Why does NCSU charge a transaction fee for credit card payments?
The 2% fee on credit card transactions is to cover the fees charged to the university by the credit card companies. All credit card companies charge a percentage of the transaction amount to the person/company/agency receiving the payment (referred to as merchant service fees). MasterCard charges fees of approximately 2% of the transaction amount. The university pays that amount directly to the credit card company. We do not keep it. Since these fees represent a cost directly related to an individual payment, we pass that along to the individual payer rather than treating it as a general cost to be supported by all students. Keep in mind that payment can be made by electronic check (ACH debit) at no cost to you, and payment by regular check is still available at no cost.
