5983
Fuel Dealers – Fuel Oil, Wood, Coal, and Liquefied Petroleum
MCC 5983 represents businesses that deal in fuel, including fuel oil, wood, coal, and liquefied petroleum.
Interchange Fee
Interchange fees for purchases under this MCC can vary between 1.75% to 3.5%, depending on card issuer, transaction amount, and merchant agreement terms.
Cashback Rewards
Some credit cards may offer cashback for purchases under MCC 5983, ranging typically from 1% to 3%. This can vary based on the terms of the credit card issuer and any active promotions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for this MCC.
Tax Reporting
Fuel purchases under this MCC may be subject to applicable state and local taxes. The IRS does not impose a specific tax on buyers based solely on this MCC classification.