8071
Medical and Dental Laboratories
MCC 8071 is used for transactions related to medical and dental laboratory services, which may include diagnostic, testing, and specialized lab functions.
Interchange Fee
Interchange fees for transactions under MCC 8071 typically range from 1.3% to 3.0% depending on card type and issuer agreements.
Cashback Rewards
Certain credit cards may offer cashback for healthcare-related spending, including lab services. Rates generally vary between 1% and 4%, subject to the issuer’s terms.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions classified under MCC 8071.
Tax Reporting
Medical expenses incurred at medical and dental laboratories may qualify as deductible medical expenses under IRS guidelines, subject to individual circumstances and applicable laws.