MCC 4468 pertains to businesses providing services and supplies for marinas and marine operations. This includes services for boat maintenance, docking, storage, and marine supplies, serving both recreational and commercial needs.
Interchange Fee
Interchange fees for MCC 4468 transactions generally range from 1.5% to 3.5% based on the payment processor, transaction size, and risk profile. Transactions involving higher value marine services or supplies may have custom fee arrangements due to their unique nature.
Cashback Rewards
Certain credit cards may offer cashback or rewards for spending on marinas and marine services. Such rewards typically fall under travel, recreation, or business expense categories, varying according to the card issuer's terms and conditions.
Rules and Restrictions
There are no special rules imposed by payment processors specifically for MCC 4468 transactions. General rules for card-present and card-absent transactions apply as outlined by the card network's policies.
Tax Reporting
In the United States, payments made under MCC 4468 for marine services and supplies are typically considered service and retail payments. Depending on transaction values and specifics, service providers may have certain IRS reporting obligations, but buyers are generally not taxed directly for these services.