Surepass HSN to MCC API allows businesses to connect HSN codes to their corresponding Merchant Category Codes (MCC). This API provides accurate codes that help businesses categorize products or services based on standardized industry classifications. Instead of manually browsing complex documents, you can simply enter an HSN code, and the API will provide the corresponding MCC along with a confidence score and justification.

How does the HSN to MCC API work?

• Input: Enter the HSN Code (e.g., 8703)
• Output: Get corresponding MCC with confidence level and justification.

Use Cases

• Expense Management: Managing a large volume of transactions and assigning the right MCC is challenging. HSN to MCC API automates this process by identifying and assigning the correct merchant category to products for better expense reporting.
• Interchange Rate Determination: Determining applicable interchange rates requires the correct MCC for every transaction. With this API, businesses can dynamically get and populate MCCs based on HSN codes during payment processing. It minimizes errors and ensures every transaction meets requirements.
• Risk Monitoring: In financial services, monitoring transaction types is essential for safety. The API helps in standardizing merchant category assignment across all products. It ensures better fraud detection and reduces the risk of incorrect risk assessment and penalties.
• Audit and Regulatory Filings: Accurate merchant categories are required for various financial audits and regulatory reports. The API ensures the correct classification of goods and services. It helps businesses file reports accurately and avoid discrepancies or penalties.
• Tax and Pricing Engines: Certain tax treatments and pricing structures are linked to merchant categories. The API allows financial engines to automatically determine the correct treatment based on the identified codes. It helps in consistent business analytics.