5412
Grocery Stores, Supermarkets
MCC 5412 represents purchases made at grocery stores and supermarkets, typically covering food and everyday essential items.
Interchange Fee
Interchange fees for grocery store transactions generally range from 0.9% to 2.4%, varying by card type (debit, credit, corporate) and issuer network.
Cashback Rewards
Cashback rewards for transactions at grocery stores typically offer 1-3% cashback, depending on card programs. Special promotions or categories may yield higher rates.
Rules and Restrictions
There are no special rules or restrictions enforced by payment processors specifically for transactions classified under MCC 5412.
Tax Reporting
The IRS does not impose specific tax obligations on buyers for purchases made at grocery stores or supermarkets beyond applicable sales taxes.