MCC 5950 is associated with establishments primarily selling glassware, crystal, and similar specialty items.
Interchange Fee
The interchange fees for transactions at glassware and crystal stores generally range from 1.5% to 3%, depending on the card type (credit or debit) and card network provider.
Cashback Rewards
Cashback offerings can vary, with general rewards programs providing up to 2% cashback for purchases at specialty glassware and crystal stores, depending on the specific card issuer and promotions.
Rules and Restrictions
There are no special rules or restrictions enforced by payment processors for transactions under MCC 5950.
Tax Reporting
Sales under MCC 5950 may be subject to local sales taxes depending on jurisdictional laws. The IRS does not enforce unique tax liabilities specific to this MCC for the buyer beyond standard reporting and compliance.