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8220Low RiskGeneral Retail
Colleges, universities, professional schools, and junior colleges
Merchant classification for Colleges, universities, professional schools, and junior colleges.
Interchange Group
General Commerce
Chargeback Threshold
1.0% (Visa/MC)
Underwriter Note
Standard card-present or standard cart parameters.
Mitigation Strategy
Issue receipts promptly and clearly process refunds within 3 days.
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