MCC 7801 encompasses transactions involving government-licensed online casinos operating within the US region, adhering to regulatory oversight for secure and controlled gambling services.
Interchange Fee
Interchange fees for transactions under MCC 7801 typically range from 2.00% to 3.50%, depending on the card issuer and transaction volume specifics.
Cashback Rewards
Cashback rewards for MCC 7801 transactions are generally excluded or significantly limited due to the nature of gambling services. Some issuers may provide a nominal reward or impose restrictions.
Rules and Restrictions
There are no specific rules beyond existing government regulations for transactions involving MCC 7801. All such transactions are subject to compliance with state and federal laws governing online casinos.
Tax Reporting
Winnings and transactions involving MCC 7801 may be subject to IRS tax reporting requirements, with gamblers expected to declare and report winnings according to state and federal tax laws.