How much does it cost to use the UM Central Marketplace?
When you are sure the UM Central Marketplace will work for your needs, you will submit an Item Request Form. At this time, you will be charged an administrative fee of $100 via G/L transfer and work will begin on your item. This $100 fee will collect the full name, address, phone number and email address from the customer. More information can be obtained from your customer for additional fees. Details on additional fees can be found below in the Fee Structure section. If your item setup requires additional fees, you will be notified of the full amount when you receive the email notification stating your item is ready for review.
The credit card companies and the bank assess monthly merchant fees for all credit card transactions. To cover the cost of these fees, your department is charged a fee of 2.5% per transaction revenue collected. This fee is deducted from each revenue transfer before it is distributed to your department’s account.
|Basic Item Setup||Name, address, phone # and email||$100|
|Additional Piece of Information||i.e. t-shirt size or institution name||$25/each additional piece of info|
|Credit Card Fees||2.5% of each transaction|