5977
Cosmetic Stores
MCC 5977 covers cosmetic stores including beauty supplies, skincare, and related products.
Interchange Fee
Interchange fees for cosmetic store purchases range from 1.5% to 3.5%, depending on the card issuer and specific transaction characteristics such as card type and payment network.
Cashback Rewards
Some credit card issuers offer 1% to 5% cashback for purchases at cosmetic stores, depending on promotional categories or reward programs of specific cards.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 5977 as specified by payment processors.
Tax Reporting
The IRS may apply sales taxes to cosmetic purchases depending on state and local tax laws. These may vary based on the nature of the cosmetic products.