Overview
MCC 6211 covers brokerages and securities dealers that accept card payments for account funding, trading fees, and investment product purchases. This includes traditional stockbrokers, online trading platforms, and investment management firms.
Transaction Profile
Mid to high value, moderate frequency, predominantly CNP, account funding transactions, recurring subscriptions
Card Network Notes
Visa and Mastercard treat this as a restricted category. Enhanced due diligence and ongoing monitoring required. Some card issuers apply blanket declines. 3DS authentication strongly recommended.
Risk & Compliance
Risk is high. Securities trading carries elevated chargeback risk due to investment losses and buyer's remorse. Regulatory requirements are extensive, including FCA authorisation in the UK and SEC/FINRA registration in the US. Networks require specialist acquirer approval and enhanced monitoring.