MCC 7641 encompasses services related to furniture reupholstery, repair, and refinishing, including restoring and refurbishing furniture pieces to their original or customized conditions.
Interchange Fee
Transactions under MCC 7641 typically incur interchange fees ranging from 1.3% to 2.9%, depending on the card network and specific agreements with merchants.
Cashback Rewards
Cashback rewards for services under this category may vary between 0.5% and 1.5%, depending on the cardholder's credit card rewards program.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 7641. Standard rules apply for service-based purchases.
Tax Reporting
Tax reporting for services under this MCC may vary by state and federal guidelines. Buyers should refer to IRS regulations to determine applicable taxes.