MCC 4821 is assigned to businesses providing telegraph services, enabling secure and time-sensitive transmission of messages using telecommunication technologies.
Interchange Fee
Interchange fees for transactions under MCC 4821 typically range between 1.5% to 2.5%, depending on the transaction type and terms set by the merchant's agreement with card networks.
Cashback Rewards
Certain credit cards may offer cashback or rewards for transactions in telegraph services, though this varies based on the issuing bank's reward categories and terms.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specifically for MCC 4821. General transaction policies for card-present and card-absent transactions apply.
Tax Reporting
Under MCC 4821, the IRS may require reporting for telegraph services based on their use and classification in a business context. Personal use transactions typically do not incur reporting obligations.