A few questions about texas a&m,thanks!

timely
Mon, 28 Apr 2008 10:54:31 +0000

ucla, when we pay the university (like for room & board or whatever), we always pay by check due to the significant fee they charge for paying by credit card (isn’t it 5% or something like that?). It’s annoying, but it’s sure worth the cost savings. I think you can pay by e-check (where you type in the bank routing info and all that). At least that way you could still do it online.

Merchants (which in this case is A&M) have to pay a fee to the credit card company that can be 3% or so. A&M can’t afford to pay 3% of its budget to credit card companies. If everyone paid by credit card, they’d have to raise all their fees 3% to cover it. So, I guess they discourage people paying that way by tacking on the fee.