All codesContracted ServicesLow Risk

1731Electrical Contractors

Licensed electrical contractors for residential and commercial wiring, installation, and repair.

Networks:VisaMastercardAmexDiscover

Merchants Using MCC 1731

Well-known businesses assigned this code

Local electriciansMr. ElectricMister Sparky

Risk Assessment

Standard processing rates. Most payment processors accept this MCC with minimal additional requirements.

Common Use Cases

  • Electrical installation
  • Panel upgrades
  • Commercial wiring

Category Details

Category
Contracted Services
MCC Range
1500–2999
Description
General contractors, electrical, plumbing, carpentry, and special trade contractors.

Why MCC Codes Matter for Your Business

Your MCC code directly affects how card networks and processors treat your transactions.

Approval Rate Impact

Processors have different acceptance rates per MCC. A misclassified code can silently tank your approval rate by 5-15%, costing revenue on every declined transaction.

Interchange Fees

The interchange fee you pay on every transaction is directly tied to your MCC code. Some categories pay 0.5% less per transaction — at scale, that compounds into significant savings or hidden costs.

Chargeback Thresholds

Visa and Mastercard set different chargeback monitoring thresholds per MCC category. High-risk MCCs face stricter limits — exceeding them triggers fines, reserve requirements, or account termination.

Wrong MCC = Serious Risk

An incorrect MCC assignment means you could be paying inflated fees, hitting the wrong chargeback program, or worse — facing account termination for "MCC mismatch" during a processor audit.

Tagada Optimizes Routing by MCC Code

Tagada's payment orchestration engine analyzes your MCC code to route each transaction to the processor with the highest approval rate and lowest fees for that specific merchant category. For MCC 1731, this means your electrical contractors transactions are automatically sent through the optimal path in your processor stack.

Related Payment Terms

Frequently Asked Questions

What is MCC 1731?

MCC 1731 is for electrical contractors performing wiring, installation, and repair services.

Is MCC 1731 considered high risk?

No, electrical contracting is generally classified as low risk by payment processors.

What are typical transaction sizes for MCC 1731?

Transaction sizes range from $100 for minor repairs to $10,000+ for full electrical installations.

Tagada Platform

Optimize MCC 1731 payments with Tagada

Tagada's intelligent routing engine optimizes MCC 1731 transactions for the best approval rate, lowest fees, and fastest settlement across your processor stack.