MCC 8699 is used for transactions involving a variety of membership organizations that are not classified elsewhere. It covers a broad range of group-based memberships and associations.
Interchange Fee
Interchange fees for transactions under MCC 8699 generally range between 1% and 3%. This varies based on the type of membership organization and its agreement with payment processors.
Cashback Rewards
Cashback rewards depend on individual card issuer policies. Membership-related expenses may qualify for base cashback rates or promotional offers depending on issuer programs.
Rules and Restrictions
There are no special rules or restrictions for payment processing of transactions classified under MCC 8699.
Tax Reporting
Tax reporting obligations depend on the nature of the membership organization and its specific services. Membership dues for non-profit organizations under this MCC may have different tax implications compared to commercial associations, but typically, buyers are not subject to direct IRS tax obligations.