Education Payment Solutions
Tranzpay offers modern education payment solutions to make inbound and outbound payment processing fast, easy, and secure. Use our school payment solutions for your tuition, donation, and payment needs.
A Full Suite of School Payment Solutions
Educational institutions have many payment needs. The Tranzpay system handles both inbound and outbound payments using a variety of payment channels.
Use Tranzpay to:
- Bill and collect tuition payments.
- Receive donations from alumni and others.
- Pay vendors and subcontractors.
- Issue partial or full refunds on tuition.
Omnichannel Solutions
The days of relying on paper checks are over. Although some people still prefer to send or receive paper checks, many have become used to faster, paperless options.
Educational organizations that support these digital payment options prosper as a result. When you make sending money easier, you increase on-time tuition payment rates and encourage more donations. Payment options are also important for vendor payments and tuition refunds – by providing convenient and secure outbound payment options, you boost satisfaction and protect your institution’s reputation.
Tranzpay supports multiple channels for inbound and outbound payments, including:
Credit Card Processing
Your students or their parents may prefer to pay by credit card. Our fast and secure credit card processing system supports Visa, MasterCard, Discover, and American Express.
ACH/eCheck Processing
Collect tuition and donations or send payments via bank fund transfers using the automated clearing house (ACH) network.
Online Bill Pay
Online payments are easy and secure using the Tranzpay system.
Instant Deposits
Send payments to checking accounts in seconds.
QR Code
Payors scan the QR code using their mobile phone to begin the transaction. For example, your organization may like to offer a QR code as an easy way to encourage donations.
Digital or Paper Check
Send paper checks by mail and digital checks to the recipient’s email.
Venmo/Paypal
Accept payments through these popular payment platforms.
Virtual Debit Cards
Add virtual debit cards to a phone wallet to facilitate fast and easy payments.
IVR
Interactive voice response (IVR) systems provide a convenient option for students or parents who want to make payments by phone. Multilanguage and text options are available. IVR systems provide an option for payments 24/7, are available without wait times, and reduce the burden on your staff.
Convenient Tuition Payment Software
Colleges, trade schools, private schools, and other educational institutions need a convenient and secure way to collect tuition payments. Tranzpay provides the ideal tuition billing software.
- Students and their parents can choose the payment option of their choice. The large number of supported payment channels means everyone can find a method that works for them, which helps schools avoid payment issues and delays.
- Tranzpay offers recurring billing on a weekly, monthly, quarterly, or yearly basis. Our recurring billing options support payments made via credit card or ACH. This is a convenient way to avoid late payments from students with repeating payments.
- Tranzpay offers convenient eInvoice services. Your institution will save money on printing and mailing and your students will enjoy the convenience of going paper free. This is especially important for students who may not be at the same address throughout the year or who need to easily forward billing information to their parents.
If you need to issue a full or partial tuition refund, use Tranzpay. It’s the one-stop solution for all of your tuition payment needs.
Frequently Asked Questions
Are Tranzpay payments secure?
Does Tranzpay verify tuition payments?
How much do Tranzpay transactions cost?
What kind of payment tracking does Tranzpay support?
When you use Tranzpay, you’ll always have access to detailed inbound and outbound payment information. We offer:
- A user-friendly dashboard. This provides information on transactions, giving you a way to see high-level information.
- Real-time payment tracking. See exactly when your payments leave your accounts and enter your payees’ accounts.
- Instant reports. Our system captures payment activity in detail. You can generate reports instantly, whenever you need them.