Why doesn’t WMU accept Visa?
The third-party credit card processor contracted by WMU, TouchNet, charges a pro-rata convenience fee of 2.75 percent of the student’s total bill or $3, whichever is larger. Visa only allows a flat fee but not a pro-rata convenience fee. Visa’s flat fee method would require the same flat fee charge regardless of the dollar amount of the transaction. The current pro-rata method allows TouchNet to recover its cost of doing business while those customers who choose to pay with a credit card share this expense at an equal rate. Visa’s method of charging a convenience fee would disadvantage many credit card customers.
