High Risk; Restricted
This MCC is considered high-risk due to the nature of direct marketing activities, which can be prone to fraud and chargebacks. Merchants operating under this MCC may face additional scrutiny and higher fees from card issuers. Special registration and compliance requirements may apply to ensure adherence to industry standards and regulations.
MCC 5969 covers businesses engaged in direct marketing activities that are not classified elsewhere. This category often includes innovative and niche direct marketers.
Interchange Fee
Interchange fees for MCC 5969 can range between 1.5% to 3%, varying based on the card network and transaction nature. High variability is often due to risk assessments and transaction types.
Cashback Rewards
Cashback offerings for purchases classified under this MCC vary among issuers, typically ranging from 0.5% to 1.5%, depending on promotional offerings and issuer-specific terms.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors on transactions classified under MCC 5969.
Tax Reporting
Tax implications for transactions under MCC 5969 depend on the specific product or service offered. Buyers may need to consult tax guidance to understand any applicable tax liabilities.