MCC 8675 is used for transactions involving automobile associations, including membership dues, related services, and any additional offerings by such organizations.
Interchange Fee
Interchange fees for MCC 8675 transactions typically range from 1% to 3%, depending on agreements with card networks and issuers. Automobile associations may have special considerations based on their non-profit status or volume of transactions.
Cashback Rewards
Cashback rewards may or may not be offered on transactions classified under MCC 8675, depending on the card issuer’s reward program. Generally, automotive-related expenses may qualify for standard rewards rates, but promotions are issuer-specific.
Rules and Restrictions
There are no special rules or restrictions that payment processors apply to transactions classified under MCC 8675.
Tax Reporting
Membership fees and services provided by automobile associations under MCC 8675 are typically not subject to IRS tax obligations for buyers. However, any services or transactions not covered by membership dues may have separate tax implications.