This will encourage use of credit cards on-line. They have run into problems getting the daily transaction reports to match with their daily receipts. His office is working on two applications. One is to develop a process for on-line undergraduate applications. The other is handling payments for distance education courses through UW-Extension.
Users are generally willing to use credit cards if that is the only option.
There is more reluctance by undergraduates than from the generally older continuing students applying for extension distance education courses. It is important to carefully think through your business rules. For instance, if delayed payment is allowed, the process has to be carefully designed for matching payments to applications, for refunding if necessary, etc. It's handled automatically at the time of the charge. If the rate has changed, the user may lose money in her currency.