Process the transaction and immediately delete the message from your email and from your Deleted Items folder. Discourage customers from submitting credit card information via non-secure methods.
No, you must submit all requests through the chargemit-help@mit.edu and follow the MIT Policies and Procedures.
A credit is a refund. You are giving money back to the customer and a credit will appear on the monthly statement.
A void is an internal mistake that is corrected on the same day before it has settled at the bank. The customer will not see a charge or a credit on his or her credit card statement.
On web orders utilizing the Secure Acceptance you can receive an email notifying you that someone placed an order.
Note: Virtual terminal transactions do not automatically send an email to the merchant.
Send an email to chargemit-help@mit.edu with the merchant’s name, merchant’s account number, and the financial account you want the revenue to be deposited to.
The credit card authorization puts a hold on the cardholders funds until you process the settlement. The authorization will expire automatically with the card issuer typically within 7-10 days depending on the issuer's policy. Cardholders do not see a "charge" on their account; they are likely looking at an online banking statement and they see the amount has been moved from their available balance and that the transactions is pending, but the funds themselves are not removed from the customer's account.
To reverse an authorization before it expires:
* The cardholder should contact the card-issuing bank by phone. If you provide the card-issuer the authorization code, the card-issuer may be able to release it.
* You would need to work with your Merchant Bank Representative or the customer to gain the card-issuing bank's contact information. The 800 number on the back of the card should suffice. Please note that the customer will first need to give his/her bank approval to speak with you.
* Not all card issuers will pre-release the authorizations. Each card-issuer has its own policy on authorization reversals. This is why authorization reversals are not an automated process and we cannot guarantee the success of the authorization reversal.
Email wire-transfers@mit.edu with the name of the company, the amount you are expecting, and the cost object and GL you’d like this deposited into.
Yes, email accounts-receivable@mit.edu and let us know if you are paid semimonthly or weekly and the amount you’d like deducted each pay period, or simply complete the top portion of your invoice and mail it back to:
Massachusetts Institute of Technology
Accounts Receivable NE49-3100
77 Massachusetts Avenue
Cambridge, MA 02139-4307
It depends. Some items are tax-exempt in Massachusetts. However, these same items may be taxable in another state. If your DLC is considering selling goods contact Jackie Daniels or Alisha Daley on the VPF Tax team for information on how to collect and remit sales tax.