SDC (System Development Charges) are often very high-dollar fees that are often assessed and due at new construction. Because these fees are often so high-dollar, your agency may want to consider whether you want to allow these fees to be paid by credit card to avoid the percentage-based credit card processing fees that apply to credit card transactions and could reach up to 3% or more of the fee amount paid. Note, credit card processing fees are determined by the individual credit card processing company.
CET (Construction Excise Tax) fees are allowed excise taxes that can be collected on Building construction records where the agency has the designated program or agreements in place; these can also be higher-dollar fees.
The most common CET fee type collected by agencies is the School CET. School CET monies are collected on behalf of the local school district(s) and are then passed through via payment to the school district, less a small administrative fee portion paid to the agency for their cashiering and coordination efforts. Because these fees are not agency revenue, your agency may want to consider whether you want to allow these fees to be paid by credit card to avoid the percentage-based credit card processing fees that apply. These processing fees could sometimes exceed your administrative fee portion.
Tiffany Vu
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