MCC 7992 is used for transactions related to public golf courses, including fees for playing, rentals, and associated activities.
Interchange Fee
The typical interchange fees for transactions under MCC 7992 range between 1.30% to 2.95%, depending on factors such as the card network, card type, and transaction processing method.
Cashback Rewards
Certain credit cards may offer cashback on entertainment or sports-related purchases, which can include transactions at public golf courses. Cashback rates often range from 1% to 3%.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under MCC 7992. Standard processing guidelines apply.
Tax Reporting
Tax obligations related to transactions under MCC 7992 depend on applicable local and federal laws. The IRS may require tax reporting based on specific purchase circumstances and value.