MCC 7251 covers establishments providing shoe repair services, shoe shining, and hat cleaning services, including specialty footwear care.
Interchange Fee
The typical interchange fee for transactions under MCC 7251 can range from 1.5% to 3%, varying based on card network agreements and transaction specifics.
Cashback Rewards
Many card issuers offer cashback rewards for purchases at shoe repair and related establishments under MCC 7251, often providing 1% to 2% rewards depending on the specific card program.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for MCC 7251. Standard transaction processing protocols apply.
Tax Reporting
The IRS may apply tax reporting requirements depending on the nature of services purchased under this MCC. Tax obligations vary; consult a tax professional for guidance specific to your circumstances.