MCC 4131 covers businesses operating as bus lines, offering passenger transportation services for local, regional, or long-distance travel.
High Risk
This MCC is considered high-risk for chargebacks and disputes due to the nature of bus line transactions, which can involve frequent cancellations, schedule changes, and potential disagreements over service quality. Customers may dispute charges if the bus service fails to meet expectations or contractual obligations. However, this MCC is not typically blocked by card issuers.
Interchange Fee
Interchange fees for MCC 4131 transactions generally range from 1.4% to 3%, depending on the payment processor, transaction volume, and assessed risk. Public transportation services may negotiate special rates depending on transaction types and payment processing agreements.
Cashback Rewards
Some credit cards may offer cashback or rewards for payments to bus lines. Rewards typically fall under travel-related categories, and the specific offers depend on the card issuer’s terms and conditions.
Rules and Restrictions
There are no special rules imposed by payment processors specifically for MCC 4131 transactions. General rules for card-present and card-absent transactions apply in accordance with card network policies.
Tax Reporting
In the United States, payments made under MCC 4131 are generally treated as transportation service payments. Certain payments may require reporting to the IRS based on their value, but buyers are typically not directly taxed for these services.