Transact
What is Transact?
Transact is a versatile third-party platform that provides UMass Boston with various e-commerce services. This system is designed to assist individuals who need to make payments via credit card for approved items or fees offered by departments that want to operate online storefronts.
Transact for Departments
By implementing Transact, UMass Boston enhances departmental functions across the campus. This system enables departments to create eMarkets or online storefronts, allowing them to establish customized spaces for selling:
- Conference Tickets
- Membership Fees
- Event or Workshop Fees
- Sponsorships
- Periodical Subscriptions
Considerations For Requesting a storefront:
Before submitting a request for an eMarket storefront, consider the following:
- What products or services does your department intend to sell?
- Are there quantity limits?
- What information will you need to collect from customers? (e.g., name, email, address)
- What images, text, and logos do you want to include on your storefront?
For additional details about eMarket storefronts, refer to the eMarket User Guide
Roles and Responsibilities
Campus Banking
- Creation of Storefront
- Reconciliation of clearing account
- Troubleshooting Issues
- Annual SAQ
- Communication with Treasurer’s Office and departments
Department
- Storefront requests
- Reconciliation of payments collected
- Running payment reports
- Reading University PCI Guide
- Completion of PCI training
Timelines
Campus Banking will arrange an initial meeting with the department to review the request, discuss the details of the item to be sold, and determine if it can be supported by Transact. Based on this evaluation, a decision will be made on whether to proceed with the request.
Plan accordingly, as the creation of a new eMarket storefront may require 15-30 business days to build and implement, depending on complexity and testing to ensure payments will process correctly.
Existing eMarket storefronts may require 7-14 days for modification and execution.
Pricing and Fees
Departments are responsible for credit card fees incurred with their storefronts. These fees are calculated at the end of each month and allocated to each department’s expense accounts.
|
Types of Fees |
Details |
|
Transaction Fees |
$0.061 per transaction |
|
Processing Fees |
Average 3% per transaction |
|
Interchange Fees |
Average 3% per transaction |
Storefront Samples
Storefront Sample 1: Storefront with singular item
This storefront demonstrates a simple setup allowing the customer to purchase a single item by filling out the required information.
Through the request form, the department can request what logos and images to include in their storefront. If none are selected, the default UMass Boston logo will be applied.
Storefront Sample 2: Storefront with multiple items
This storefront demonstrates a setup with multiple items available to customers. In this storefront, customers can select different items and add them to their cart. Once an item is selected, the customer must fill required fields to add item to cart. These fields can be determined by departments when submitting request form.
Through the request form, the department can request what logos and images to include in their storefront. If none are selected, the default UMass Boston logo will be applied.