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Credit card processing fees and related bank fees and discounts will be charged based on the chart shown below. (These fees are subject to change.) When WVU is invoiced, the total fees will be prorated to each department based on their total sales for the period.
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Estimated Annual Volume | Proposed Cost | ||||
|---|---|---|---|---|---|
Service | Count | Amount | Unit Rate | % Rate | Annual Cost (Count x Unit Rate or % Rate) |
Merchant Discount Rate | |||||
Visa | 2,200,000 | $260,000,000 | 0.15 | 1.7% | $3,396,538 |
Mastercard | 850,000 | 0.15 | 1.7% | $1,312,299 | |
Discover (including Diners & JCB) | 120,000 | 0.15 | 1.7% | $185,266 | |
Pin Debit | 1,000 | 0.15 | 1.7% | $1,544 | |
American Express (Separate Contract Maintained) | 125,000 | $27,000,000 | 2.25% | $607,500 | |
Customers
Can I check out with products from multiple stores in one cart?
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