MCC 5013 covers businesses involved in selling motor vehicle parts and supplies, including new auto parts and equipment.
Interchange Fee
The interchange fees for MCC 5013 transactions typically range from 1.5% to 3%, depending on the card network, transaction type, and merchant agreement specifics.
Cashback Rewards
Cashback offers for transactions under MCC 5013 vary. Some card issuers provide up to 2% cashback, especially for business-related purchases.
Rules and Restrictions
There are no specific rules or restrictions for processing transactions under MCC 5013. General terms and conditions from payment processors apply.
Tax Reporting
The IRS may require reporting for purchases under MCC 5013 if they are classified as business expenses. Tax implications may depend on the nature of the purchase and the buyer's classification.