5698
Wig and Toupee Shops
MCC 5698 includes establishments primarily engaged in the sale of wigs, toupees, and other hair replacement products.
Interchange Fee
Interchange fees generally range from 1.5% to 3.5% based on the card network and merchant agreements for this type of retail transaction.
Cashback Rewards
Cashback rewards may vary from 1% to 2% depending on the specific card issuer and program terms.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions categorized under this MCC.
Tax Reporting
Transactions for wig and toupee shops may be subject to applicable local and state sales taxes. IRS tax implications depend on the context of purchase and whether it is considered a cosmetic expense or covered by specific medical exemptions.