5942
Book Stores
MCC 5942 covers purchases made at stores that primarily sell books and related products, including digital and print media.
Interchange Fee
Interchange fees for book store transactions generally range between 1.5% and 3%, depending on the card type used and agreements with the card issuer.
Cashback Rewards
Card issuers may offer cashback rewards for purchases at book stores, ranging from 1% to 5%, based on the terms and promotions of individual card programs.
Rules and Restrictions
There are no specific rules or restrictions imposed by payment processors for transactions classified under MCC 5942.
Tax Reporting
The IRS does not directly apply taxes to book purchases, but sales tax may be applicable depending on state and local regulations.