Costs associated with accepting Credit Card Payments

Estimated Start-Up and On-Going Costs for Payment Card Merchants are subject to change without notice.These costs are charged to the department and include:

Initial Costs

POS Terminal Costs:

Purchase Analog* $300 - $500

Purchase Wireless $700-800 + $10-$20 one-time setup fee

POS Shipping & Handling Fees $5 - $10

Fed Ex or other carrier fees $ 20-$30

Cybersource MID $225 one-time setup fee, plus $.13-.19 per transaction depending on volume

PCI Compliance New applications require a QSA review prior to being put in production.Merchants should budget a minimum of $150 p/hour for 6 – 10 hours.

On-Going Costs

Wireless Purchased $10-$ 30 p/month data plan

POS Supplies (paper rolls) $5 - $25 p/month when needed

P2PE $5 p/month p/POS( required on mobile, recommended on analog)

Transaction Fees $.06- $.50 per transaction

Interchange fees 2% - 4% of the transaction and Processing fees estimated at 3%

*OIT or Communication charges for phone lines may also be charged by your campus.