INTRODUCTION

Merchant Category Code (MCC) is a four-digit number given to businesses by credit card networks based on the type of goods and services they provide.

It helps credit card companies and payment processors determine transaction fees, track down purchases, detect fraud and assist with accurate tax reporting.

Surepass GST to MCC API helps verify whether the GST number is matched with the accurate merchant or not. It provides accurate results as it provides data from authentic sources.

How Does GST To MCC API Work?

Input: Enter the GST Number in the API.

API Processing: API searches data from the authentic database and provides accurate Merchant category code.

Output: Get Merchant Category Code.

Use Cases

• Payment Gateway Integration: It helps in verifying GST numbers with MCC during onboarding to get surety in fee calculation and fraud prevention.
• Tax Compliance and Reporting: It provides the correct GST and MCC matching for accurate tax reporting and regulatory compliance.
• Banking and Financial Institutions: Our GST To MCC API helps banks verify and categorize business customers accurately for correct fee applications.

Benefits

• Accurate Classification: It ensures correct business categorization for proper transaction processing and compliance.
• Enhanced Process: Our API helps in reducing errors in payment processing by verifying GST and MCC alignment.
• Fraud Prevention: It prevents fraud by conforming to the accuracy of GST and MCC linkage.
• Efficiency: Automates verification, saving time and reducing manual checking.
• Instant results: Provide instant verification of GST and MCC matching.