MCC 6540 is designated for transactions related to the purchase or loading of stored value cards at non-financial institutions.
Interchange Fee
Interchange fees for MCC 6540 transactions typically range between 1% and 3%, depending on the specific card network and agreements with merchants.
Cashback Rewards
Cashback rewards may not be applicable for stored value card transactions under MCC 6540, though this depends on the individual card issuer's program terms and conditions.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 6540 apart from compliance with general payment network requirements.
Tax Reporting
The IRS may apply tax reporting requirements based on the value and purpose of stored value card transactions under MCC 6540, depending on applicable laws and the nature of the transaction.