MCC 7941 encompasses transactions related to commercial sports, professional sports clubs, athletic fields, and sports promotion activities.
Interchange Fee
Interchange fees for MCC 7941 typically range from 1.30% to 3.00%, depending on factors such as the card network, transaction type, and other considerations.
Cashback Rewards
Cashback rewards for transactions under MCC 7941 may vary, with most credit card issuers offering 1% to 5% cashback on entertainment or sports-related categories, subject to individual card promotions.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specifically for transactions under MCC 7941 beyond standard merchant guidelines.
Tax Reporting
Depending on the jurisdiction, transactions under MCC 7941 may be subject to applicable sales taxes. The IRS may apply relevant taxes based on the transaction's nature and local regulations.