MCC 8021 represents transactions made with dentists and orthodontists for general dental care, orthodontic services, and specialized dental treatments.
Interchange Fee
Interchange fees for MCC 8021 typically range from 1.4% to 3.0% depending on the card type (debit, credit) and the processing network. Healthcare services can have negotiated rates, so actual fees may vary.
Cashback Rewards
Cashback policies for MCC 8021 transactions may vary across card issuers. While some healthcare cards may offer cashback for dental visits, others may exclude this category. Check with individual card issuers for details.
Rules and Restrictions
There are no special rules imposed by payment processors for transactions under MCC 8021.
Tax Reporting
The IRS does not apply taxes to buyers for services rendered under MCC 8021. However, dental expenses may be eligible for tax deductions if they qualify as medical expenses. Consult a tax advisor for detailed guidance.