MCC 5965 refers to businesses that operate as both catalog and retail merchants, offering direct marketing through both channels.
High Risk
This MCC is considered high-risk for chargebacks and disputes due to the nature of direct marketing transactions, which can involve issues such as product misrepresentation, delivery delays, and customer dissatisfaction with the product received. Customers may dispute charges if the product does not meet their expectations or if there are problems with the delivery process. However, this MCC is not typically blocked by card issuers.
Interchange Fee
Interchange fees for MCC 5965 typically range from 1.5% to 3.0%, varying based on card networks, merchant agreements, and volume of transactions.
Cashback Rewards
Cashback rates for transactions in this category can range from 1% to 3%, depending on specific card issuer offers and promotional periods.
Rules and Restrictions
There are no special rules or restrictions specifically imposed by payment processors for transactions under MCC 5965.
Tax Reporting
Tax reporting requirements may vary depending on state and federal regulations. Buyers should consult tax professionals for detailed guidance regarding liabilities for purchases under this MCC.