MCC 5198 encompasses transactions related to the sale of paints, varnishes, and associated supplies, including commercial and consumer-grade products.
Interchange Fee
Typical interchange fees for this category range from 1.5% to 3.5%, depending on factors such as the card network, merchant agreement, and transaction volume.
Cashback Rewards
Cashback rewards vary by issuer and may include up to 2% to 5% cashback for purchases within this category, subject to cardholder agreements.
Rules and Restrictions
No special rules are applied by payment processors for MCC 5198 transactions. General merchant compliance and standard transaction protocols apply.
Tax Reporting
Tax regulations applicable to purchases under this MCC may require buyers to report purchases based on applicable IRS rules, including sales and local taxes.