categorisation can prevent potential issues with payment processing and regulatory compliance.
• Improved Fraud Protection: Accurate MCC assignment can help payment processors and financial institutions to monitor transactions more effectively, thereby reducing the risk of fraud. For businesses in the video game and arcade industry, where large volumes of small transactions are common, robust fraud protection is essential to maintain trust with customers and financial partners.

How Rapyd Supports MCC 7994 Merchants

Rapyd provides comprehensive support for merchants operating under MCC 7994, offering solutions that simplify payment processing and enhance operational efficiency. Here’s how Rapyd can help:

• Local and Global Payment Acceptance: Rapyd enables merchants to accept a wide range of payment methods, both locally and globally. This includes credit and debit cards, alternative payment methods, and digital wallets.
• Advanced Security Features: With built-in fraud protection, PSD2 compliance, and Level 1 PCI DSS 3.2 certification, Rapyd ensures that your transactions are secure and compliant with industry standards.
• Transparent Pricing: Rapyd offers clear and affordable pricing with no hidden fees, allowing you to manage costs effectively and maximise profitability.
• Localised Checkout: Optimise your checkout experience with language, currency, and payment method options, tailored to your customer’s preferences.
• Multi-Currency Acceptance and Settlement: Accept payments in over 120 currencies and settle in your preferred currency, streamlining international transactions and reducing conversion costs.