Get ready for a possible additional fee at Diamond Mountain Golf Course this golf season, as the City is considering implementing a credit card transaction fee schedule.
The city’s audit from two years ago highlighted the need for improvements in cash receipting procedures at the Golf Course. Currently, the cash register system lacks user logins for voided transactions. In response, auditors recommended reducing the use of manual receipt books and moving to a formal Point of Sale (POS) system for better internal controls. The outdated system has already cost the golf course nearly $12,000 in credit card transaction fees, leading to the proposal of a fee schedule starting in the 2024 golf season. The purpose of this fee schedule is to transparently cover transaction costs, build trust, and ensure the financial sustainability of the golf course.
It’s important to clarify that the impending transaction fee schedule is not meant to generate revenue but to recover transaction fee costs and decrease the merchant fee expenses incurred at the golf course.
Credit card transaction fees vary depending on type of customer credit card (debit versus credit), how the card is ran (swipe/tap versus manual entry). Credit card vendor (Mastercard, AMEX, VISA, etc.) and standard POS systems charge 2.6% plus $0.10 per credit card transaction for affordable no commitment basic systems.
The city will discuss the adoption of the fee schedule this Wednesday during the council regularly meeting at City Hall at 5 pm. The agenda can be found on the city’s website.
