5551
Boat Dealers
MCC 5551 includes transactions made at businesses that primarily sell boats, marine supplies, and related equipment.
Interchange Fee
Interchange fees for MCC 5551 may range from 1.5% to 3.0% depending on the card type, risk level, and negotiated processing rates.
Cashback Rewards
Cashback rates for boat dealers can vary, but some cards may offer up to 3% for transactions related to marine products and services.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions categorized under MCC 5551.
Tax Reporting
The IRS does not impose special tax reporting requirements for purchases under MCC 5551, though applicable sales and local taxes may apply.