MCC 7211 covers laundry services for both family and commercial needs, including dry cleaning and full-service garment care facilities.
Interchange Fee
Interchange fees for transactions under MCC 7211 typically range between 1.5% and 3.2%, depending on the card issuer, transaction type, and other conditions such as card-present or card-not-present scenarios.
Cashback Rewards
Some credit cards offer cashback or rewards for spending at establishments under MCC 7211, particularly if categorized as essential services. Specific rewards depend on the card issuer's reward program.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for MCC 7211. General transaction rules apply according to card issuer policies.
Tax Reporting
The IRS may apply tax reporting requirements for certain transactions under MCC 7211 if they relate to business expenses. Buyers should consult with a tax advisor for more guidance on potential reporting obligations.