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Why is UVM assessing a 2.75 percentage service charge to pay with credit card?

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Why is UVM assessing a 2.75 percentage service charge to pay with credit card?

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The University is not accepting credit card payments directly. Credit cards are processed by infiNET, a vendor contracted by the University that is charging a fee for their service. The 2.75 percentage based on the payment amount for each transaction was determined by our vendor. The University of Vermont does not receive any part of the service charge.

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