Does your institution face these challenges?
Costly 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 help 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
International departments and Finance 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 can lead to surprise costs.
Our online payments platform can help streamline your institution's payment process and mitigate foreign exchange fluctuations. Our team are experts in the education sector and can help you navigate an international payments strategy and process student refunds in a compliant manner.
Complex regulatory environment
We take compliance very seriously at Western Union Business Solutions.
We spent almost $200 Million USD on compliance program in 2017.
FEATURES AND BENEFITS
Flexible payment methods
Give students flexible payment options including bank transfers, UnionPay, Alipay, Klarna, POli Payments, iDeal, NetBanking, Trustly, Visa and Mastercard.
Send and receive funds across 200 countries and territories in your home currency without foreign bank accounts.
Strengthen your brand
Offer your students a co-branded, state-of-the-art payment experience, with a modern e-commerce feel.
10 different languages
Our student 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 600 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.
Hear from our clients
"The system is simple and easy to use and we have found that the student hotline has given the students confidence when making what could be one of the largest payments of their life."
"Western Union Business Solutions has allowed the University to offer a value added service to all of our international students regardless of where home might be by providing us with a single, reliable and trusted payment capability."