CFS Credit Card Fee FY 2018-19
Please be advised that effective July 1, 2018, the new rate for the Campus Credit Card Fee is 0.3472% as approved by the UCLA Policy Committee on Sales and Services Activities and Service Enterprises (POSSSE).
The fee will cover costs related to credit card acceptance and compliance, reconciliation and CASHNet support incurred by campus departments. The fee is based on full cost recovery and includes all related ITS expenses. The fee will be recognized as revenue amongst Treasury Services, Accounting & Cash Management, and Payment Solutions & Compliance.
It should be noted that this fee is not to be confused with merchant fees, which are a separate charge by banks and financial institutions.
The rate derivation can be found under Related Information.
Please submit any inquiries to [email protected].