If you are running an educational institution and still accepting the payments or collecting the fees physically or via traditional mode of payment by students and parents at your Institution, then you are probably losing your brand image. Over the past decade, internet and computer has become a daily destination for the people all over the world. Technology has made the life easier. One of the biggest technological innovations is: E-Payments or Online Payments Gateways especially in the field of banking, finance and commerce.
E-Payments or Online Payments are a technological breakthrough that enables to perform financial transactions electronically. E-payments have many benefits, which one can never find in traditional modes of payment. Some of them are:
Integrity
Privacy
Mobility
Convenience
Low financial risk
Good transaction efficiency
CONVENIENCE: Individuals, Parents and Students can pay their fees at unconventional locations 24 hours a day, 7 days a week and 365 days a year. There is no waiting for school or educational institution to open. Parents or students need not worry that they forgot to drop off the fee payment at their institution before vacations or holidays. The online payment facility enables the parents and students to pay the fees on time, even on holidays.
SAVE TIME: The other Online Payment System benefit is that it enables the parents and students to pay the fees in just few seconds or in a flash. It not only saves the time of parents and students but also saves the time of staff in managing the slips and accounts of each student in the educational institution. The online payment system not only collects the fees but also helps in keeping the track of online reports and MIS of each and every student. Therefore it reduces the mistakes and time of the staff.
SECURE: These online payments are more secure as compared to traditional way of paying the fees. In the traditional way of payment, the risk of stealing money is more(on the way), but the online payment system reduces this risk. It also lowers the risk of human error by reducing the number of people in the large queues.
MINIMIZES COSTS: The online fee payment method reduces the cost of postage, trips to schools or educational institution. The individual paying the fees online can save hundreds of dollars per year. Today, in this age, reducing the extra expenses is quite important for many individuals.
One of the online fee payment systems that is secure and easy to use is Entritt Solutions. It is a nationwide platform for easy payment of fees for any educational institution.
CONCLUSION: The above benefits prove the importance of online fee payment system and every educational institution must accept this mode of fee payment for their brand image and convenience.
E-Payments or Online Payments are a technological breakthrough that enables to perform financial transactions electronically. E-payments have many benefits, which one can never find in traditional modes of payment. Some of them are:
Integrity
Privacy
Mobility
Convenience
Low financial risk
Good transaction efficiency
CONVENIENCE: Individuals, Parents and Students can pay their fees at unconventional locations 24 hours a day, 7 days a week and 365 days a year. There is no waiting for school or educational institution to open. Parents or students need not worry that they forgot to drop off the fee payment at their institution before vacations or holidays. The online payment facility enables the parents and students to pay the fees on time, even on holidays.
SAVE TIME: The other Online Payment System benefit is that it enables the parents and students to pay the fees in just few seconds or in a flash. It not only saves the time of parents and students but also saves the time of staff in managing the slips and accounts of each student in the educational institution. The online payment system not only collects the fees but also helps in keeping the track of online reports and MIS of each and every student. Therefore it reduces the mistakes and time of the staff.
SECURE: These online payments are more secure as compared to traditional way of paying the fees. In the traditional way of payment, the risk of stealing money is more(on the way), but the online payment system reduces this risk. It also lowers the risk of human error by reducing the number of people in the large queues.
MINIMIZES COSTS: The online fee payment method reduces the cost of postage, trips to schools or educational institution. The individual paying the fees online can save hundreds of dollars per year. Today, in this age, reducing the extra expenses is quite important for many individuals.
One of the online fee payment systems that is secure and easy to use is Entritt Solutions. It is a nationwide platform for easy payment of fees for any educational institution.
CONCLUSION: The above benefits prove the importance of online fee payment system and every educational institution must accept this mode of fee payment for their brand image and convenience.
0 comments:
Post a Comment