MCC 7321 covers services provided by consumer credit reporting agencies, which include collecting and processing credit data.
Interchange Fee
Interchange fees for transactions under MCC 7321 typically range from 1.3% to 2.9%, subject to card type and issuer agreements.
Cashback Rewards
Cashback programs for this MCC may offer general rewards or exclude these services depending on issuer-specific policies.
Rules and Restrictions
There are no special rules or restrictions specific to processing payments for MCC 7321 outside general industry norms.
Tax Reporting
IRS may require tax reporting for services under MCC 7321 based on transaction type and applicable regulations for consumer credit services.