MCC 5962 covers businesses engaged in direct marketing of travel-related arrangement services, including booking and organizing travel plans for consumers directly.
High Risk; Restricted
This MCC is considered high-risk due to the nature of travel-related arrangement services, which can be prone to fraud and chargebacks. Merchants operating under this MCC may face additional scrutiny and higher fees from card issuers. It is important for these merchants to maintain transparent business practices and comply with all regulatory requirements to mitigate risks.
Interchange Fee
Typical interchange fees for MCC 5962 range from 1.6% to 2.5%, based on the card network, transaction volume, and agreements with individual card issuers.
Cashback Rewards
Cashback rates for travel-related purchases under MCC 5962 may vary, usually between 1% and 3%, depending on the card issuer and any ongoing promotional campaigns.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under MCC 5962.
Tax Reporting
Tax reporting for travel-related services may vary based on state and federal regulations. Buyers should consult a tax professional for specific tax implications.