Online Credit Cards
Setting up a merchant account for online credit card transactions:
If you need to process credit cards for events, conferences or merchandise you will need to set up a merchant account. A merchant terminal is for processing payments when you physically have a credit card in hand to process. An online payment gateway is for processing payments over the Internet.
Costs and transaction fees
Below are the costs associated with having a permanent merchant terminal:
- Check with OHSU's Treasury office for current rates.
Below are the costs associated with using the Payflow online payment gateway:
| Gateway | Set-up Price | Monthly Price | Included Monthly Transactions | Additional Transactions |
|---|---|---|---|---|
| Payflow Pro | $249.00 | $59.95 | Up to 1,000 | $0.10 per transaction |
| Payflow Link | $179.00 | $19.95 | Up to 500 | $0.10 per transaction |
Setup Time for a Merchant account
It can take 10 to 15 business days for everything to be setup for a merchant account. This does not include the time it takes for developing registration forms or other methods of gathering customer information.
OHSU has a contracted relationship with Wells Fargo to provide merchant services to the university. Establishment of merchant services for a department are requested and processed through the OHSU Treasury department.
Please note merchant web sites that are found in non-compliance are subject to fines of over $1,000/month. An example of a non-compliant site would one that accepts credit card information and is missing one or all of the following:
- The web site is not using an e-commerce solution to secure and authorize the credit card
- The web site does not have an SSL certificate.
- The web site is using the same merchant numbers as the department’s physical terminal.
Please contact the OHSU Treasury department to set up a merchant account.
