Q: What is the Marist Money Program?
Marist Money is an online, prepaid flexible spending account accessed by the Marist College ID card. Funds deposited into Marist Money accounts can be used to purchase goods or services at participating off-campus locations as well as Marist College services on campus.
Marist College faculty, staff and students can establish a Marist Money account. Cardholders simply activate an account by making an initial deposit. Each time the card is used, the system will check to make sure the balance in the account is sufficient to cover the purchase price. The amount of the sale will be deducted from the account, and the new balance will be displayed at the reader or printed on the receipt.
Q: What are the benefits of Marist Money to cardholders?
Q: What are the benefits of Marist Money to merchants?
Q: How is Marist Money marketed to faculty, staff, and students?
Q: Where is Marist Money accepted?
Cardholders can use Marist Money funds at many on and off-campus locations, including:
List of participating off-campus merchants
Q: Can Marist Money be accepted for telephone orders and off-site deliveries?
Marist Money accounts can be debited for telephone orders by entering the card number manually into the terminal. There are inherent risks associated with this type of transaction, and, in case of a dispute, the burden of proof lies with the merchant. To minimize the risk of fraud, we recommend that a copy of the receipt go out with the delivery. The delivery person should visually inspect the Marist ID card and obtain the cardholder's signature for authorization.
Q: Can tips be charged to Marist Money accounts?
Yes. Tips to servers can easily be charged to a cardholder's Marist Money account.
Q: Are there any restrictions on the types of goods and services that can be purchased with Marist Money?
Yes. Marist Money cannot be used for the purchase of alcohol, illicit drug paraphernalia, lottery tickets or for card-to-cash exchange (i.e. merchants may not accept Marist Money in exchange for cash).
Q: How much does it cost to participate in the Program?
In exchange for services (operation of card program, account management, advertising, marketing, etc.) each merchant pays a flat 5% service charge on all gross Marist Money sales (purchase minus refunds). In addition, Merchant is responsible for renting directly through Marist College a Marist Money transaction terminal at the rate of $150.00 every six months. Merchant must also provide a telephone line for the transaction reader. There are no other annual, maintenance, or "per transaction" fees associated with the program.
Q: How will I be paid for Marist Money sales?
The College will reimburse you for gross sales processed via Marist Money (less the 5% commission charge) by check every 30 days along with a settlement statement. Error resolution will be handled by the Marist College Card Office.
Q: How do I inquire about participating in the Marist Money program?
Upon receiving your application and reviewing the number and variety of current participating merchants as well as the availability of transaction readers, the College will render a decision of the application.
