MCC 5735 covers businesses involved in selling music records, vinyl, and related items. These stores cater to a wide range of music enthusiasts and collectors.
Interchange Fee
Interchange fees for transactions under MCC 5735 typically range from 1.6% to 3.2%, depending on the card issuer and payment network.
Cashback Rewards
Cashback rates for purchases at record stores can vary, often ranging from 1% to 5% depending on the specific card issuer’s promotions and rewards structure.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under this MCC.
Tax Reporting
Purchases under this MCC may be subject to applicable sales tax laws. No additional IRS taxes are specifically applied to this category of purchases.