Credit Card Acceptance and Processing
Acceptance of credit card payments on behalf of the University requires the prior approval of Treasury Operations.
There are a variety of costs associated with accepting credit cards, including fees (1.5%-3%) and the receipt and processing of cardholder data must be handled in a secure manner and in compliance with Payment Card Industry Data Security Standards. Therefore, the decision to accept credit card payments must be justified based on cost, the volume of expected activity and the expected impact on revenues, receivables, staff time and effort, customer service and convenience, etc.
Interested departments must complete an Application to become a Merchant Department which can be requested by contacting Allison Zwaschka at 617-627-2145 and comply with the University’s policy on Accepting Credit Card and eCommerce Payments. The application will be reviewed and the applicant will be contacted by Treasury Operations.
Questions may be directed to Allison Zwaschka in the Treasury office at 617-627-2145.