MCC 7011: Hotels & Lodging (Description and Payment Processing Impact)
The United States hotel market size is estimated at $263.21 billion. Most of these companies will be assigned merchant category code (MCC) 7011. Because hospitality transactions involve cancellations, advance bookings, incremental adjustments, and no-show charges, they require specific types of payment processing services. The MCC 7011 (hotels) classification has a direct impact on interchange rates, […]
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How to Register a Company in the US: The Complete Step-by-Step Guide I Wish I Had When Starting Out
You’re about to open a business, and you’re full of excitement and hopes for the future. It’s a great time, for sure, but there are many boxes you need to tick. Don’t allow your excitement to cloud what really needs to be done! For instance, your first priority should be learning how to register a […]
Square Statistics: The Numbers Behind America’s Small Business Payment Revolution
If you’re a small business, you face a few more obstacles when it comes to payment processing compared to large organizations. That’s not to say you don’t have options, but many are designed for big corporations, or at least medium-sized businesses with far more employees. For many, that’s where Square comes into the equation. The […]
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