5131
Piece Goods, Notions, and Other Dry Goods
MCC 5131 covers transactions for sales of various piece goods, notions, and other dry goods used for manufacturing, crafts, or other purposes.
Interchange Fee
Interchange fees for MCC 5131 generally range from 1.5% to 2.5%, depending on the card issuer and transaction type.
Cashback Rewards
Cashback rates for transactions under this MCC can vary from 1% to 2%, subject to the cardholder's program and applicable promotions.
Rules and Restrictions
There are no special rules enforced by payment processors for transactions under MCC 5131. Standard processing rules apply.
Tax Reporting
Depending on the transaction size and applicable regulations, purchases under MCC 5131 may require tax reporting. It is recommended to consult a tax professional for specific guidance.