MCC 1799 covers businesses categorized as special trade contractors that do not fit into other classifications. This may include a range of specialized construction or trade services for residential, commercial, or industrial projects.
Interchange Fee
Interchange fees for MCC 1799 transactions typically range from 1.5% to 3.5%, depending on the card network, payment processor, and transaction type. Special trade contractors with high-value contracts may experience tailored fee arrangements based on transaction size and risk factors.
Cashback Rewards
Certain credit cards may offer cashback or rewards for payments made to special trade contractors. Rewards may be categorized under home improvement, construction, or similar categories. Specific offerings and percentages depend on the individual card issuer's program terms.
Rules and Restrictions
There are no special rules imposed by payment processors specifically for MCC 1799 transactions. General rules for card-present and card-absent transactions apply, as outlined by the card network's guidelines and processor policies.
Tax Reporting
For tax purposes in the United States, payments under MCC 1799 are classified as service payments. Depending on transaction values, certain payments may require reporting to the IRS. Buyers are generally not directly taxed on these services, but contractors must comply with tax regulations and reporting obligations.