MCC 7032 is used for transactions related to sporting and recreational camps, including registration, facility fees, and related services.
Interchange Fee
Interchange fees for transactions under MCC 7032 typically range from 1.5% to 3%, depending on agreements between card networks and merchants, and may vary based on the nature of the transaction.
Cashback Rewards
Cashback rewards may be limited or vary depending on the card issuer's terms. Some cards may offer rewards for recreational activities, while others may have restrictions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for MCC 7032. Standard rules for transaction processing apply.
Tax Reporting
The IRS may require reporting for certain payments made under MCC 7032 depending on the transaction's purpose, value, and other applicable regulations.