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Authorization FeeThis is also called a transaction fee. This is the amount charged to a merchant account each time a communication happens between the software or point-of-sale terminal and the authorizing network. The communication can occur either over a dial up telephone line, leased line, or an Internet IP line. In all cases, each time the merchant communicates [..]
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Authorization Feeis an annual fee that is calculated as .002 of gross tuition after refunds, or a minimum of $500 for Nondegree-granting institutions and a minimum of $1,000 for degree-granting institutions.
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