MCC 7991 covers transactions related to tourist attractions and exhibits, including entrance fees and related purchases.
Interchange Fee
Interchange fees for MCC 7991 transactions typically range from 1.20% to 3.00%, depending on the card network, transaction type, and merchant arrangements.
Cashback Rewards
Many credit card issuers offer cashback on travel and entertainment categories, which may include tourist attractions. Cashback rates typically range from 1% to 5% depending on specific card benefits and promotions.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 7991, beyond standard payment processing guidelines.
Tax Reporting
Tax implications for transactions under MCC 7991 depend on local laws and regulations. The IRS may apply relevant taxes on purchases, depending on the nature of the attraction or exhibit and local tax codes.