MCC 9402 represents transactions related to government postal services, encompassing all official mail handling activities.
High Risk; Restricted
This MCC is considered high-risk due to the restricted and sensitive nature of government postal services. Merchants dealing with these services must adhere to strict regulations and may require additional verification and registration with the card network. Consequently, transactions under this MCC may be subject to higher scrutiny and restrictions by card issuers.
Interchange Fee
Interchange fees for government postal services typically range from 1.2% to 3.0%, varying by the card network and any specific terms negotiated with the government.
Cashback Rewards
Government-related postal transactions under MCC 9402 generally do not qualify for cashback rewards with most card issuers, as they are considered non-rewardable categories.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors specifically for MCC 9402 transactions.
Tax Reporting
Payments for government postal services typically do not incur tax obligations for buyers, as they are treated as government transactions.