Quote Originally Posted by Irulan View Post
Schools can be a total pain in the butt. My son's college won't accept VISA for tuition payments, only MC. Why? "that's what the board voted on". Stupid.
The real reason is that credit card companies take a pretty hefty fee on transactions, and the board was trying to find a few pennies to save. UBC saves $2 million a year by no longer permitting people to use credit cards to pay tuition (since 2008). My bet is that your son's college probably got a very good deal from MasterCard... In current times of severe financial restraints (for universities funded by public monies and by endowment income alike) they are getting aggressive at it! They know it's unlikely that they will lose a student because of that.

Thanks by the way for the explanation about the charge cards!