MCC 8299 covers schools and educational services that do not fall under specific categories, providing a range of educational offerings and specialized training.
Interchange Fee
The interchange fees for transactions associated with MCC 8299 can range from 1.5% to 3.0%, depending on the card issuer, type of card, and transaction specifics.
Cashback Rewards
Certain credit card issuers may offer cashback rewards for payments under this MCC, typically varying between 0.5% and 2%, subject to specific terms and promotions.
Rules and Restrictions
There are no special rules or restrictions set by payment processors for transactions related to MCC 8299.
Tax Reporting
Education-related payments under MCC 8299 may qualify for certain educational tax credits or deductions. Please consult a tax professional for detailed advice regarding your tax situation.