Overview
MCC 5933 covers pawn shops and pawnbrokers providing short-term collateral-based loans against personal property, along with retail sales of unredeemed pledged items.
Transaction Profile
Low to mid value, moderate frequency, card-present dominant, mix of lending transactions and retail sales, ID verification required
Card Network Notes
Standard interchange applies. Pawn shops are classified as a restricted category by some networks. Enhanced due diligence is required by acquirers.
Risk & Compliance
High risk. Pawn transactions intersect with financial services regulation, consumer credit licensing, and stolen goods concerns. AML and KYC requirements apply. Regulatory scrutiny is significant in most jurisdictions.