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Open A Payment Card Merchant Account (PDF).pdf

Open-a-Credit-Card-Merchant-Account.pdf
Preview of Open a Payment Card Merchant Account (PDF)
🔗 Source: businessservices.wisc.edu
📊 Size: 358 KB
👤 Author: Janet Hamm
⬇️ Downloads: 188

Summary

- Revenue from sales will be deposited into a UW Madison bank account and posted to WISDM two days after the transaction.
- Expenses associated with credit card sales are billed monthly and may include terminal costs and transaction fees.
- Elavon processing fees are approximately 2% per transaction, with additional fees for monthly maintenance and chargebacks.
- American Express charges 2.1% per transaction.
- To request a new merchant account, complete the Credit Card Merchant ID Request Form and obtain approval from the Divisional Business Representative.
- Merchants must contact Cash Management to obtain access to Merchant Connect and reconcile transactions to WISDM.
- The PCI Site Manager must schedule a PCI Site visit and submit business procedures and a continuity plan to Cash Management.
- For electronic payments, contact Cash Management for equipment types and pricing information.
- For Internet storefronts, use CASHNet or obtain approval for another Service Provider.
- Ensure adequate physical security for paper documents containing credit card information and follow guidelines for storing and destroying sensitive information.

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Description

- Revenue from sales will be deposited into a UW Madison bank account and posted to WISDM two days after the transaction.
- Expenses associated with credit...

Technical Information

  • File Format: PDF
  • File Size: 358 KB
  • Pages: 3
  • Language: EN
  • Author: Janet Hamm
  • Total Downloads: 188
  • Last Updated: 1 week ago

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This PDF document about Open a Payment Card Merchant Account (PDF) provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Open a Payment Card Merchant Account (PDF).

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