We are living in an information technology age where everything is online. Starting with purchasing goods to making reservations, everything has become online facilitating a more convenient, faster and secure payment process. One does not have to go to the store to buy his desired product, all he/she can do is shop online. Similarly one can make reservations from wherever he is rather than taking his time to go and book his tickets. All this is made possible because of the online payment and there is no doubt online payment has made our lives easier.
To volunteer the same level of comfort to all the parents, schools also have chosen the path of the digital economy to make transactions cashless. Many schools have already conceptualized online payments at their schools simultaneously educating parents of its greater advantages. Rather than making parents come to the school and make them stand in long queues to pay the school fee, online payment enables them to pay the fee from anywhere in a secure environment.
MyClassboard has ushered payment gateway integration in its school fee software making the online payment process effortless to parents and school management as well. The payment gateway integration enables parents to pay the fee using their debit card, credit card or internet banking from anywhere. The school management will not have to spend time processing the payments.
MyClassboard helps the schools to assist parents by offering them online payment services. MyClassboard has integrated with Paytm gateway payment and pilots Paytm Wallet to parents that enables them to pay the fee. Atom payment gateway is another payment aggregator that facilitates to accept payments online, on Mobile, on IVR & POS using a credit card, debit card, net banking and IMPS. MyClassboard has also integrated with HDFC and ICICI, and if the school needs any other payment gateway integration MyClassboard is ready to provide that as well, as per their convenience.
The main advantage of opting for payment gateway is online payment, which saves the precious time of parents and school management. The other benefit is it does not require any accountant. School administration can now focus more on other financial issues like transport expenses, petty cash, financial budgeting for the institution or income and expense transactions.
Encouraging schools to move parent payments online, MyClassboard pilots its services for digital transactions through the fee collection software. This is the time for schools and parents to act smart by embracing the smart technology that benefits both parent and school.