MCC 4111 covers services related to local and suburban commuter transportation, including buses, ferries, and other passenger transit methods. These services cater to the daily transit needs of communities and offer reliable, short-distance travel solutions.
Interchange Fee
Interchange fees for MCC 4111 transactions typically range from 1.4% to 3% based on the card network, transaction volume, and risk assessment. Public transportation systems may have tailored rates due to their unique nature and payment patterns.
Cashback Rewards
Certain credit cards may offer cashback or rewards for payments made to local and suburban transportation services. This often falls under travel-related spending categories, with rewards varying by card issuer and program terms.
Rules and Restrictions
There are no special rules imposed by payment processors specifically for MCC 4111 transactions. General rules for card-present and card-absent transactions apply, in line with the policies set forth by card networks and processors.
Tax Reporting
In the United States, payments made under MCC 4111 are generally treated as transportation service payments. Depending on the transaction value and other conditions, certain payments may require reporting to the IRS. Buyers typically are not directly taxed for these services.