IUPayPlus Centrally Managed
The IUPayPlus Centrally Managed version is similar to the original IUPay. Units share a merchant account at our processing bank that is labeled IUPay. Customers will see the transactions post to their bank accounts as IUPay. The IUPayPlus accounting system manages the distribution of the income and associated fees.
Refunds for IUPayPlus Centrally Managed are handled by the Office of the Treasurer, Payment Card Services. To request a refund, please follow this link which will require your IU network ID and password to access. You will need to know the date, dollar amount and confirmation number from the original transaction.
The fee that will be charged to the departmental General Ledger account for IUPayPlus Centrally Managed transactions is currently set at 5%. The fee is charged at the same time the income from the transaction is distributed. This fee does get reviewed on a quarterly basis.
This version of IUPayPlus is for those areas that have internal control issues, seperation of duty issues, or have an immediate need to process payments.
