MCC 5812: Restaurants & Eating Places (Description and Payment Processing Impact)

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Each year, more than $1.5 trillion is spent in the United States on vehicles and parts. Due to the high-value transactions, deposits, financing, and refund complexity involved, the MCC 5511 (automobile/cars) designation is considered moderate to elevated risk by payment processors. If your company falls under this code, understanding how to improve your account approval […]

If you run a travel-related business, you will be assigned a specific merchant category code known as MCC 4722. This code represents the specific risks and challenges associated with the travel industry. From how customers receive credit card rewards to the payment processing fees you pay, this code can affect all aspects of your payment […]

No matter what type of business you operate, payment failures are bound to happen. By being strategic about how you approach these failures, you can recuperate lost revenue. Failed transactions can lead to a higher churn rate, so companies need the right retry strategy to process these payments. With cascading payments, transactions can be distributed […]

With a standard payment processor, you can expect 99.9% uptime. This works out to 43 minutes of downtime or less each month. However, top-tier payment processors experience just five minutes of downtime each year. Even with the best processors, downtime can still happen. When a payment processor outage does occur, the costs can quickly add […]

Whenever a payment fails, a decline reason code is created that explains the exact failure reason. These codes can vary between payment processors, although many processors use the same ISO 8583 codes used by Visa and Mastercard.  As a merchant, understanding these codes is essential for authorization optimization. Once you understand why transactions are declined, […]