With the world embracing technology, many schools are feeling left behind when it comes to how payments are made. For example, most schools today do not accept online payments for tuition fees and other school charges. This hinders their progress especially with online students who can’t pay on time or at all because of this system. It is important to be as accessible as possible for all students and parents.
To keep up with the advanced world, an online payment system for your school is necessary both for convenience and ease of administration. An online payment module allows you to collect payments via credit cards, debit cards, and other e-wallet facilities such as PayPal. If you are not already implementing an online payment module, the time to start is now.
Why Schools Need A Secure Payment Module
There are many reasons why all schools need to have a secure payment module or some type of school payment portal.
#1: Your students can make payment without visiting the school
Sending money is very easy if your school has an online payment module. Students can easily sign up for it in a few minutes, pay their fees, and never visit the school again. This cuts down on time spent receiving tuition payments thus allowing you to focus on other important things like education.
#2: Online payments are secure and confidential
One of the biggest concerns with online payment services is security. For online school management software like eFrontPro, all information provided by users is encrypted. This means that it cannot be deciphered or hacked into by third parties to reveal sensitive data such as bank account numbers and passwords.
#3: Convenient online payments for parents
Most online payment modules are provided free of charge to schools. Once online, parents can make payments without ever visiting your school’s tuition office. Whether they are at home or work, they will be able to pay online through the secure payment module after signing up online using their personal information and any required online verification (such as online ID and online payment PIN).
#4: Easily manage tuition fees online
For schools that already have an online payment system, billing is done online. Parents can sign up to pay online and make payments for school fees anytime via the secure payment portal. This means no more visits to the tuition office to pay bills and no more waiting in line for payments.
#5: Allows parents to pay their children’s fees easily and according to the child’s needs/schedule
Parents find online payments convenient and easy especially if their children attend online schools. They can make online payments any time of day or night, at home or work using the online payment module without having to visit the school. This online payment system provides parents with the flexibility to make payments for their children online at their convenience.
These are just five of the many reasons for using a secure payment module for tuition payments. With online schools on the rise, online payment modules are here to stay and provide you with a smooth online tuition management service. Even if your school is not fully online, it is still vital to have some sort of online payment portal. Parents are especially busy people who would appreciate an easy way to pay for every session, month, or year.
Why Cash May No Longer Be King For School Payments
You might think that online payments are only for online schools, but this is no longer true. Even if your school does not have online classes for students, online payment methods are becoming more popular. It is common for online schools to have online payment portals designed for parents and students even if the school itself is not online. This online payment system makes it easy for parents to pay their fees online and keep track of their children’s progress as well as find out more information about the school and its activities.
Cash can be harder to keep track of than an organized payment portal. It is more difficult to keep all of the records straight and online payment systems are just more efficient than cash. This online school payment system provides ease, security, convenience, and flexibility. It takes far less time to process online payments than cash or check payments. Online payment modules do not require anyone’s signature so there is no risk of the tuition fee being misplaced or lost.
There are online payment modules for school fees, school tuition, school housing, online classes, online education services, and more. No matter what type of service your school provides, it needs an online payment system to ensure the best possible user experience for everyone involved. Cash is slowly becoming a thing of the past it seems. Fewer and fewer businesses are accepting cash as payment in general. It is important to keep up with the times and adjust your payment methods as needed.
A secure online payment portal is the safest and most convenient way to pay online for online schools. Even if your school is not online, a secure online payment module can still benefit you greatly. Online payments may be the future of online education so it’s best to keep up with the times and have an online payment system in place for parents. Cash payments are taking a backseat online and it’s important to make online payments for online school fees easy, fast, secure, and convenient.
SchoolCues is an all-in-one school management system for small schools with limited budgets and resources. Our solutions include admissions and enrollment, online payments, student information system, gradebook, communications, parent engagement, donations and fundraising, alumni management and more. Schedule a demo with us today.