If your school has international students, their tuition is likely paid through wire transfers. The process is expensive and cumbersome for families and time-consuming for your staff. Meanwhile, scammers are increasingly targeting users of these payment methods. Let us help your school connect with a solution for international payments that’s not just easier and faster than traditional wire transfers but also secure and less expensive. We do this through Flywire, a global company that processes billions in payments each year from 220 countries in over 100 different currencies.
Would you like to streamline the process of dealing with international payments and do so with confidence?
There is no cost to schools for using Flywire, and it is the exclusive international payment partner of The Association of Boarding Schools (TABS).
- Asheville School
Flywire eliminates hassles and headaches with international tuition payments by making them easier and less expensive for boarding schools and their international students.
Flywire is a secure global electronic banking system that:
- Reduces workload by automating the international payment reconciliation process
- Saves money by eliminating incoming wire and credit card fees
- Eliminates short balance and unidentified international payments
- Reduces the risk of fraud
- Provides 24/7 local language support for families
- Saves families up to 5% of tuition costs by improving currency exchange rates and reducing bank or credit card fees
|Student Challenge||Flywire Solution|
|Inflated Exchange Rates & Fees The cost of education typically increases 3-6% when banks process foreign exchange.||We protect payers by securing wholesale exchange rates worldwide.|
Making payment without a way to track the funds is worrisome and frustrating.
|Payers can log in and review payment status at any time. Email and opt-in SMS notifications are sent each step of the way.|
Time zones make it challenging to receive answers to payment inquiries in real time.
|Around the clock multi-channel support is available to answer questions.|
|Short Balance Payments
Unexpected bank fees create confusion and leave students with a balance on their accounts.
|Short balance payments are eliminated.ensuring full payment is delivered to the institutions.|
|Institution Challenge||Flywire Solution|
|Unidentified or Short Balance Payments
Do you receive bank transfers with payer information missing? How about short balance payments?
|Avoid unidentified and short balance payments with our custom payment portal that captures all payer information.|
Do you spend precious time matching individual payments to your bank statements?
|Batch disbursements and administrative dashboard facilitate fast reconcillation.|
Are you exposing your institution to fraud by publicly displaying or distributing your bank details?
|We handle all transfers, ending the need to publicly share your banking information online or in print.|
Are you equipped to respond in real time to international payers in different time zones?
|We become an extension of your campus, offreing multilingual customer support via chat, phone, and email.|