Becoming a Merchant

Types of Merchant Accounts

The right card processing solution depends on the nature and volume of the transactions

 

• Point of Sale
  Desktop terminal or software based register which accepts swiping of the card. Debit cards with PIN require additional equipment. Equipment is rented ($21.95/month) or purchased ($350) through Bank of America.
• Dial Pay
  Telephone based account with no equipment required. Ideal for 10 or fewer transactions per week. Credit card and per transaction rates are higher.
• eCommerce
  Authorizing, processing, and settling credit card transactions through a website gateway. Bank of America provides the CyberSource gateway at a rate of $19.95/month.

Establishing a Merchant Account

Once your department has decided to accept bankcards (credit cards), please contact Campus Banking & Merchant Services at 621-5781 or email merchants@fso.arizona.edu. We will provide the application checklist for the department to complete, which outlines department contacts and department FRS accounts where funds will be deposited.

 

Merchant Services will then complete the application to Bank of America for merchant numbers. Bank of America requests three business weeks to complete this process.

 

Merchant Agreement

To complete the process of becoming a campus merchant, the Merchant Agreement Form (PDF file; Adobe Reader required) must be signed and faxed to Campus Banking & Merchant Services.