ACORN Master or Visa Credit Card Payment Convenience Fee Increase to 2.50% on March 1, 2022
The University of Toronto has partnered with Moneris (service provider) to provide students with an online non-refundable credit card fee payment option.
The Mastercard and Visa Canadian Dollar fee payment service is only available on ACORN and includes a separate and non-refundable convenience fee collected directly by Moneris.
The credit card convenience fee is the non-refundable cost of making an online credit card fee payment.
The convenience fee will be increased from a rate of 2.25% of the fee payment amount to 2.50% (on March 1, 2022) and the fee is paid directly to the service provider, Moneris, and not to the University of Toronto.
The convenience fee will be displayed as a separate charge on the online credit card payment receipt, and the card holder’s credit card statement. The credit card statement description will be displayed as “STUD ACCTS – CONVENIENCE FEE”.
There are other payment options that do not include a convenience fee.