MCC 8049 covers transactions related to services rendered by podiatrists and chiropodists, including diagnosis, treatment, and specialized foot care.
Interchange Fee
Interchange fees for MCC 8049 typically range from 1.4% to 3.2% depending on the type of card used (e.g., debit, credit, or premium cards) and the issuing bank's specific policies.
Cashback Rewards
Many cards provide cashback on healthcare-related purchases, including podiatrist visits. The cashback percentage varies based on card issuer and type; common rates range from 1% to 5%.
Rules and Restrictions
There are no special rules or restrictions that payment processors impose specifically for transactions under MCC 8049.
Tax Reporting
Certain healthcare services, including those provided by podiatrists, may qualify as deductible medical expenses for IRS reporting. Eligibility depends on individual tax circumstances and applicable regulations.