MCC 4829: Wire Transfer & Money Orders
MDR (IC++)
0.5% - 5%
Markup over interchange + scheme
Rolling reserve
5% - 15%
Typical 180-day hold
Risk tier
High-risk
Typical acquirer treatment
Cross-border money transfer and remittance operators.
High-risk codes are declined outright by most mainstream acquirers. Placement runs through specialists who underwrite the vertical knowingly, and terms track the strength of the file.
Acquiring notes.
Money transfer and remittance is a compliance-first placement: AML program quality, licensing where required, and corridor risk dominate the conversation. Acquirers treat the funds-flow diagram as the core document, so have it ready and keep it truthful. Settlement speed matters commercially in this vertical, and it is negotiable once the compliance picture is solid.
Figures are typical ranges from the BZNpay MCC catalogue, not an offer. The acquiring bank makes the final code assignment and sets final terms. BZNpay places merchants in this category: one qualified file brings back 2 or 3 acquirers whose appetite covers it, typically within 24 hours.
MCC 4829 questions.
Who assigns MCC 4829?
Your acquiring bank assigns the MCC during underwriting, based on your business description and, increasingly, site-crawl and checkout review. The card networks define the list of codes and the rules for each one.
What does MCC 4829 cost to process under?
In our catalogue, 4829 typically carries an MDR of 0.5% - 5% IC++ (markup over interchange and scheme fees) with a rolling reserve of 5% - 15%. Where you land in the band depends on licensing where applicable, financials, and chargeback history. Final terms are set by the acquirer.
Can I process under a different, lower-risk code?
No. Operating under an MCC that does not match your actual business is miscoding, which card networks detect and punish with termination plus MATCH-list placement. If you believe your current code genuinely misrepresents your business, an acquirer can review and re-code.