MCC 8999 covers a broad range of professional services that are not classified under other specified codes, catering to unique, specialized, or miscellaneous professional needs.
Interchange Fee
Interchange fees for transactions categorized under MCC 8999 can range from 1.5% to 3.5%, influenced by factors such as the type of professional service, volume of transactions, and agreements between merchants and payment processors.
Cashback Rewards
Eligibility for cashback rewards on expenses under MCC 8999 varies across card issuers. Certain business-oriented cards may provide bonus cashback for professional services.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions processed under MCC 8999.
Tax Reporting
Depending on the context of the transaction, payments categorized under MCC 8999 may require tax reporting to the IRS. The specifics depend on the professional service rendered and the tax laws applicable to the buyer and seller.