MCC 8062: Hospitals
MCC 8062 is the merchant category code for hospitals. Visa, Mastercard, Discover, and American Express assign it to businesses such as hospitals, surgical centers, and medical centers.
- Code
- 8062
- Category group
- Professional Services and Membership Organizations
- Risk rating
- Standard risk
Which businesses use MCC 8062?
Acquiring banks assign MCC 8062 to merchants whose primary line of business is hospitals. Common examples include:
- Hospitals
- Surgical centers
- Medical centers
Is MCC 8062 considered high risk?
Most acquirers approve this MCC with standard underwriting, no rolling reserve, and access to the lowest interchange categories.
How does MCC 8062 affect processing fees?
MCC 8062 determines which interchange category Visa and Mastercard apply to each transaction. Codes in the professional services and membership organizations range share interchange programs, so two merchants with the same card mix but different MCCs can pay different wholesale rates.
Payment processing for MCC 8062 merchants
Niche Payments runs a dedicated healthcare payment processing program for businesses classified under MCC 8062. Patient payments that fit how your practice actually runs.
- HIPAA-aware card storage and patient payment plans
- HSA and FSA card acceptance at the front desk and online
- Text-to-pay and patient portal invoicing
Frequently asked questions
What does MCC 8062 mean?
MCC 8062 is the merchant category code for Hospitals. Card networks use it to classify transactions from businesses such as hospitals, surgical centers, and medical centers.
Is MCC 8062 high risk?
MCC 8062 is generally rated standard risk. Most acquirers approve this MCC with standard underwriting, no rolling reserve, and access to the lowest interchange categories.
Can a business change its MCC from 8062?
A business can request a different MCC through its acquiring bank. The acquirer reviews what the business actually sells and reassigns the code only if 8062 does not describe the primary line of business.