Are you a guardian or a student pursuing your studies? Are you concerned about the submission of the fees? All right, no need to worry about it, as you are in the impeccable place, where you will get to know about the latest procedure of submission of the fees, without being physically present in school or college.
Manual fee collection is a tedious process, and that is why online fee submission has become a popular one nowadays. As the fee structure of every class varies from one another, using the manual procedure is really cumbersome work.
In this context, PayMyFee allows your esteemed institution to collect the fees from online either from the students or from the guardians. With the aid of online fees software, PayMyFee is ready to give you top-notch service that supports a wide range of payment options comprising of UPI payment and major bank payments.
PayMyFee indulges you to save your precious time and make the payment of college fees and payment of school fees online by knowing the benefits of online fees payment.
Integrated Digital Payment As technology is considered a boon, you don’t have to stand in a long queue and waiting for your turn. Any particular educational institution can maintain a digital format by which the online fess collection systemcan be done, that too in a paperless system. By doing this, the hue and cry of the long queue and be reduced, and on the other hand, being paperless system it can be considered as eco-friendly.
Less Late Fees By any means, if the fees due date ha been over, then it is very much frustrating that what could be the administrator thinks of. In turn, the administrator sends a couple of reminders to guardians/students regarding the payment clearance. To avoid that, a simple payment process has been followed. The whole statement of payment clearance is given on an e-mail that has a direct link to the payment portal. After that, with the aid of fee management software, payment can be done after adding the bak and other details. In some time, it reflects on the organization’s bank account.
Automatic Calculation Without any erroneous calculation, fee management software calculates the monthly fees including library fees, hostel fees, electric charge, and other relevant charges and produces it all in a single bill.
Secure Way to Pay If you are a guardian and you are going to clear your son/daughter fees via online payment mode. Suddenly, a question stuck on your mind, is it secure? Will my hard-earned money is not going into the water? All right you don’t have to worry about it. This process is completely secured and safe. Fee management software is there to cater to you with a secure, hassle-free, and transparent payment system. This makes make sure that there are no fraudulent transactions or any spam regarding your payment.
Faster Payments The online fees collection system assures you to get rid of standing in the long queues. This system allows quick remittance by using the protected online payment gateways. Not only that, but this system can also receive payment from willing donors and other contributors.
Easy Customization Several educational organizations have multiple campuses in some other locations. With the help of fee management software, all the operations of the payment can be easily done. Besides that, if any new campus of any particular organization is established, then it can also be added to the payment module.
In the end, it can be said that online payment gateways are excellent to serve the parents, that too in an easier and faster way. You can pay your fees, sitting on a comfortable couch, and can munch on the fact, that you are also a part of Digital India.
Frequently Asked Questions
Here's what you need to know about PayMyFee, based on the questions we get asked the most.
When & how will I receive the fees paid by my students?
We follow a 'T + 2' settlement cycle, meaning the payment will be settled into your bank account in 2 working days from the successful transaction date. This is the same bank account details of which were provided in your KYC documents.
What are KYC documents and why is it required to be submitted?
Generally an identity proof with photograph and an address proof are the two basic mandatory KYC documents that are required to establish one's identity.
For KYC, one needs to upload copies of PAN Card, Aadhar Card & a Cancelled Cheque (without signature).
The objective of KYC guidelines is to prevent businesses from being used by criminal elements for money laundering activities. It also enables businesses to understand their customers, their financial dealings so as to serve them better and manage its risks prudently.
What if I do not submit KYC documents?
For KYC, one needs to upload copies of PAN Card, Aadhar Card & a Cancelled Cheque (without signature). If someone does not upload the KYC documents, settlements to the partner Institute will not happen & shall be withheld. To start settlements to your bank account, we need your bank account details & your PAN details.
How to add Students?
Students can be added one-by-one or imported from an Excel file. Format of the Excel file can be found in the panel itself.
How many students can be added?
Unlimited. There is no limit on the number of students you can add or import.
How will my students know about their login details?
Students will receive an SMS with their login details on their mobile phones immediately after their account is created in the system - either when you import student details in to the system or when you create their account individually.
How many courses & programs can I add?
Unlimited. There is no limit on the number of Courses, Programs or Batches you can create.
Two of my Courses have the same fee structure. Do I need to enter the same data twice?
No. You can copy the fees structure & rename it as per your needs. You can also modify, add or remove fee heads if needed in the copied fees structure.
What are the different types of payment methods in which my students can pay?
PayMyFee supports & accepts payments from all major Credit & Debit Cards (VISA, MasterCard, RuPay, AMEX, Diners), Internet Banking (All major Indian Banks), Mobile Wallets (Paytm, Mobikwik, JioMoney, etc.), UPI & Prepaid Cards.
PayMyFee also supports acceptance of International payments.
From the PayMyFee Blog
Some quick reads from our official blog. Handpicked for you.
The gradual development of technology along with its vast stretches of contribution towards making life easier can never go unnoticed. Gone are the days of the traditional fee collection process. While schools and colleges are advancing to an internet-based system of education, why the fee collection system should be any different? Introducing PayMyFee - a noted fee management software that has revolutionized the aspects...
The current pandemic has already brought several well-thriving organizations to knockdown on their knees, among which educational sector too holds a share. And such condition left them no other option to keep it going than to rely on digital solutions.
Though the institutions are rendering their services via online teaching but when it comes to collection of fees, they are facing much hassle. Moreover, the current...
With the unfortunate rise of corona hazard, the world of education has been compelled to bring about a huge shift in paradigm, from classroom learning to online learning. Consequently, the students are asked to pay their fees through an online fee collection system. PayMyFee is a one stop solution for all kinds of online fee submission. This fee payment portal enables the students and the institutes to transact online...