MCC 4899 pertains to businesses offering pay television, radio, and streaming services via cable, satellite, or other distribution methods.
Interchange Fee
Transactions under MCC 4899 may incur interchange fees ranging between 1.3% and 2.5% depending on the terms and the specific arrangements with the card networks or processors.
Cashback Rewards
Certain rewards credit cards may offer cashback or special rewards for entertainment or streaming service transactions. This varies by the issuing bank's rewards policy and terms.
Rules and Restrictions
There are no specific rules or restrictions imposed by payment processors that are unique to MCC 4899 transactions. Standard policies for digital or subscription services apply.
Tax Reporting
For MCC 4899, the IRS may consider applicable taxes depending on the business context. Personal streaming services generally do not require special reporting, whereas business-related expenses might.