Credit Card Convenience Fees
NYIT is committed to providing students and their families a range of options for paying their educational expenses. Please note that effective March 18, 2019, students will be charged a convenience fee by NYIT’s third-party credit card processing vendor when making credit card payments to their bursar account. This change is being made to offset the costs associated with providing the convenience of online credit card payments.
Transact Payments, an independent third-party contractor that accepts payments to a student’s bursar account, will charge a non-refundable convenience fee based on the amount charged. Domestic credit card payments will incur a non-refundable convenience fee of 2.75%, and international credit cards will incur a non-refundable convenience fee of 4.25%, which is assessed by Transact Payments and not NYIT.
The convenience fee is paid to Transact Payments, and NYIT does not receive any of this fee. The charge for the convenience fee will appear separately from the payment on your card statement. There will be no charge for online payments using your checking or savings account. To make a credit card payment, login to your student account at NYITConnect.
NOTE: a debit card with a credit card issuer logo will be processed as a credit card and incur the above convenience fees. If you wish to make a payment from your bank account, utilize the ACH (Automated Clearing House) payment option to avoid the credit card convenience fee.
Can I make payment on a student account by credit card?MORE
Yes. However, credit card payments are only accepted online via Transact Payments through NYITConnect. NYIT no longer accepts credit card payments by mail, in-person, or via fax for student account payments.
To allow your parents or some other designee to make a payment, view your balance, enroll in a payment plan and view your e-bill: Sign in to your NYITConnect account and choose Select Parent PIN. Once you’ve granted them access, they will be able to perform these functions.
Is there a fee for paying by a credit card?MORE
Effective March 18, 2019, domestic credit card users will be assessed a separate non-refundable convenience fee calculated at 2.75% of the payment amount at the time of each credit card payment toward a student account. International credit card users will be assessed a separate non-refundable convenience fee calculated at 4.25% of the payment amount at the time of each credit card payment toward a student account.
The non-refundable convenience fee will be assessed by Transact Payments and will appear as a separate charge on your credit card or bank statement.
Why is NYIT no longer accepting in-person student account credit card payments?MORE
The costs associated with processing in-person student account credit card transactions have continued to grow each year. Rather than eliminate student account credit card payments altogether, NYIT is committed to offering students the continued option to securely and conveniently pay their student accounts online.
NYIT will continue to offer feeless payment options including online e-check payments through NYITConnect.
What type of cards are accepted?MORE
You can make student account payments online with all major credit cards.
Why can’t I see the convenience fee charge on my student account?MORE
The convenience fee is assessed by Transact Payments, not NYIT, so it will not appear on your student account. The convenience fee will appear as a separate charge on your credit card or bank statement.
Is the convenience fee refundable?MORE
No, the Transact Payments incurred convenience fee is non-refundable. Any convenience fee disputes must be taken directly to your credit card issuer
How can I pay my student account and avoid the convenience fee?MORE
E-check payments from checking and savings accounts will continue to be accepted online by NYIT through the ACH (Automated Clearing House) Network without a convenience fee via NYITConnect and in person at the Office of the Bursar. Cash and check payments can be made in person at the Office of the Bursar (Please do not send cash through the mail).