MCC 5571 applies to merchants that primarily sell motorcycles, including new and used motorcycles, and related accessories and services.
Interchange Fee
Interchange fees for transactions at motorcycle dealers typically range from 1.5% to 3.0%, depending on the card issuer, transaction type, and size.
Cashback Rewards
Certain credit cards may offer cashback incentives for purchases made at motorcycle dealers, ranging from 1% to 2%, subject to promotional terms.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions categorized under MCC 5571.
Tax Reporting
IRS tax implications may apply for motorcycle purchases, with applicable sales tax collected at the time of purchase as required by state law.