Fees Detail

Merchant Services Fees
Merchant Services is our vendor that establishes the merchant account to accept payments for Mastercard, Visa, Discover Card and American Express credit cards. A Merchant ID (MID) is assigned to each card brand. Merchant Services also acts as a processor for each transaction, communicating with the credit card brands to gain authorization, capturing data for each transaction, and communicating with the acquiring bank to help settle transactions and disputes.

Merchant Services fees are billed monthly and automatically withdrawn from the University’s bank account. KU Student Accounts & Receivables will charge back these fees to each department according to the statement.

Fees associated with becoming a merchant to accept credit card payments: 

  • Setup Fee — $99.00 (one time only for each new Merchant ID)
  • Interchange & Merchant Services Fee — Range from 1.5% - 2.5% based on the type of card presented as payment. Each credit card issued to the consumer is backed by a financial/banking institution and has specified features and promotions. 

Payment Application Fees
Payment application fees are various fees that a supplier may charge to use their online application to accept payments. This amount could be included in the overall contracted services annual amount or billed on an incremental basis by month. This amount may also include a nominal amount per batch and per transaction.

TouchNet Information Systems has a TouchNet Ready Partners program that includes numerous suppliers offering an array of functionality software applications compatible to process online through TouchNet UCommerce Marketplace.

  • Touchnet Partner Implementation Fee —​ $1,250.00
  • TouchNet Partner Annual Maintenance Fee — $1,500.00

Payment Gateway Fees
Gateway fees are the costs charged by companies for access to the networks that handle the financial data processing of credit card purchases. This may include setup, monthly maintenance and transaction fees. The selected gateway must be compatible with the payment application to communicate and execute transactions with Merchant Services.


Credit Card Terminal and Equipment
Select credit card terminals and pin pads may be purchased through KU’s designated contracted service providers based on stand-alone operation or connectivity with other payment systems. All equipment is EMV certified by the Payment Card Industry Security Standards Council.

First Data FD130 (only)

$375

Specs
Help Guide

First Data FD130 Duo (with pin pad)

$375

Specs
Help Guide

First Data FD35 Pin Pad (only)

$199

Specs
Help Guide

First Data FD410 Remote Cellular Terminal

$766

Specs
Help Guide