MCC 0780 pertains to businesses that provide horticultural and landscaping services, including lawn care, tree trimming, gardening, and related outdoor maintenance services for both residential and commercial clients.
Interchange Fee
The interchange fees for MCC 0780 transactions depend on the payment network and transaction type. Typically, these services may have interchange fees ranging from 1.3% to 3.2%, with variations based on risk, transaction volume, and card network-specific assessments.
Cashback Rewards
Some credit cards may offer cash back or points on purchases with horticultural and landscaping services, particularly if they categorize such services within home improvement or lifestyle spending. The specifics depend on the individual card's reward structure and the issuing bank's criteria.
Rules and Restrictions
There are no special rules that payment processors typically enforce for transactions under MCC 0780. Standard transaction rules for both card-present and card-absent purchases apply as dictated by the respective card networks and processors.
Tax Reporting
For tax purposes in the United States, services under MCC 0780 are treated as payments for services. The IRS may require businesses to report payments if they exceed certain thresholds, but buyers are generally not directly taxed for such transactions. Compliance with tax reporting requirements is essential for service providers in this category.