Most property managers know about credit card fees. They know about delayed payouts. But very few realize that the way their business is classified by card networks may be costing them tens of thousands of dollars every year.
The culprit? SIC codes — Standard Industrial Classification codes used by banks and processors. Get the wrong one, and you’re put in the same category as hotels. Get the right one, and you save up to 30% on fees while staying compliant with Visa and Mastercard.
What are SIC codes?
SIC (Standard Industrial Classification) codes were created to categorize businesses by industry. Payment processors use these codes to decide:
What interchange rates you pay.
What compliance rules apply.
Whether card issuers apply extra reward points (which you pay for).
Compliance and transparency risks
Beyond cost, misclassification also creates compliance risks:
Visa/Mastercard may penalize merchants for inaccurate classification.
Misclassified businesses may not meet the right regulations.
Lack of transparency makes reconciliation and audits harder.
Clearview’s advantage:
Always applies 6513 for property managers.
Direct processor = full underwriting.
Locked lifetime rate, no hidden hikes.
Don’t let the wrong SIC code drain your revenue. With Clearview, you get:
- Correct 6513 classification every time.
20–30% lower processing costs.
Next-day payouts and full Merchant of Record control.
Dedicated support from a real person.
Partner With Clearview!
Earn more or save more by integrating Clearview payments. Whether you’re a PMS provider or an STR vendor, we help you deliver zero-fee payments, lower processing costs, and faster payouts.
Get In Touch With Us
Tell us a bit about your business and our team will connect with you to explore the right Clearview Partner Program.
