Merchant Responsibilities
As an NKU merchant, you assume responsibility for your department's adherence to the NKU Credit Card Processing and Security Policy. Breach of this agreement will result in a suspension of merchant account until required compliance is attained. Also, each employee whose job includes the processing of credit card payments is required to sign the NKU Confidentiality/Non-Disclosure Agreement and attend annual training for merchant certification. Please submit all completed forms to Robert Strunk LAC 235.
Fees
As an NKU Merchant, you assume responsibility for all fees associated with your credit card processing. This includes the rates applied by PNC Merchant Services which is 6 basis points (.06%) on all transactions plus interchange as assessed by the credit card companies, and the cost of the POS device and or system. If you choose to use internet based processing, PNC will assess a $150 one-time setup fee, $15 monthly gateway maintenance fee and $.10 per transaction fee. Additional, any fees charged by Authorize.Net would also be the merchant's responsibility.
Deposit of Profits
The following procedures are required in order to insure your credit card deposits are allocated correctly to your internal account via SAP...(to be continued)
For the last step click next.
