7535
Automotive Paint Shops
MCC 7535 covers businesses primarily engaged in automotive painting services for various vehicle types, specializing in repair and cosmetic applications.
Interchange Fee
Transactions under MCC 7535 typically incur interchange fees ranging from 1.1% to 3%, depending on the card network and other factors.
Cashback Rewards
Cashback rewards for automotive paint services may vary, often ranging from 0.5% to 2%, contingent on the card issuer's reward program.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 7535 beyond standard payment processor policies.
Tax Reporting
Tax obligations for services under MCC 7535 depend on applicable state and federal tax laws. Buyers should refer to IRS guidelines for specific tax implications.