5331
Variety Stores
MCC 5331 covers variety stores that offer a wide range of low-cost merchandise including general household items, clothing, food, and more.
Interchange Fee
Interchange fees for purchases at variety stores typically range between 1.1% to 2.5%, depending on the card network, type of card (credit, debit, prepaid), and the terms agreed with the merchant.
Cashback Rewards
Some credit cards may offer 1-2% cashback on purchases made at variety stores, with special store-branded cards potentially providing higher percentages or exclusive deals.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specifically for MCC 5331 transactions.
Tax Reporting
The IRS does not impose additional taxes on purchases under MCC 5331 beyond applicable state and local sales taxes.