MCC 7311 covers services related to advertising, including media buys, ad agencies, and marketing campaigns tailored to various industries.
Interchange Fee
The interchange fees for transactions under MCC 7311 generally range between 1.5% to 3.2%, depending on card type and issuing bank agreements.
Cashback Rewards
Cashback rewards for advertising services may vary based on card issuers. Most cashback programs offer standard rates with occasional promotional bonuses.
Rules and Restrictions
There are no special rules or restrictions specifically associated with processing transactions for MCC 7311 beyond general payment processing guidelines.
Tax Reporting
The IRS may require tax reporting for services under MCC 7311 depending on the nature of the transaction and specific tax laws applicable to advertising services.