In the Vault: Credit Card Fees

Who is charged credit card fees and how are they recorded?

Credit card fees typically range from 2% to 4% of the transaction amount and are incurred on each credit card payment made by customers. These fees are allocated to the department that processed the transaction through Nelnet or a physical credit card terminal.

Important: UND Treasury records credit card fees on a monthly basis through a journal entry.

Specific questions can be sent to UND.treasury@UND.edu