Comptroller's Office
 Policies and Procedures Manual

Effective: 01/01/2000
Revised: 05/16/2013 

CMP 301 04: Authorization and Procedure for Departmental Credit Card Acceptance


Purpose

To establish the approval process and procedures for authorization to accept credit cards.


Source

University policy

Policy

To be authorized to accept Credit Card payments, you must first obtain permission from the Comptroller. Subsequent to that authorization, you may then initiate arrangements through the Student and Departmental Account Services (Student Accounts) for issuance of a merchant number and credit card machine through JP Morgan Chase.

Departments are encouraged to explore the use the ITS E-Business credit card processing before requesting departmental credit card machines.  Please refer to the ITS E-Business site for more information.


Procedure


Credit Card Point of Sale Charges 

 

 

MASTERCARD SALES TRANS FEE

0.070000

04/01/1999

MASTERCARD CREDITS TRANS FEE

0.070000

04/01/1999

VISA SALES TRANS FEE

0.070000

04/01/1999

VISA CREDITS TRANS FEE

0.070000

04/01/1999

DEBIT/ATM CARD TRANSACTION FEE

0.180000

00/00/0000

CHARGEBACK FEE

10.000000

08/13/1999

MC BILLBACK AMOUNT

0.000000

04/24/1999

VISA BILLBACK AMOUNT

0.000000

04/24/1999

DEBIT INTERCHANGE FEE

0.000000

04/24/1998

JCB SALES DISCOUNT

0.024000

07/03/1999

MASTERCARD SALES DISCOUNT

0.018100

04/01/2002

VISA SALES DISCOUNT

0.018100

04/01/2002

 

Note #1:        If you lease equipment there is also a Terminal Lease Fee based on the type of equipment you are leasing. 

Note #2:      Discover and American Express have a different Fee structure and are charged daily.

 

Icheck fees will continue to be charged to Business Office Account UBO 2556.

 


Cross Reference


"Departmental Receipts and Deposits" - CMP 307.


 

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