To accept bank/credit cards for the payment for products, events, workshops, courses, etc., a department must obtain a merchant ID through our Acquirer bank (currently, Bank of America). The merchant must follow all compliance, security standards and policies established by the bank, Payment Card Industry Council and The University of Arizona.
The merchant is responsible for all credit card fees, terminal, authorization gateway and compliance charges associated with acceptance of bank/credit cards. The bank/credit rates (interchange) are based on the type of card (AMEX, MC/Visa or Discover) utilized for the transaction.
A merchant must accept MasterCard and Visa. However, a merchant may choose to accept American Express or Discover as well.
When pricing goods and services, it is good practice to include the following:
Fees and costs are tied to the type of acceptance method (e.g. e-commerce, terminal) and credit card (e.g. Visa/MC, Discover, AMEX, government, business, reward, etc.) used by customer transaction. The basic fees are outlined here.
To establish a merchant account, the department must complete a Merchant Application (download below) and email it to: merchants [at] fso [dot] arizona [dot] edu.
If you have any questions or need more information, please contact merchants [at] fso [dot] arizona [dot] edu (Campus Banking & Merchant Services) at 621-5781.
|Merchant Application||40.88 KB|