Valdosta State University announced earlier this week that it will now accept payments for tuition and fees from Visa credit and debit cards. Previously, the university only accepted such payments from MasterCard, American Express, and Discover.
Accoding to VSU Bursar Debra McCrary, the payments will still be assessed a 2.75 percent convenience fee, which is retained by the card processor. McCrary explained in a university press release that Visa was not an authorized vendor back in 2008, which is when VSU started using TouchNet’s PayPath Tuition Payment Service.
“Students and parents always seemed very surprised to learn we could not accept Visa for student account payments,” said McCrary. “Accepting Visa as payment will remove barriers experienced by some students and their parents.”
McCrary added that decision not to accept Visa was not made by VSU.
Visa also announced last week that it has a new designation for consumer reloadable prepaid products that hopes to simplify and clarify fees, as well as improve consumer protections. Additionally, the new designation bans some types of feeing such as transaction decline fees, customer service fees or overdraft protection (which is not to be offered) fees among others.
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