MCC 5599 is used for merchants that provide various automotive-related goods and services not classified under more specific codes.
Interchange Fee
Interchange fees for transactions with miscellaneous automotive merchants typically range from 1.5% to 3%, varying based on card type and issuer.
Cashback Rewards
Certain card issuers may provide cashback rewards of 1% to 2% for purchases made at miscellaneous automotive merchants, depending on the specific card program.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for transactions under MCC 5599.
Tax Reporting
Tax reporting for transactions under MCC 5599 varies depending on state and local regulations. The IRS generally applies applicable taxes at the point of sale.