Does your institution face these challenges?
Simple, cost-effective payment options for students
Paying tuition fees can be stressful and costly for international students.
Empower your students to pay fees quickly online by bank transfer or credit card, in the currency of their choice to reduce surprise costs. They can pay direct from their mobile phone and easily track their payment for complete peace of mind.
Time lost managing student payments
Accounts payable teams devote endless hours to chasing up missing funds, reconciling payments and answering student queries.
Free up resources and reduce queries directed to your team with a powerful platform that helps easily reconcile payments with student accounts, simplifies the refund process and allows students to track the status of their payment online.
Exposure to cross-currency risk
As the education sector continues to globalise, institutions are increasingly exposed to currency fluctuations.
Help protect your cash flow and reduce costs by implementing a currency risk strategy to protect your institution from fluctuating exchange rates to enable you to gain more visibility of costs and set prices with more certainty.
Hidden costs in outgoing payments
Whether you’re transferring funds to a professor in Germany or purchasing equipment overseas, exchange rates and fees lead to surprise costs.
Our online payments platform can help your institution lock in exchange rates in advance. Our team are experts in the education sector that can help you navigate an international payments strategy, and process student refunds in a compliant manner.
Complex regulatory environment
Unfortunately, nefarious individuals seek to launder money, and universities and colleges are more at risk than ever before. Protect your students’ funds and your institution’s reputation.
With investment of 3.6% of Western Union's revenue on compliance measures in 2017, we understand that you need to be sure the people are transacting with are in fact students, parents and agents.
FEATURES AND BENEFITS
Flexible payment methods
Give students flexible payment options including bank transfers, wires, UnionPay, AliPay, India Net Banking SOFORT, POLIpayments, iDeal, Trustly, Visa and Mastercard.
Send and receive funds to 200 countries and territories in your home currency without foreign bank accounts.
Strengthen your brand
Offer your students white-labelled, state-of-the-art payment experience, with a modern e-commerce feel.
10 different languages
Our payments platform is available in English, Spanish, French, Chinese (Traditional), Chinese (Simplified), Hindi, Indonesian, Korean, Arabic and Japanese
Full solution offering
We are trusted by more than 700 education institutions to manage their international payments across incoming, outgoing, student refunds, currency risk management and administration of state student funding. We provide a complete international payments solution to help education institutions deliver their globalization strategies.