Electronic Check Processing for Universities

Electronic check processing can benefit universities in many ways. With the ever-increasing use of online applications, universities can now accept online payments via electronic check instead of credit card. Universities can also accept tuition payments and mailed application fees with electronic checks rather than paper checks or credit cards. Electronic check processing will save the university money and increase convenience for its students and applicants.

With electronic check processing, universities can accept electronic payments online or over the phone, transferring the funds directly from the student’s or applicant’s bank account. This will allow applicants who don’t use credit cards to apply online. It will also eliminate the need to use credit cards or paper checks when accepting tuition fees.

Benefits

Save money
By accepting electronic checks, universities can avoid the expensive fees associated with credit cards. Instead of paying a high percentage of each credit card transaction to the credit card companies, universities can pay a much lower per-transaction fee for electronic checks. The schools will also save the costs and processing time that comes with accepting paper checks for tuition and applications.

Increase convenience
By accepting electronic checks, universities can open their online application process to the millions of people who don’t use credit cards. Universities can also set up recurring tuition payments electronically, eliminating the need for students to continuously send paper checks.

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