Overview
MCC 7012 covers timeshare and vacation ownership companies that sell fractional interests or right-to-use agreements for holiday properties. Card payments are accepted for deposits, maintenance fees, and in some cases purchase instalments.
Transaction Profile
High value, low frequency, card-present and CNP, deposit transactions, recurring maintenance fees
Card Network Notes
Networks classify timeshares as high-risk. Enhanced monitoring, chargeback ratio thresholds, and acquirer due diligence requirements apply. Some issuers may decline transactions.
Risk & Compliance
Risk is high. Timeshares generate elevated chargeback rates due to high-pressure sales tactics, buyer's remorse, and cancellation disputes. Consumer protection regulations in many jurisdictions provide extended cooling-off periods that create refund obligations.