MCC 7361 refers to services related to employment agencies and temporary help services, offering staffing solutions across industries.
High Risk
This MCC is considered high-risk for chargebacks and disputes due to the nature of employment and temporary help services, which can involve issues related to job placements, service quality, and contractual obligations. Customers may dispute charges if the services provided do not meet expectations or agreed terms. However, this MCC is not typically blocked by card issuers.
Interchange Fee
Typical interchange fees for transactions under MCC 7361 may range from 1.8% to 3.2%, depending on the card network and issuer agreements.
Cashback Rewards
Cashback rates for services in this category typically range between 1% and 2%, based on issuer-specific programs and promotions.
Rules and Restrictions
There are no special rules or restrictions specifically for MCC 7361 payments; general payment processing regulations apply.
Tax Reporting
IRS guidelines may require reporting of expenses related to employment and staffing services under MCC 7361 for tax purposes.