Education

MCC 8241

Correspondence Schools

medium Risk

Risk Assessment

This MCC may face some restrictions or higher rates depending on the acquirer. Some mainstream PSPs may decline.

Online education - subscription model concerns

This MCC is commonly used in the following industries we specialize in:

Slightly elevated rates possible. Expect 2.5-4% depending on specific business model and volume.

5-10% rolling reserve may be required initially, often released after 6-12 months.

Some mainstream PSPs may decline. Specialized acquirers recommended for best terms.

Extended underwriting. 1-3 weeks typical.

Elementary and Secondary Schools

Colleges, Universities, Professional Schools

Business and Secretarial Schools

Vocational and Trade Schools

Schools and Educational Services - Not Elsewhere Classified

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