5948
Luggage and Leather Goods Stores
MCC 5948 pertains to stores primarily selling luggage, leather goods, and related accessories for travel and personal use.
Interchange Fee
The interchange fees for purchases at luggage and leather goods stores generally range from 1.2% to 2.7% depending on the card network and type of card used.
Cashback Rewards
Credit card rewards for purchases at these stores may offer 1-3% cashback, contingent on the card issuer's rewards program and seasonal promotions.
Rules and Restrictions
There are no specific rules or restrictions for transactions processed under MCC 5948 imposed by major payment processors.
Tax Reporting
The IRS does not apply specific tax obligations to the buyer for purchases made under this MCC. However, standard sales tax may be applicable per state and local regulations.