In view of the recent rush towards digital payments in India, Online schools fees payment system is the urgent need of the hour. If you want to sync with the global standards and be efficient, you need to digitize more and more processes and services.
Processors may not offer instant credit card processing approval to schools but they definitely approve schools for credit card acceptance in a short time.
What are the benefits of Online Fees Payment System?
The Payment gateway for schools makes fee collection for schools very easy and efficient. Easy record keeping, automated processes, less human computational error, digital receipts, efficient grievance readdress and time saving feature makes it necessary for the current schooling system. With this facility, now we don’t need to go anywhere, still all the clumsy work can done within minutes by visiting the schools website.Many schools have started using this system and they did set a benchmark for other schools who consider themselves at per with premium educational institutes.
CBSE issued a notification to promote cashless system in schools School Payment gateway system provides all the services at one place. Online Payment Gateway for school would facilitate the user to use Debit Card, Credit card, Net Banking, E-wallets Or other payment solutions techniques at one place and the paid amount reaches to the connected bank accounts of schools by the automated servers. Schools that deal with cashless system will surely solve basic accounting challenges by using secure and well connected IPG/Merchant Account.
With dedicated billing management system for the partner schools, Now Schools can easily notify parents about the online fees payment dates and validity. Hence parents will be up-to-date about the status of the payment directly via any Email or SMS. Parents can pay the fees by visiting schools website or clicking on the payment link available on the email invoice.
Benefits of using a Payment Gateway for School
- Time-saving process both for student and school.
- No hustle of keeping the document in hard copies.
- No discrepancy by any means.
- Boost to the paperless Indian Economy and Digital India initiative.
- All the fee payment records can be retrieved for accounting, very easily at any time.
- Easy service ability at any stage.
- Low transaction rates with the inclusion of online schools fees payment.
The aim is not to eradicate the old system but to enhance it and make it much accessible for student and their parents. It will not only help in managing the data, but in shaping and nurturing the kids towards the digital payment ecosystem from a tender age. School fee payment gateway will help schools in following the latest recommendation from CBSE.