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Credit Cards Johns Hopkins’s Office of the Treasurer is responsible for establishing merchant accounts for departments seeking to accept credit card payments for goods and services. The requirements for establishing a merchant account are as follows: 1. Anticipated revenue of $5,000 per month Departments are required to complete a Merchant Profile to set up a merchant ID. The normal turnaround time to set up a merchant account is 15 days. Initial VPOS users are set up using the Merchant Profile. Set up of users after the initial implementation has been completed, must be done by completing the VPOS User Access Form. Most departments in the University accept the following credit cards: MasterCard, VISA, American Express, and Discover. The University has two acceptable gateways for processing credit card payments: Chase Paymentech (VPOS – Virtual Point of Sale), or PayPal formally Verisign. Chase Paymentech has an interface to SAP to automatically record GL information, while all PayPal transactions must be manually recorded through SAP. Acceptance of credit cards through a website can be handled through a Buy Page (the consumer leaves the University’s website, makes a payment through an approved gateway and then is returned to the University’s website or through use of an API (the consumer makes a payment and the authorization is then performed through the approved gateway). The average monthly costs associated with processing credit cards through the VPOS are as follows:
All fees are automatically charged to the Internal Order/Cost Center designated on the Merchant Profile All Verisign/PayPal accounts must coordinated through the Treasurer’s Office by emailing us at treasuryops@jhu.edu. Please contact the Treasurer’s Office for additional details. If you need to accept credit card payments for one-time events, please contact JHU Conference Services at 410-516-3962. Voice Authorizations can be secured through the following phone numbers:
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