MCC 9223 refers to transactions for bail and bond payments, typically processed through legal or court institutions.
High Risk; Restricted
This MCC is considered high-risk due to the nature of bail and bond payments, which can be associated with legal and financial risks. As a result, transactions under this MCC may be subject to additional scrutiny and restrictions by card issuers and payment processors. Merchants processing these transactions may need to register with the card network and adhere to specific operational guidelines.
Interchange Fee
Interchange fees for transactions under MCC 9223 generally range from 2.0% to 3.5%, with potential variations based on card networks and agreements with payment processors.
Cashback Rewards
Most credit cards do not offer cashback rewards for bail and bond payments due to their classification as legal obligations.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specifically for MCC 9223 transactions.
Tax Reporting
Bail and bond payments are generally not subject to taxation by the IRS as these payments are considered legal fees rather than taxable transactions for the buyer.