MCC 7523: Parking Lots, Parking Meters, and Garages
MCC 7523 is the merchant category code for parking lots, parking meters, and garages. Visa, Mastercard, Discover, and American Express assign it to businesses such as parking garages, parking apps, and valet services.
- Code
- 7523
- Category group
- Business Services
- Risk rating
- Standard risk
Which businesses use MCC 7523?
Acquiring banks assign MCC 7523 to merchants whose primary line of business is parking lots, parking meters, and garages. Common examples include:
- Parking garages
- Parking apps
- Valet services
Is MCC 7523 considered high risk?
Most acquirers approve this MCC with standard underwriting, no rolling reserve, and access to the lowest interchange categories.
How does MCC 7523 affect processing fees?
MCC 7523 determines which interchange category Visa and Mastercard apply to each transaction. Codes in the business services range share interchange programs, so two merchants with the same card mix but different MCCs can pay different wholesale rates.
Frequently asked questions
What does MCC 7523 mean?
MCC 7523 is the merchant category code for Parking Lots, Parking Meters, and Garages. Card networks use it to classify transactions from businesses such as parking garages, parking apps, and valet services.
Is MCC 7523 high risk?
MCC 7523 is generally rated standard risk. Most acquirers approve this MCC with standard underwriting, no rolling reserve, and access to the lowest interchange categories.
Can a business change its MCC from 7523?
A business can request a different MCC through its acquiring bank. The acquirer reviews what the business actually sells and reassigns the code only if 7523 does not describe the primary line of business.