MCC 7998 covers transactions related to aquariums, seaquariums, dolphinariums, and zoological parks, offering visitors a wide range of educational and recreational experiences.
Interchange Fee
For transactions under MCC 7998, interchange fees typically range between 1.5% and 3% depending on card type, card network policies, and the specific terms set by the merchant’s acquiring bank.
Cashback Rewards
Credit cards that categorize entertainment and recreational activities may offer cashback rewards or bonuses on purchases related to MCC 7998. Specific rewards vary based on card issuer policies.
Rules and Restrictions
There are no special rules imposed by payment processors for MCC 7998. However, terms and conditions may vary depending on individual card issuers.
Tax Reporting
For MCC 7998, the IRS may apply taxes if purchases involve taxable benefits or services. Tax implications can vary based on transaction specifics and the type of entity making the purchase.