Overview
MCC 1520 covers general building contractors engaged in the construction, renovation, and remodelling of residential and commercial properties. These merchants typically serve as primary contractors coordinating subcontractors across multiple trades.
Transaction Profile
High value, low frequency, staged payments common, card-not-present for deposits, significant advance payment exposure
Card Network Notes
Standard interchange applies. Acquirers should monitor advance payment ratios and ensure merchant holds appropriate licensing and insurance.
Risk & Compliance
Medium risk due to high transaction values and extended delivery timelines. Chargebacks can arise from project disputes, delayed completion, or contractor insolvency. Advance payment structures create exposure for acquirers. Licensing requirements vary by jurisdiction.