MCC 7800 applies to transactions involving government-operated lotteries within the US region, offering regulated lottery sales through authorized channels.
Interchange Fee
Interchange fees for MCC 7800 transactions generally range between 1.75% to 3.25% based on card type and issuer agreements.
Cashback Rewards
Certain card programs may exclude lottery purchases from cashback rewards, or offer minimal returns such as 0.5% depending on issuer-specific terms.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 7800 beyond standard regulatory requirements for government lottery sales.
Tax Reporting
Depending on state and federal regulations, lottery winnings may be subject to income tax reporting by the IRS. Buyers and winners are advised to consult tax professionals for specifics.