What Is MCC 7021: Timeshares?
Merchant Category Code (MCC) 7021 classifies payments linked to businesses involved with timeshare properties. This classification allows payment providers and processors to recognise the nature of these transactions, enabling accurate transaction categorisation.
Businesses Under Merchant Category Code 7021
MCC 7021 designates businesses that specialise in timeshare-related services, such as selling, renting, and managing timeshared vacation properties.
Examples of Businesses Under MCC 7021 Include:
- Timeshare Resorts: Destinations offering vacation properties on a share-basis.
- Timeshare Renting Services: Agencies providing rental services for weekly or monthly stays.
- Timeshare Management Companies: Entities that oversee the operation, maintenance, and exchange of timeshare properties.
If you want to understand more about MCCs and their importance to your business, learn more here.
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