efunds for Schools Sign up Instructions

Transcription

1 efunds for Schools Sign up Instructions The other attached documents are the forms required for setting up your efunds for Schools online payment system. (Do not fill in the following example pages). The forms should include: 1. The efunds for Schools Agreement (Electronic Funds Transfer Agreement) - This provides information to set up your school district. 2. The Bank Agreement ABOC (Agreement to Perform Automated Clearing House Services Debit Origination) This gives permission for the efunds for Schools clearing bank to move funds to your bank accounts. 3. The ABOC Merchant Processing Agreement (Merchant Services Agreement) - This discloses credit card processing information. The only information that is required is the information under MERCHANT on Page 5 and a signature on the document. 4. The Merchant Document (Merchant Application form) this is a standard form required by a credit card processor. The only the information required is under the Business Information section up to Type of Business (enter School as type). Under the Principal Information fill in Name and Title. Sign the form under Signatures. Should you have any questions about completing any of the sections of the attached paperwork for the efunds for Schools program please feel free to contact Richard Waelti at (262) To help expedite the set up process, upon completion of the paperwork, please mail directly to the following address: Magic Wrighter, Inc. Re: efunds for Schools Attn: Bob Wright Mile Road N.W. Grand Rapids, MI The following pages include a step by step guide of examples to help to answer any questions that you may have about completing the sign up forms in the other documents. Do not fill in these example pages.

2 The efunds for Schools Agreement (Electronic Funds Transfer Agreement) - This provides information to set up your school district. Please read through the Terms and Conditions Sign on page 3 Enter School/District name, authorized signer (Director, Bus. Manager, etc and date Exhibit A Complete sections of Exhibit A Identifying the school/district contact/description information. Include any computerized systems that may require an interface. Exhibit B List person/person who will administer the efunds for schools system

3 Exhibit C Enter Bank Account(s) information where you would like the funds to be transferred and deposited to. Enter more than one account if applicable. (ie. Food Service, General Fund, Transportation, Booster, PTA, etc If applicable, enter bank account number for debits (if handled from a separate account). An example of a debit would be a $2.50 uncollectable fee for a uncollectable check payment. Exhibit D Enter each individual school site and the corresponding site/building code #

4 Page 6 Exhibits G & H Outline of fees to parents The fees to parents are: $1.00 ACH (electronic checking) or Credit/Debit Card (see below options) Exhibit H Choose one of the 4 options for Credit Card fees Exhibit H Credit Card Fee Schedule CREDIT/DEBIT CARD PAYMENTS: Choose one of the four options for Credit Card fees No Cost Plan: A flat convenience fee of $2.45 / $100 per transaction is paid by the parent. The convenience fee is disclosed to the parent for their authorization and then is added to the total payment amount of items being paid to the school. The school has no costs. Shared Cost Plan: An optional risk exposure program will charge the parent a flat fee of $2.45 for all payments and there is no daily risk limit, however the school will be charged a processing fee of two percent (2%) on any payments greater than $100. (Single transaction payment amounts under $100 will bear no costs to the school.) School Choice Plan: Allows the school district to set their own flat convenience fee to the parent with no daily limits on credit card amounts. A one dollar ($1.00) per transaction fee plus, a two percent (2%) processing fee on the total gross payment amount is charged to the school. Full Pay Plan: Our school district will pay all fees for credit card payments from our parents. The fee is 2.89% of the total gross payment amount plus $.20 per transaction. Misc. Credit Card Charges Returned Credit Card Pmt $25.00 Returned ACH Credit Card Settlement or ADJ $25.00 Credit Card Research Fee $25.00 Request for Credit Card Copy $25.00 Sign and date I hereby acknowledge and accept all fees as outlined in Exhibit G and Exhibit H of this agreement. Signature: Date: Print Name:

5 The Bank Agreement ABOC (Agreement to Perform Automated Clearing House Services Debit Origination) This gives permission for the efunds for Schools clearing bank to move funds to your bank accounts. Please read through Agreement Page 1 Enter date, School/District & Address Page 4 Enter school/district contact information Enter School/District name and sign

6 Page 5 Disregard this section as there are no limits going into your account. Enter and sign those who are authorized to administer the account. The ABOC Merchant Processing Agreement (Merchant Services Agreement) - This discloses credit card processing information. The only information this is required is the information under MERCHANT on Page 5 and a signature on the document. Page 5 This section is the only section requiring completion, Merchant is the School/District.

7 The Merchant Document (Merchant Application form) this is a standard form required by a credit card processor. The only the information required is under the Business Information section up to Type of Business (enter School as type). Under the Principal Information fill in Name and Title. Sign the form under Signatures. Only complete the Business Information section. Business is School/District Only name and title are required in this section Signature