MCC 8211 refers to transactions with elementary and secondary schools, typically including public and private institutions providing education from kindergarten to high school levels.
Interchange Fee
Interchange fees for transactions under MCC 8211 generally range from 1% to 3%, with variations depending on the issuing bank and specific card agreements.
Cashback Rewards
Cashback rewards may apply to payments in this category, typically ranging from 0.5% to 2%, depending on the credit card program and issuer policies.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors on transactions categorized under MCC 8211.
Tax Reporting
Expenses categorized under MCC 8211 may be tax-deductible in some scenarios. It is advisable to refer to IRS guidelines or consult with a tax professional for accurate reporting and deductions related to education expenses.