MCC 5933 represents businesses classified as pawn shops that provide loans secured by personal property and may offer buy-and-sell services.
Interchange Fee
Transactions at pawn shops typically carry interchange fees ranging from 1.8% to 3.5%, depending on card issuers and transaction specifics (e.g., credit vs. debit).
Cashback Rewards
Cashback offers may vary, but purchases made at pawn shops typically earn minimal cashback rewards due to their unique nature, usually around 0.5% to 2%.
Rules and Restrictions
There are no special rules or restrictions that payment processors impose for transactions under MCC 5933.
Tax Reporting
Transactions at pawn shops under MCC 5933 may be subject to state and local sales taxes. The IRS does not directly impose taxes on buyers unless otherwise required by specific circumstances.