MCC 7217 pertains to establishments offering professional carpet and upholstery cleaning services, suitable for residential and commercial settings.
Interchange Fee
The typical interchange fee for MCC 7217 transactions ranges from 1.5% to 3.0%, based on factors like transaction type, card issuer, and whether the transaction is card-present.
Cashback Rewards
Certain credit card reward programs may offer cashback for services under MCC 7217, with specific rewards depending on the card issuer's program terms.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for MCC 7217. Transactions follow standard procedures based on card issuer policies.
Tax Reporting
Tax reporting requirements for MCC 7217 transactions may apply if used for business purposes, per IRS guidelines. Buyers are encouraged to consult a tax professional for detailed obligations.