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Why is Concordia University charging a convenience fee for the use of my credit card?

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Why is Concordia University charging a convenience fee for the use of my credit card?

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While credit card payments offer a convenient manner for students and parents to make payments on their student accounts, the cost to Concordia University for providing this convenience has grown to more than $40,000 annually. The Board of Regents has decided to require those who want the convenience of paying with a credit card to cover the merchant fees that are charged to Concordia University by the credit card companies.

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