7929
Bands, Orchestras, and Miscellaneous Entertainers (Not Elsewhere Classified)
MCC 7929 is used for payments to bands, orchestras, and other miscellaneous entertainers not classified elsewhere, covering various entertainment services and performances.
Interchange Fee
Interchange fees for MCC 7929 typically range from 1.75% to 3.50%, varying based on the card issuer and transaction specifics.
Cashback Rewards
Credit cards may offer 1% to 2% cashback for entertainment-related purchases, depending on specific card terms and agreements.
Rules and Restrictions
There are no special rules or restrictions for processing payments under MCC 7929 beyond the general compliance requirements for merchant categories.
Tax Reporting
Transactions under MCC 7929 may be subject to applicable local and state taxes. The IRS does not have specific tax reporting requirements for buyers under this MCC.