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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