Solutions/Payments & Risk

MCC Classification

Automated Merchant Category Code Classification

Instant MCC assignment with AI-powered business analysis and 99.7% classification accuracy.

Try this agent View API

99.7% classification accuracy

95% faster than manual

Skills in this agent

Sourced & scored on every run

The Problem

Manual MCC classification means research across 500+ category options, which delays merchant onboarding and produces misclassifications that hit processing fees, compliance and network rules.

The Grep Solution

Our MCC Classification agent analyzes business websites, operations and revenue data to assign accurate Merchant Category Codes on submission, reading mixed business models and returning a recommendation with the justification behind it.

Key Benefits

Instant classification

From 500+ options

Understanding of

Multi-revenue-stream businesses

Automated compliance

Against network requirements

Detailed justification

And alternative codes

Real-time accuracy and

Network-compliance validation

The Skills it Runs

All skills →

Each agent composes specialized skills that run in parallel. Every result is sourced and scored.

Business

Business Profile

Business Authenticity Verification

View skill →

Payments

MCC Classification

AI-Powered MCC Classification

View skill →

Tools it usesBrowserWeb SearchStructured APIs100+ data sources →

Use Cases

01Payment processor merchant onboarding

02E-commerce platform verification

03Financial institution merchant services

04Marketplace seller categorization

05Acquiring-bank classification

Built for

PaymentsAcquiring BanksE-commerceMarketplacesFintech

API quickstart

curl -X POST "https://api.grep.ai/api/v2/research" \
  -H "Authorization: Bearer $GREP_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{
    "question": "Due diligence on Stripe",
    "effort": "medium"
  }'

How it Works

Submit

Send a name, document or record via API, upload or webhook.

Skills run

2 specialized skills run in parallel across 100+ data sources: Business Profile, MCC Classification.

Evidence & scoring

Every claim is sourced, cross-referenced and confidence-scored.

Audit-ready report

Get a pass/fail decision with a full trail, exportable as PDF or CSV.

FAQ

How does GREP AI classify MCC codes?

GREP AI analyzes business websites, operations and revenue streams to automatically assign accurate MCC codes from 500+ options. Our AI understands complex business models and provides detailed justification for code selection.

How does GREP AI handle businesses without websites?

GREP AI searches alternative sources including social media profiles, business directory listings, public records and regulatory filings to build profiles even for businesses without traditional websites.

How accurate are GREP AI agents?

GREP AI agents achieve 95–99.7% accuracy across all verification types, ahead of manual review. Those rates come from customer deployments like Flutterwave, which reached 99.7% accuracy in production.

How long does it take to get results?

Most verification processes complete in 2–5 minutes, compared to 20–120 minutes manually. Simple checks like business profiles complete in under 30 seconds, while due diligence takes 2–3 hours instead of 24+ hours manually.

See all FAQs →