Wondering if it's possible to block your employee from making payments at grocery stores or casinos? Sparados has a new option for creating spending categories, allowing you to assign your card to a category that will only allow payments at selected locations. This allows for even greater control and better budget management, as users can now specify exactly what and where their card funds will be spent. Additionally, this feature makes it easier to track expenses by category
Merchant Category Code (MCC) is a four-digit code assigned to merchants that defines the main type of their business activity. These codes are defined by card networks such as Mastercard and Visa, and they play a key role in the authorization and classification of payment transactions.