5172
Petroleum and Petroleum Products
MCC 5172 includes transactions involving petroleum and petroleum products, such as fuels, oils, and other related items.
Interchange Fee
Interchange fees for transactions in this category generally range from 1.3% to 2.7%, based on card type, transaction value, and other factors.
Cashback Rewards
Cardholders may receive cashback ranging from 1% to 3% depending on issuer offers and promotions specific to petroleum purchases.
Rules and Restrictions
No special rules apply for processing transactions under MCC 5172 apart from standard industry practices.
Tax Reporting
For certain purchases under this MCC, tax reporting obligations may arise, depending on the buyer's jurisdiction and transaction amount. Buyers should consult tax professionals for compliance requirements.