MCC 5949 encompasses stores primarily focused on selling sewing supplies, needlework materials, fabric, and related goods for craft and garment-making purposes.
Interchange Fee
The interchange fees for transactions at sewing, needlework, and fabric stores typically range between 1.3% and 2.9%, based on the card network and card type used (e.g., debit vs. credit).
Cashback Rewards
Some credit card programs may offer 1-2% cashback on purchases at these stores. Promotional offers or store-affiliated card benefits can sometimes increase these rates.
Rules and Restrictions
There are no special rules or restrictions imposed by major payment processors for transactions under MCC 5949.
Tax Reporting
The IRS does not enforce specific tax obligations on buyers under this MCC. Applicable sales taxes may be levied per state and local jurisdictional requirements.