Education

MCC 8299

Schools and Educational Services - Not Elsewhere Classified

medium Risk

Risk Assessment

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

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

Correspondence Schools

Business and Secretarial Schools

Vocational and Trade Schools

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