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 scenario has just made the process a bit more apprehensive, both for the institutes and students. Hence, it become quintessential for the educational institutes to opt for an online fee collection platform to collect their students’ fees to continue their services. However, if this online fee scenario is still stuck in your head, let us take the responsibility to clarify your doubts.
Error-free Digital Solution
The process of collecting and managing the fee records of students is itself a work of much daunt and trouble than it seems. However, choosing an online software makes this work way easier as it provides a one-stop solution for you to manage and keep all your students’ data and personal information stored. Moreover, it also terminates the chances of human errors of calculating fees and maintaining students’ accounts.
Secured Payment Gateways
Though various payment applications are quite popular these days, there are still a lot of parents out there who find it threatening to use online payment platforms. Thus, to safeguard their concerns and avoid cyber-threats, most online fee payment applications use cloud based multi-layer encryption pattern to offer them a more secured payment option.
For most of the institutes, collection of fees is yet a hectic task, especially in this pandemic period, which many of them are facing. Also, often the parents forget the last date of paying fees and ends up in paying penalties. Well, choosing an online fee payment application can ease up this work in both ways. It automatically sends reminders on registered mobile numbers and emails to lessen up your difficulties.
Also, it offers you to add unlimited courses and fee heads. Now you no longer must take up the responsibility of calculating the fees individually. Instead admins just need to add the students in respective courses and the application automatically calculates their respective fees based on their fee structures.
Dedicated Student Portal
Online fee payment applications offer a dedicated student portal for your students which allow them to pay their fees online without struggling. In fact, they give a clear view of the fees already paid, due fees and everything in between, to the students to avoid any kind of confusion.
Perks of Choosing PayMyFee
Apart from the above functionalities which an online app usually performs there are several extra perks that you can enjoy with PayMyFee which may convince you to consider it over its contemporaries. This application serves you 24*7 and accepts all kinds of payments including Net banking, UPI transaction, mobile wallets and all credit and debit cards (including RUPAY). Moreover, in addition to a dedicated student portal, PayMyFee allows its users to customize the student portal according to their will. You may add your own logo, colors and can easily import your students’ data in bulk from your existing application. The most uniqueness of our application is, it bears Custom Domain Mapping that enables you to integrate your own website which will eventually lead the students to open the student portal as a sub-site of the website. And all the above, if you feel any trouble, we are just a chat away to solve it any time.
Here's what you need to know about PayMyFee, based on the questions we get asked the most.
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.
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.
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.
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.
Unlimited. There is no limit on the number of students you can add or import.
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.
Unlimited. There is no limit on the number of Courses, Programs or Batches you can create.
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.
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.
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