MCC 8734 is designated for non-medical testing laboratories, which provide testing services for a variety of industries, including materials testing, product compliance, and more.
Interchange Fee
Interchange fees for MCC 8734 typically range between 1% and 3%, based on agreements between the merchant and payment processors, and may vary depending on transaction volume and merchant risk assessment.
Cashback Rewards
Cashback eligibility for transactions under this MCC depends on specific card issuer policies. Business-to-business (B2B) transactions may qualify for special cashback rates in some cases.
Rules and Restrictions
There are no special rules or restrictions for processing transactions under MCC 8734 by payment processors.
Tax Reporting
IRS tax obligations related to this MCC depend on the nature of the services offered by the testing laboratory. Generally, the buyer is not directly taxed for the transaction, but the laboratory may have specific tax implications depending on jurisdiction.