Merchant Category Code 5932 for Antique Shops

Posted by Daniel Brain on January 5th, 2018

MCC 5932 is a retail store where a high risk merchant accounts can sell antiques at a local store or online. An antique shop can also be located in an antique mall where there are antique stores only. A аntiquе seller is always on a lookout for such items from people. These items may from a very low quality to a very high quality, and the cost of these items may vary depending on the nature and location of the shop.

Point of Sale is best for Antique Shops

If you are willing to open an antique store, you must have a POS. POS is the payment service that accepts credit and debit cards. Nowadays, antique stores have started accepting payment through cards. POS helps in analyzing sales, keep sales data up to the mark, manage invoices and send emails, protect the high risk business from money laundering and so on.

The merchant should decide the right POS software for antique malls and to keep their shops safe and sound.

Features of MCC 5932 Antique Shops

• Merchants can record the accounts on a weekly, bi-weekly, monthly bi-monthly.
  The profit on the antique business is made by buying and selling the products. The selling cost of the product is calculated based on its age, condition, scarcity and the uniqueness.
  Antique stores can be very small in size but the façade of a store is too large with few items. The antiques could not be physically available, but they can be made available online.
  MCC 5932 might also help such businesses to change locations while managing the and tracking the item costs and sale history.
  For antique business, Vеrifоnе VX520 POS could be ideal as it provides all the necessary functions for such business type.
  A buyer can access the complete report of an item, review sales history, value etc at the point of sale.If you’re looking for any kind of POS services. You’re in the right place! Visit our services pages to find out how we can help you today! You can contact us- +1(888)-622-6875