Please be advised that effective July 1, 2021, the rate for the Campus Credit Card Fee is to remain at 0.3780% of gross credit card sales, unchanged from FY 2020-21. The FY 2021-22 Campus Credit Card fee was approved in June 2021 by UCLA Office of Academic Planning and Budget.
The fee will cover internal administrative costs related to credit card acceptance and compliance, reconciliation and Transact Payment (formerly CashNet) support incurred by campus departments. It is based on full cost recovery and includes all related ITS expenses. The fee is distributed to the units incurring the administrative costs - Treasury Services, Accounting & Cash Management, and Payment Solutions & Compliance.
It should be noted that this fee is not to be confused with external merchant fees which are a separate charge by banks and financial institutions.
The rate derivation can be seen by clicking here.
Please submit any inquiries to treasury@finance.ucla.edu.
