MCC 8641 pertains to organizations formed for civic, social, or fraternal purposes, often focused on serving community interests, fostering social bonds, and supporting charitable missions.
Interchange Fee
Transactions associated with MCC 8641 typically incur standard interchange fees, which can range from 1% to 3% based on card issuer policies and payment network agreements. Special rates may apply for charitable contributions in certain cases.
Cashback Rewards
Many credit card issuers do not offer specific cashback rewards for transactions classified under MCC 8641; however, general rewards programs may still apply based on cardholder agreements.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for processing transactions under MCC 8641.
Tax Reporting
Membership fees and contributions made to organizations under MCC 8641 may be eligible for tax deductions, depending on IRS regulations and the organization's tax-exempt status. Consult a tax advisor for specifics regarding deductibility.