MCC 5051 encompasses businesses involved in metal service centers and offices, providing essential services and materials for industries requiring metal processing, storage, and distribution.
Interchange Fee
Interchange fees for MCC 5051 transactions may range from 1.3% to 2.5%, depending on card type, transaction volume, and specific agreements between issuers and payment processors.
Cashback Rewards
Cashback rewards for this category may vary by issuer, often providing up to 1% on eligible purchases, with variations depending on card terms and conditions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specific to transactions under MCC 5051.
Tax Reporting
For transactions under MCC 5051, tax reporting may apply according to IRS regulations, particularly for large commercial or business purchases. Buyers should verify their obligations with a tax advisor.