MCC 5598 pertains to merchants that specialize in the sale, service, and accessories for snowmobiles.
Interchange Fee
Typical interchange fees for transactions with snowmobile dealers can range from 1.5% to 3.5%, based on the payment method and card type used.
Cashback Rewards
Certain credit card issuers may offer 1% to 2% cashback rewards on purchases made with snowmobile dealers, subject to specific card terms and conditions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under MCC 5598.
Tax Reporting
The IRS may require tax reporting for purchases of snowmobiles depending on the purchase amount and applicable state laws, with sales tax generally applied at the time of sale.