pjo wrote:So I was going through some of the fin aid info, and it says "Payment can be made via e-check or credit card through QuikPay@UVA (login through SIS.) Payment can also be made by paper check and mailed along with the printed remittance portion of the PDF version of the statement. Please note that payment with credit card (MasterCard, Discover, or American Express) will incur a 2.75% convenience fee."
Does that mean if you pay with a Visa credit card there is no convenience fee?
Short answer: No, it means you can't pay the bill with a Visa card.
Long and overly detailed answer: Most credit card agreements include a roughly 3% fee on all transactions that the merchant must pay the credit card company. Most credit card agreements then prohibit charging a customer for using a credit card (effectively passing the fee on). There are a few exceptions made, often if the payment is of a type rarely made by CC and allowing CC payment is truly a convenience (rent might be an example, I'm not certain though). Some card companies explicitly authorize schools accepting tuition / room / board payments to charge convenience fees for using the credit card. Visa's merchant agreement, however, prohibits charging fees for process educational expenses while the others allow it. As a consequence, schools don't accept Visa payments on such tra