MCC 4214 encompasses motor freight carriers and trucking services, including local and long-distance transportation, moving and storage services, and local delivery operations. These services cater to various commercial and individual transportation needs.
Interchange Fee
Interchange fees for MCC 4214 transactions generally range from 1.5% to 3.25%, depending on the payment processor, transaction volume, and risk profile. Freight and trucking services with large-scale operations may negotiate specific rates based on their business volume and transaction nature.
Cashback Rewards
Some credit cards may offer cashback or rewards for payments to motor freight carriers and trucking services. These rewards often fall under business or travel-related categories, with specific offerings depending on the card issuer’s terms and reward programs.
Rules and Restrictions
There are no special rules imposed by payment processors specifically for MCC 4214 transactions. Standard rules for card-present and card-absent transactions apply according to card network guidelines and processor policies.
Tax Reporting
For tax purposes in the United States, payments made under MCC 4214 are typically treated as service payments for transportation and logistics. Depending on transaction amounts, reporting to the IRS may be required, but buyers are generally not directly taxed for these services.