Hobby, Toy, and Game Shops

MCC 5945 Payment Processing Guide

Understanding MCC 5945 for hobby, toy, and game shops is essential for proper payment processing setup. This comprehensive guide covers everything you need to know about using this merchant category code.

What is MCC 5945?

MCC 5945 is designated for hobby, toy, and game shops. This merchant category code is classified as low risk by payment processors and is commonly used by businesses such as toy stores, hobby shops, game stores.

Key Features and Requirements

• Risk Classification: low risk level affects processing rates and requirements
• Business Types: Suitable for toy stores, hobby shops, game stores, craft stores
• Category: Part of the retail outlet services merchant category
• Processing Considerations: Low-risk with seasonal spikes during holidays. May experience high transaction volumes during peak toy-buying seasons.
• Typical Limits: Daily: $10,000 - $100,000, Per Transaction: $1,000 - $10,000

Compliance Requirements

• PCI DSS compliance for card data security
• Adherence to card brand rules and regulations
• Accurate transaction descriptors and coding

Fraud Prevention Best Practices

• Implement address verification (AVS) for all transactions
• Use CVV verification for card-not-present transactions
• Monitor for unusual transaction patterns
• Set appropriate transaction limits
• Review high-value transactions manually
• Keep customer communication records
• Use fraud detection tools provided by processor

Seasonal Business Patterns

Peak seasons typically include holiday shopping periods (November-December) and back-to-school season (August-September). Plan for increased transaction volumes and ensure adequate processing capacity.

Common Application Decline Reasons

Technical Integration Notes

Integration for MCC 5945 businesses typically involves standard payment gateway APIs. Point-of-sale (POS) system integration is common, with support for both card-present and card-not-present transactions. Ensure your integration supports proper transaction coding and includes all required fields for low-risk processing.

Benefits of Using MCC 5945

• Accurate Classification: Ensures your business is properly categorized for optimal processing
• Appropriate Rates: Access to competitive rates for your business type
• Compliance: Meets industry standards and payment network requirements
• Risk Management: Proper classification helps with fraud prevention and risk assessment

Getting Started with MCC 5945

To set up payment processing with MCC 5945, you'll need to work with a qualified payment processor who understands the requirements for hobby, toy, and game shops:

1. Documentation: Gather necessary business documentation and licenses
2. Application: Complete merchant account application with MCC 5945
3. Underwriting: Payment processor reviews your application and business model
4. Setup: Configure payment processing systems and integrate with your business
5. Testing: Test payment processing before going live