MCC 8651 refers to political organizations, including political parties and advocacy groups, involved in promoting or opposing political issues or candidates.
Interchange Fee
Transactions for MCC 8651 typically incur standard interchange fees, which may range from 1% to 3% depending on the card issuer, payment network, and specific arrangements. These rates may vary based on the nature of the transactions and card policies.
Cashback Rewards
Credit card issuers generally do not offer specific cashback rewards for transactions with MCC 8651. Standard rewards may apply according to the cardholder's agreement.
Rules and Restrictions
There are no special rules or restrictions that payment processors apply to transactions classified under MCC 8651.
Tax Reporting
Contributions made to political organizations classified under MCC 8651 may or may not be tax-deductible based on IRS guidelines and applicable tax laws. Consult a tax professional for specific information.