MCC 5999 encompasses a broad range of specialty and miscellaneous retail stores, including establishments that deal with the sale of firearms and ammunition.
High Risk
This MCC is considered high-risk for chargebacks and disputes due to the regulatory state of firearms and ammunations, including uncertainity about delivery or legality. Merchants of firearms and ammunitions may face additional onboarding requirements. However, this MCC is not typically blocked by card issuers.
Interchange Fee
Typical interchange fees for MCC 5999 transactions can range from 1.8% to 3.2%, depending on the specific card issuer and network processing the payment.
Cashback Rewards
Cashback rewards may vary but typically range from 0.5% to 2% depending on the card issuer and any applicable promotions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under MCC 5999.
Tax Reporting
Standard sales taxes may apply based on jurisdictional rules. There are no additional IRS-imposed taxes specifically targeting transactions under MCC 5999 for buyers.