MCC 3011 represents transactions conducted with AEROFLOT.
High Risk
This MCC is considered high-risk for chargebacks and disputes due to the nature of airline transactions, which can involve large sums of money, frequent cancellations, and potential disagreements over service quality or schedule adherence. Customers may dispute charges if the airline service fails to meet expectations or contractual obligations. However, this MCC is not typically blocked by card issuers.
Interchange Fee
The typical interchange fee for transactions under MCC 3011 ranges from 1.5% to 3.0%, depending on the card type and network used.
Cashback Rewards
Cashback rewards can vary based on the card issuer, typically ranging from 1% to 5% for travel and airline-related expenses, depending on individual card programs.
Rules and Restrictions
There are no special rules or restrictions that payment processors impose on transactions under MCC 3011.
Tax Reporting
The IRS may require tax reporting based on the nature of the transaction, subject to individual and business tax regulations and circumstances.