MCC 5966 is used for merchants engaged in outbound telemarketing sales, offering various products or services through direct calling campaigns.
High Risk
This MCC is considered high-risk for chargebacks and disputes due to the nature of outbound telemarketing transactions, which can involve aggressive sales tactics, potential misrepresentation of products or services, and customer dissatisfaction. Customers may dispute charges if they feel misled or if the products or services do not meet their expectations. However, this MCC is not typically blocked by card issuers.
Interchange Fee
Interchange fees for MCC 5966 typically range from 1.6% to 3.1%, based on the card network, type of card used, and the merchant's transaction volume.
Cashback Rewards
Cashback rates for transactions under this MCC can vary between 1% to 2%, depending on card issuer policies and any promotional offers available.
Rules and Restrictions
There are no special rules or restrictions that payment processors impose for transactions processed under MCC 5966.
Tax Reporting
Tax reporting for transactions related to MCC 5966 depends on the jurisdiction's regulations and the buyer's state or federal tax obligations. It is recommended that buyers seek tax advice for any specific concerns.