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 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
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.
Providing an efficient and hassle-free refund experience for your students
Student experience is a key driver for the reputation of any education institution. As COVID-19 continues to disrupt education, institutions need to be able to simplify the refund process for students while also driving efficiencies for their operations.
We help education institutions around the world save time processing refunds while providing a stress-free refund experience for their students.
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 colleague in Germany or purchasing equipment overseas, exchange rates and fees may 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.
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.
Western Union proactively engages with regulators to help ensure compliance frameworks are based on appropriate industry standards. We understand that you need to be sure the people you are transacting with are in fact students, parents and agents.
FEATURES AND BENEFITS
Flexible payment methods
Flexible payment options that may include bank transfers, wires, UnionPay, AliPay, India Net Banking SOFORT, POLIpayments, iDeal, Trustly, Visa and Mastercard.
Pay vendors in 200+ countries and territories using more than 130 currencies.
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.
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."