MCC 5065 includes businesses that supply electrical parts and equipment used for commercial, industrial, and specialized electrical purposes.
Interchange Fee
Interchange fees for MCC 5065 transactions typically range from 1.2% to 2.3%, with potential variations based on the card issuer, transaction volume, and specific arrangements with payment processors.
Cashback Rewards
Cashback offers for purchases under MCC 5065 may vary based on issuer promotions and cardholder terms, with up to 1% cashback on qualified purchases being typical for some business-oriented cards.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions classified under MCC 5065.
Tax Reporting
For transactions under MCC 5065, applicable tax reporting requirements may vary based on local and federal regulations. Buyers may need to consult with tax professionals to determine their specific obligations.