Jewellery and high value goods merchant category codes
Jewellers, watch and silverware shops use merchant category code 5944, precious stones and metals wholesale uses 5094, antique dealers 5932, art dealers and galleries 5971 and coin dealers 5972. These are high ticket businesses where a single sale can be worth more than many shops take in a month.
Merchant category codes for jewellery and high value goods
The codes businesses in this sector come across most. Your provider sets the code when your account is opened, based on what you tell them about how you trade.
| Code | Industry | More |
|---|---|---|
| 5944 | Jewellers, watch and silverware shops | High value payment processing |
| 5094 | Precious stones, metals and watches, wholesale | High value payment processing |
| 5932 | Antique dealers and restorers | High value payment processing |
| 5971 | Art dealers and galleries | High value payment processing |
| 5972 | Stamp and coin dealers | High value payment processing |
| 5933 | Pawnbrokers | High value payment processing |
| 7631 | Watch and jewellery repair | High value payment processing |
| 5551 | Boat dealers | High value payment processing |
| 5271 | Mobile and park home dealers | High value payment processing |
Card payments on high value jewellery
A single card payment of £10,000 or more stands out to card issuers and fraud systems. Agreeing your typical and largest sale values when the account is opened means a genuine high value sale is expected rather than held.
Fraud on high value orders
High value goods attract fraud. 3D Secure on every online payment, delivery to the cardholder's address and signature on delivery are the basics. For the largest orders, a payment link or bank transfer for part of the amount can reduce exposure.
Deposits and commissions
Bespoke pieces, commissions and orders from suppliers often start with a deposit. A payment link for the deposit and a terminal or link for the balance keep both on the same account.
Card payments for jewellery and high value goods, opinions from our specialists
Short views from our specialists, published to start a conversation. Agree or disagree, tell them on LinkedIn.
High ticket is not the same as high risk. A jeweller with years of steady trading and very few disputes is a strong account. Ticket size is a number, not a risk profile.
I agree on ticket size. What reassures me as a customer on a big purchase is a named contact and a clear returns window, more than the price itself.
What to check in a card payments setup for jewellery and high value goods
Three questions worth asking any provider, and the eCom Pay answer.
Large sales agreed up front
Ticket sizes priced into the account from day one.
3D Secure on every online sale
Stronger authentication on high value orders.
Deposits by link
Commissions and bespoke work secured before you start.
Questions about merchant category codes for jewellery and high value goods
What is the MCC for a jeweller?
Jewellers, watch and silverware shops use 5944. Precious stones and metals wholesale uses 5094.
Can a jeweller take a £20,000 card payment?
Yes, where the ticket size was agreed when the account was set up. High value sales are then processed as expected trading.
What MCC do art galleries use?
Art dealers and galleries use 5971. Antique dealers use 5932.
More industry guides
Card payments for jewellery and high value goods, set up properly
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