MarketPlace FAQs
How much does it cost to setup a MarketPlace Store?
The store setup, maintenance, and design work is completely free to the department. As with any credit card transaction on campus, the department will be required to pay the 3% merchant credit card fee for accepting a credit card. This fee will be taken at the time of the transaction rather than in one lump sum at the end of the month. The University does not make any money off this 3% fee.
Can I increase the fee for only the MarketPlace store to include the 3%?
In order to accept Visa on campus, we must charge the same price in cash as we do for credit card transactions. If you would like to raise the price of a product to absorb the credit card merchant fee, then you must also charge the same price to your invoiced or cash-paying consumers.
What kind of information can you collect?
The buyer's name, address, and email address are automatically collected at the time of purchase. We can collect any other type of information needed such as meal preference, shirt size, age, etc. The options are a required text entry field, an optional text entry field, required selection, or optional multiple choice selection that can be named whatever you would like with the values you specify. Additional pricing or discounts can also be assigned, if desired.
Can you offer discounts?
Yes, we can provide promotion codes that take can take a dollar amount or a percentage off a product(s) that you can give to individuals of your choosing.