Re: credit card payments

From: Barry Greenberg (bgreenb@siue.edu)
Date: Thu Jun 07 2001 - 18:12:08 EDT

luz,

i am wrestling with how credit card usage has had much of an impact on
collections. wouldn't the person who pays via a credit card, pay via cash
or check if the credit card option not available? i know there would be a
reduction in bad checks but how significant is that? thanks for any insight.

barry greenberg
siu edwardsville

Luz Merkel wrote:
>
>This is the same situation at Whitworth College, we also consider this
>ever-increasing cost as a "cost of doing business"; accepting credit cards
>has also kept our collection within reasonable levels.
>
>Luz Merkel
>Whitworth College
>
>
>-----Original Message-----
>From: McCue, Cathy [<mailto:CMcCue@iona.edu>mailto:CMcCue@iona.edu]
>Sent: Wednesday, June 06, 2001 5:48 PM
>To: bursar-l@virginia.edu
>Subject: RE: credit card payments
>
>We do not charge an administrative fee. It is a "cost of doing business".
>Our discount fees are very low---check with the company you are dealing
>with. They ARE negotiable.
>
>Cathy J. McCue
>Bursar
>Iona College
>715 North Avenue
>New Rochelle, NY 10801
>(914) 633-2125
>
>
>-----Original Message-----
>From: Therese DelPonte
>[<mailto:tdelpont@postoffice.providence.edu>mailto:tdelpont@postoffice.providence.edu]
>
>Sent: Wednesday, June 06, 2001 8:33 AM
>To: bursar-l@virginia.edu
>Subject: credit card payments
>
>I would appreciate hearing from any and all schools that accept credit card
>payments for their undergraduate day school students.
>
>Do you incorporate the cost of the merchant fee into cost of your tuition?
>Do you charge an administrative fee equal to or greater than the merchant
>fee?
>How do you defray the cost?
>
>Thanks
>Therese M. DelPonte
>Coordinator of Student Accounts
>Providence College
> 

-- 
Barry Greenberg
Acting Bursar
P.O. Box 1042
Office of the Bursar
Southern Illinois University Edwardsville
Edwardsville, IL  62026

e-mail             bgreenb@siue.edu
phone             (618) 650-3138
fax                 (618) 650-2971
Bursar Home page   www.siue.edu/BURSAR
SIUE Home page     www.siue.edu

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