This Indianapolis Observer received the following notice from Indiana University-Purdue University in Indianapolis.
"In order to continue to accept credit cards, payments made with MasterCard, Discover, and American Express on student bursar accounts at IUPUI (Indianapolis) a 2.7% 'convenience fee' (service charge) will be assessed by the third party vendor on the payment amount effective August 1, 2010. Unfortunately, because of limitations imposed by VISA we will no longer be able to accept VISA as a payment method for the student bursar account, effective August 1, 2010."
Oh, and "Note: the 2.7% rate is subject to change."
This Indianapolis Observer thinks that VISA opted out 'cause they prohibit a vendor's passing the service charge onto the client.
In any case, IUPUI should be embarrassed to "doing a Ticketmaster" on its students!
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1 comment:
This is outrageous! It's more than just convenience, there were several times during my time at IU (Bloomington) that I had to use a credit card to pay for a class. It was the only way to graduate on time. This is nothing short of cheating students. I wonder if the federal loans allow those funds to be used for this fee.
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