MCC 5169 refers to transactions involving chemicals and allied products that are not categorized elsewhere, covering a wide range of specialty chemical sales.
Interchange Fee
Interchange fees typically range from 1.2% to 2.5%, depending on factors like card type, transaction size, and volume.
Cashback Rewards
Cashback rewards for purchases in this category may range between 1% and 2%, contingent on card issuer policies and promotions.
Rules and Restrictions
No special rules apply for processing transactions under MCC 5169 beyond standard industry practices.
Tax Reporting
IRS reporting may be required for significant transactions under this category. Buyers should consult tax advisors for specific compliance requirements.