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.