MCC 5211 encompasses businesses involved in the sale of lumber, building supplies, and materials essential for construction and home improvement.
Interchange Fee
Interchange fees for transactions in this category typically range between 1.3% to 2.8%, depending on the card issuer and the type of card used (e.g., credit, debit, or business cards).
Cashback Rewards
Cashback offerings for MCC 5211 may vary, but common rewards include 1% to 4% cash back depending on specific cardholder agreements and promotional campaigns targeting home improvement purchases.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions classified under MCC 5211, aside from standard compliance and authorization procedures.
Tax Reporting
The IRS may require reporting for transactions within this MCC, particularly if purchases relate to commercial construction or home improvements that impact tax liabilities.