Charging credit card fees illegal in CA
I learned this morning (from a parent at our school) that CA also prohibits charging separate credit card fees effective June 2024. Since the Enrollment Management contracts aren't dynamic (i.e., can't calculate a “cash discount” as a % of tuition charged based on payment method selected), I don't understand how we can comply with this law and still pass along the expense of credit card fees our school incurs to families select that method. Anyone else come up with a solution to address this?
Comments
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Hi @Jacquie Cuvelier see the following post and reply from Mark Davis, Head of Education Products.
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@Jacquie Cuvelier And for those of us who need more coffee and thought “CA” meant Canada, the maximum percentage we're allow to charge (as of today) is 2.4% (except in Quebec, which has different rules). There are also some other conditions.
Reference: Merchant surcharges, service and convenience fees, and discounts
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