MCC 7297 encompasses establishments primarily offering massage therapy and related services.
Interchange Fee
Interchange fees for transactions under MCC 7297 typically range from 1.4% to 2.7%, depending on card network policies, card type, and other factors determined by the payment processor agreement.
Cashback Rewards
Card issuers may offer standard cashback rates for transactions at establishments under MCC 7297, though specific incentives may vary based on the card type and promotional offers.
Rules and Restrictions
There are no specific rules or restrictions imposed by payment processors unique to MCC 7297 beyond industry-wide compliance standards.
Tax Reporting
The IRS may require tax reporting for purchases at establishments under MCC 7297, particularly for business expense deductions or related matters. Customers should seek guidance from a tax advisor to ensure accurate compliance.