MCC 5921 refers to establishments primarily engaged in selling beer, wine, and liquor in package form for off-premises consumption.
High Risk; Restricted
This MCC is considered high-risk due to the nature of the products sold, which can be subject to age restrictions and regulatory scrutiny. Merchants operating under this MCC may face additional compliance requirements and higher transaction fees. As a result, transactions under this MCC may be closely monitored by card issuers and payment processors.
Interchange Fee
Interchange fees for transactions in MCC 5921 typically range between 1.5% to 3%, depending on the card issuer and type of card used (e.g., debit, credit, or rewards cards).
Cashback Rewards
Many credit card issuers offer cashback of 1% to 5% for purchases at package stores, especially on specific promotional cards or rewards categories. These offers vary based on terms and agreements.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for processing transactions under MCC 5921.
Tax Reporting
Purchases made at package stores under MCC 5921 may be subject to state and local sales taxes, depending on the jurisdiction. The IRS does not generally impose direct taxes on buyers for these types of purchases.