MCC 5812 encompasses eating places and restaurants, including establishments providing food and beverage services for immediate consumption on or off-premises.
Interchange Fee
Interchange fees for MCC 5812 transactions generally range from 1.2% to 2.5%, depending on the card network and type of card (e.g., premium vs. standard).
Cashback Rewards
Cashback rewards for purchases under MCC 5812 often range between 1% and 5%, depending on credit card issuer promotions, including dining rewards programs.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under this MCC.
Tax Reporting
Purchases made under MCC 5812 may be subject to local sales tax, as applicable. There are no special IRS taxes applied specifically to transactions under this category for buyers.