Many educational institutions, such as tuition classes, coaching institutes and learning sectors, schools, colleges, eLearning programs, etc., accept fees in the form of cash, bank transfer, or demand drafts. However, this is a time-consuming and challenging task due to its bulky nature. This means that many students and administration work of all kinds increases around the fee collection job.
Payment gateway solutions offer the best solution to meet all these requirements and simplify the task. The burdensome process would become streamlined with an efficient payment gateway solution. These services would eliminate the possibility of fraud and errors and make it easier to collect fees. In the following article, we will be looking into how payment gateways would help educational institutions collect fees from students.
How can Payment Gateway Solutions help an Educational Institution?
- Rapid Payment Collection: You can accept payments quickly using an online payment link and instantly receive funds from your account. To simplify your daily operations, create bulk payment links, and relax and watch the money flow in! Zaakpay provides a variety of services in terms of payment collection.
What can Educational Institutions do with a Payment Gateway Solution?
● Payment Links: A payment link can be sent to parents/students for making the payments. You would not require a website or app for this, just send these links via Email, Whatsapp, and other methods. Payment gateway solutions make it easy and secure to collect fees.
● Direct Bank Credit: The best thing about this is that regardless of the payment method used by the parent, the merchant will receive the money directly in their preferred bank account. You don’t have to do any manual work depositing fees at the bank.
● Merchant Dashboard: The merchant dashboard is the institute representative or the owner’s login account, which is beneficial to them. The merchant can view parents’ payments and confirm them. They can also generate payment links and download reports. Login access can also be provided depending on the status of the staff members.
● Website Integration or App Integration: Most schools, colleges, and institutes have their website and app these days. These can be used to send updates to parents and students. Payment gateways like Zaakpay are easily integrated with these apps and websites using SDKs and plugins. Moreover, they can get free technical support and even help with integration.
Benefits of a Payment Gateway Solution
Let us look at some of the benefits provided by a sound payment gateway solution:
In conclusion, there are many online billing and payment options for colleges and universities, which should be used in place of traditional fee payment methods. Whether you are a public or private institution, there’s a solution to help you get into the modern way of collecting fees. In addition, you can speed up your progress with payment gateways like Zaakpay.