7542
Car Washes
MCC 7542 refers to businesses providing car wash services, including automatic and manual washes.
Interchange Fee
Interchange fees for MCC 7542 typically range between 1.1% and 2.9%, varying based on the payment network and specific card issuer policies.
Cashback Rewards
Cashback rewards for car wash purchases may vary from 0.5% to 2% depending on the card's rewards program.
Rules and Restrictions
There are no specific rules or restrictions for processing transactions under MCC 7542 outside standard payment processor policies.
Tax Reporting
Tax reporting obligations for services under MCC 7542 depend on federal and state tax laws. Buyers should refer to IRS guidelines for potential tax liabilities.