VIU to discontinue credit card option for tuition payment

June 7, 2010

Effective this September, Vancouver Island University will no longer accept credit card payments for tuition or for student union and activity fees. The cost to administer credit card payments at the university is over $420,000 per year, with credit card fees between $330,000 and $340,000 annually. A VIU spokeswoman says the university believes these funds can be better used to develop quality programs and services for students. VIU joins a number of Canadian institutions that have either stopped accepting credit cards for tuition payments or are considering such a policy. Nanaimo Daily News