5021
Office and Commercial Furniture
MCC 5021 covers the sale of office and commercial furniture, including desks, chairs, and other workplace fixtures.
Interchange Fee
The interchange fees for transactions under MCC 5021 range from 1.4% to 3%, depending on the card network, transaction type, and merchant agreements.
Cashback Rewards
Cashback offers for purchases under MCC 5021 vary, with some credit card issuers providing up to 2% cashback on business-related expenses.
Rules and Restrictions
There are no specific rules or restrictions for processing transactions under MCC 5021. General terms from payment processors apply.
Tax Reporting
The IRS may require reporting for purchases under MCC 5021 if they are classified as business expenses. Tax obligations depend on the nature of the purchase and the buyer's classification.