Overview
MCC 6050 covers quasi-cash transactions — card purchases of items that can be directly converted to cash, such as casino chips at bank-operated facilities, money orders, wire transfers, and stored value card loads processed by financial institutions.
Transaction Profile
Varied value, low frequency, card-present and CNP, cash-equivalent instruments
Card Network Notes
Visa and Mastercard classify quasi-cash as a restricted transaction type. Cash advance interchange and fees typically apply. Enhanced AML monitoring required.
Risk & Compliance
Risk is high. Quasi-cash transactions carry elevated fraud and money laundering risk due to the ease of converting purchased instruments to cash. Networks impose restrictions and enhanced monitoring on this MCC. Some issuers apply cash advance terms to transactions under this code.