MCC 6012
Financial Services and Debt Repayment
MCC 6012 covers bank services, loans and debt repayment. Card networks list it as “Financial Institutions – Merchandise, Services, and Debt Repayment”.
Card schemes and acquirers treat this category as high risk. Expect enhanced due diligence, higher fees and rolling reserves, and in many cases card scheme registration.
Related categories include MCC 6010 for manual cash withdrawals, MCC 6011 for ATM withdrawals, and MCC 7277 for counseling services.