High Risk
This MCC is considered high-risk for chargebacks and disputes due to the nature of furniture and home furnishings transactions, which can involve large sums of money, delivery issues, and potential disagreements over product quality or condition upon arrival. Customers may dispute charges if the furniture or home furnishings fail to meet expectations or contractual obligations. However, this MCC is not typically blocked by card issuers.
MCC 5712 pertains to retail stores specializing in furniture, home furnishings, and various home equipment, excluding appliances.
Interchange Fee
Interchange fees for transactions typically range from 1.3% to 3% based on the card issuer and type of transaction.
Cashback Rewards
Cashback rewards may vary, generally ranging from 1% to 2% for cardholders, based on promotions and card-specific policies.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for this MCC category.
Tax Reporting
Purchases under this MCC may be subject to local and state sales tax regulations. IRS reporting requirements can vary based on the specific purchase context.