| Changes in Credit Card Usage for Bursar Payments |
In order to address a $1.5 million annual drain on its budget, Oklahoma State University is making changes in the way credit card payments are accepted for bursar accounts. This change does not impact the various other ways you can currently make bursar payments.
OSU paid more than $1.5 million last year in convenience fees to credit card companies for students and employees to use credit cards to make bursar payments. The university can no longer absorb that cost.
Therefore, we are passing the cost of the credit card convenience fee along to those using the service. Beginning January 1, 2009, those who choose to use an accepted credit card to make bursar payments will be assessed a 2.5% convenience fee. The sole purpose of the fee is to cover charges from the credit card companies. All but two other Big 12 universities currently charge a convenience fee.
If you are on an automated monthly credit card payment plan, you will receive a separate communication with additional information.
Here are the changes. Beginning January 1, 2009:
- A 2.5% convenience fee will be added to all credit card bursar account payments
(MasterCard, Discover, or American Express)
- Visa cards will no longer be accepted for bursar account payments, as they are unwilling to
participate at this time
- Credit card payments can only be made via the web (at http://prodosu.okstate.edu/),
no longer in person at the teller stations
To avoid the convenience fee, students and employees should consider several other options. Bursar payment options with no additional cost to payer:
- Online by Web Check/ACH. You can pay using Web Check/ACH free of charge via SIS.
- Mail checks, cashier checks or money orders to:
OSU Office of the Bursar
PO Box 1583
Stillwater, Oklahoma 74076-1583
- In person by check, money order, or cash at the Office of the Bursar, 113 Student Union.
Hours 8 a.m.-5 p.m. Monday-Friday. After-hour payments can be placed in the secure depository
slot adjacent to the Bursar Office Windows.
OSU works diligently to keep costs down while maintaining high-quality academic programs and services. This change will allow OSU to significantly reduce costs, while still providing various bursar payment methods, including several no-cost options.
Your understanding and support during this transition is greatly appreciated
|
