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Vinita council approves Staley Payments contract to consolidate city payment processing
Summary
The council approved a contract with Staley Payments to replace multiple processors, provide free devices and same-day deposits, and consolidate reporting; staff said existing statement/administration fees total about $6,000 annually and merchant fees cost the city roughly $70,000 per year.
City staff presented a proposal to consolidate the city’s payment processing with Staley Payments and recommended approval on March 17. Staff told the council the city currently uses multiple credit-card processors, incurs recurring statement and administration fees of about $6,000 annually, and pays roughly $70,000 a year in merchant fees under the existing arrangement.
Staff said Staley’s proposal would provide free devices, portable…
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