e-Market Services
Student Financial Solutions partnered with Transact Payments (a third-party vended solution) to offer e-market services to the campus community. UC San Diego departments can establish themselves as merchants to sell approved products, fees, or services via customizable online storefronts and accept credit card payments. Available now!
Features
- Accepts all major credit cards (Visa, American Express, Mastercard, Discover, and JCB) and international fund transfers (future enhancement)
- Allows discount codes, recurring payments, and fulfillment options
- Provides detailed reporting to assist with reconciliation
Benefits
- Supports a cashless campus
- Increases visibility of departmental services and offerings to campus customers, alumni, and community
- Reduces administrative burden related to PCI compliance
Use
Here are a few ways you can use e-markets:
- Selling Physical Goods
Using e-markets to sell products and merchandise.
- Event Registration
Using e-markets for registration and collecting information from attendees.
- Membership/Subscriptions
Using e-markets for recurring credit card payments for memberships and subscriptions.
e-Market Options
Below is a brief comparison of the three configuration options to consider for e-market deployments.
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Storefront (One-Time) |
Storefront (Recurring) |
Checkout |
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For departments that need to set up an online storefront for a temporary period and is not expected to be in use again. |
For departments that expect to have their online storefront available all year long or on a recurring basis. |
For departments that need highly customizable shopping sites with enhanced features that are not available with a Transact storefront e-market option. |
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Complete store, from shopping to check-out, hosted entirely in the Transact environment. |
Online store experience is outside of Transact environment. Transact serves as the payment processor. |
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Primarily targeted for rapid deployment and lower volume sites. |
Primarily targeted for higher volume and/or web-hosted solutions such as Aventri/Shopify or internally developed home-grown site created by the department. |
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Low technical skills required, with most changes done in web-based GUI interface. |
Moderate to high technical skills required; likely to require IT involvement |
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Uses a generic merchant ID (MID) that is managed and owned by the Central Cashier’s Office. |
Requires departments to have their own merchant ID and complete necessary PCI training and documents. |
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e-Market Limitations
At this time, e-markets cannot be used for:
- Donations (Contact Advancement)
- Student course fees and/or other eligible charges that are expected to be covered by financial aid or are offered for UCSD academic credit (Contact Student Financial Solutions)
- Reselling of University owned office or lab equipment (Contact Surplus Sales)
- Sale of merchandise with University’s name or trademarks unless approved (Contact the UC San Diego Office of Trademark and Licensing)
- Goods/Services that should be invoiced through Oracle (Contact AR Financial Operations)
- Recharge activity (e-markets can only accept credit card payments at this time)
Merchant ID (MID) Account
Once the e-market request has been approved by the Central Cashier’s Office, a merchant ID (MID) account is required for departments to accept credit card payments. Departments will need to obtain a MID account, if they do not already have one from Merchant Services. Merchant Services will ensure that departments meet appropriate credit card security and compliance standards.
For one-time e-market storefronts, departments will use a generic MID that is managed by the Central Cashier’s Office.
Storefront Examples
-SAMPLE A - Merchandise Storefront
-SAMPLE B - Event registration with dropdown pricing options
-SAMPLE C - Conference registration with membership recurring charge option
Timelines
Storefronts
- New e-market requests may require 15-30 days to configure and implement, depending on the complexity and current demand for other e-market sites. This includes information gathering and obtaining a merchant ID (MID) for accepting credit card payments.
- Updates and changes to existing storefront e-markets may take up to 3 business days for execution.
Estimated Costs
The recharge cost for e-market services is currently under review. The costs below are estimated and subject to change. Costs do not include fees that may be assessed by Cash and Merchant Services for being a merchant.
Storefront e-Market (One Time)
| e-Market Initial Configuration | $250 per storefront (one-time cost) |
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Generic e-Market Administrative Services *Services include merchant credit card fees, credit card reconciliation, and PCI compliance for using Central Cashier's Office generic MID |
3.00% of total credit card sales |
Storefront e-Market (Recurring)
| e-Market Initial Configuration | $250 per merchant ID (one-time cost) |
| e-Market Subscription Fee | $250 per merchant ID (per year) |
| Merchant Service Fees | 2.2% - 2.5% of total credit card sales (varies by credit card type) |
*Departments will be responsible for the merchant service fees associated with the acceptance of credit card payments assessed by Bank of America (BAMS).
Checkout e-Market
Currently handled on a case-by-case basis. Submit a ticket for a consultation.
Requesting an e-Market
To request a new e-market, please submit an E-Market Request Form in Budget & Finance Services & Support located in the Banking, Cash & Card Products section.
Updating and General Inquires
For updates to and questions about an e-market, please submit a Services & Support ticket under Get Help to Budget & Finance Support.
- About: Bank, Cash, & Card Products
- Related to: E-Market Services
- More Specifically: E-Market Credit Card Refunds, E-Market General Inquiries, or E-Market Operator Requests