The use of third-party payment services to process payment for goods or services offered by any University unit are not permitted, unless explicitly approved by the Associate Vice President for Budget and Finance. The use of other electronic payments such as wires, EFTs, and ACHs are not within the scope of this policy. Online systematic acceptance of other forms of electronic payments, such as wires, EFTs and ACHs, must be approved by the Associate Vice President for Budget and Finance. For this policy, the term "credit cards" shall also be construed to include "credit-card-branded," "debit cards" and "check cards." Only units which have established merchant accounts, approved through the Office of Budget and Finance, are permitted to accept credit cards as payment. To outline the Pennsylvania State University's (“University” or “Penn State”) policy on the acceptance of electronic payments, specifically credit cards, as a form of payment by University areas or departments. DOCUMENTATION OF CARDHOLDER COMPLAINTS:.ESTABLISHING A MERCHANT ACCOUNT OR TERMINAL:.With free credit card terminals and our zero fee processing program, we work to completely eliminate your processing fees so that you can turn any fees you’re paying back into profit. There are many credit and debit processing solutions out there, but we have set up our business so that we work to earn your business month after month. If you ever decide to take your credit or debit card payment processing elsewhere, you won’t be hit with a cancellation or termination convenience fee. This means that if you don’t like our service or our rates ever change, you can walk away at any point. We work only on month-to-month contracts. With Shift Processing, you process debit and credit transactions at the same rate we quote you for the life of your business. Merchant account providers have a nasty habit of giving you an introductory processing rate and then steadily increasing your rate once they’ve locked you into a long term contract. Ready to begin accepting card purchases at your business? Wanting to switch to a processor that puts you first? Lower Your Debit Card Fees With Shift Processing Current account technology manages your financial purchases for you so you don’t have to worry about it. With debit card purchases, there is no worrying about forgetting to document a purchase or adding the numbers incorrectly. All of your purchases are conveniently stored on your card’s mobile application or website. Making a mobile payment straight from your phone is just about the fastest way to make a payment leveraging current technology.įinally, debit cards make tracking purchases much easier and simpler than if you were to do it manually. Many debit cards can also be added to mobile wallets. Instead of pulling all of your money out, counting it, and then having the cashier make the correct amount of change, you simply swipe or insert a card and you’re done. Other payment solutions, like cash, can take a long time to complete the transaction. They are also a quicker payment method than cash. They make it far easier to carry money, having you simply carry a piece of plastic in your wallet rather than a bunch of different bills and coins. There are many advantages of debit cards.
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