MCC 5552 includes transactions made at businesses that provide electric vehicle charging services.
Interchange Fee
Interchange fees for MCC 5552 typically range from 1.8% to 2.5%, with variations based on the card issuer and transaction type.
Cashback Rewards
Cashback rewards for electric vehicle charging may be offered at rates up to 5% depending on the card issuer and specific promotions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions categorized under MCC 5552.
Tax Reporting
Purchases categorized under MCC 5552 are subject to applicable sales taxes. No specific IRS tax reporting is required for the buyer related to this MCC.