MCC 5733 covers businesses specializing in the sale of musical instruments, pianos, and sheet music, offering diverse products for musicians and enthusiasts alike.
Interchange Fee
Interchange fees for MCC 5733 transactions typically range between 1.5% and 3%, varying by card issuer and merchant agreement specifics.
Cashback Rewards
Cashback offers may apply for purchases at music stores, ranging from 1% to 4% depending on the issuing bank's promotions and card program.
Rules and Restrictions
There are no special rules or restrictions enforced by payment processors for handling transactions under this MCC.
Tax Reporting
Sales made under this MCC are subject to applicable state and local sales taxes. The IRS does not impose additional taxes specifically on purchases in this category.