8111
Attorneys, Legal Services
MCC 8111 covers transactions related to legal services provided by attorneys and legal practitioners.
Interchange Fee
Typical interchange fees for MCC 8111 range from 1.3% to 3.5%, depending on the card network and specific agreements with the issuer.
Cashback Rewards
Some credit cards may offer 1% to 2% cashback for legal service payments. Cashback rates vary based on the issuing bank’s terms and conditions.
Rules and Restrictions
There are no special rules or restrictions applied by payment processors for transactions categorized under MCC 8111.
Tax Reporting
Legal expenses under MCC 8111 may be tax-deductible under certain conditions. Consult IRS guidelines or a tax professional for details on reporting such expenses.