Overview
MCC 5094 covers wholesale distributors and dealers of precious metals (gold, silver, platinum), gemstones, diamonds, watches, and jewellery supplying retail jewellers, manufacturers, and trade buyers.
Transaction Profile
High value, moderate frequency, B2B dominant, significant individual transaction values, wire transfer still common alongside card payments
Card Network Notes
Standard interchange applies. Enhanced fraud screening recommended for high-value precious goods transactions. Some issuers apply additional scrutiny.
Risk & Compliance
Medium risk. High-value, portable goods create fraud and chargeback exposure. Commodity price volatility can affect transaction values. AML considerations apply to precious metals trading. Trade-specific authentication and documentation are important.