Storefront Fees 

Storefronts are charged the following fee for use of the credit card processing system:

• Visa & Mastercard  - 27 cents per transaction + roughly 2.0%
• American Express - 27 cents per transaction + roughly 2.9%

The breakdown of fees are as follows:

1. Bank Intercharge Rate - Visa/MasterCard/American Express charges the merchant to accept the card as a form of payment. These fees are a variable based on the number of circumstances, but are roughly 1.9-2.1% for Visa/MasterCard and 2.9% for American Express.  Additionly, we are charged $0.10/transaction.
2. Paymentech - This is our processor which moves the funds between the cardholders bank and our bank. We pay a fixed .2663% (.002663) of the transaction amount.
3. CyberSource - This is our third-party web source who provides us with the ability to process these credit card payments over the web. We allocate the university cost of this service currently at $0.17/transaction.