5199
Nondurable Goods (Not Elsewhere Classified)
MCC 5199 encompasses transactions involving the sale of nondurable goods not classified elsewhere, covering a broad range of consumer products.
Interchange Fee
Interchange fees for this MCC vary between 1.2% to 3%, depending on transaction type, card network, and specific merchant agreements.
Cashback Rewards
Cashback offerings typically range from 1% to 4% for purchases under this MCC, contingent upon cardholder agreements with issuing banks.
Rules and Restrictions
No special rules apply to MCC 5199 transactions. Standard compliance procedures as mandated by payment processors are enforced.
Tax Reporting
IRS regulations may necessitate the reporting of transactions for tax purposes, and local sales taxes may apply, depending on the jurisdiction.