Top benefits of Stripe integration for schools
As one of the leading payment platforms in the world servicing millions of organisations, Stripe offers unique benefits to schools.
Its leading-edge technology delivers convenient online payments with powerful business analytics and is backed by strong fraud protection.
Take a look at the many benefits for schools and parents:
Secure payments with Stripe
Security is a top priority for any payment provider. Stripe is a certified PCI (Payment Card Industry) Service Provider Level 1, the most stringent certification level available in the payments industry.
By leveraging advanced encryption methods and adhering to industry-leading security standards, Stripe ensures that sensitive payment data is handled securely and confidentially.
With our integration, parents can enter payment details into the Community or Parent Portal, which bypasses all school-hosted systems, leaving it up to Stripe’s best-in-class security tools and practices to protect your parents’ account details.
Additionally, Stripe has built-in fraud prevention capabilities, utilising machine learning algorithms to detect and prevent fraudulent transactions, providing an added layer of protection for schools.
Faster online payments through Engage, Synergetic and Zunia
Stripe enables instant online payments through our school platforms Engage, Synergetic, and Zunia. Payments are available for transfer into your school bank account immediately. Improving speed of payment and the schools cash flow.
The Stripe platform makes it easy for parents and contacts to make payments to your school without having to set up an account with Stripe. Through the school management system, parents can pay in a few quick clicks.
Give parents more choice of payment methods
Stripe supports various payment methods, including credit and debit cards and digital wallets such as Apple Pay and Google Pay. By offering diverse payment options, Stripe helps schools provide more payment options to parents and simplify the payment experience.
Parents can make payments in one place
We are always looking for ways to make our platforms more user-friendly for school staff and communities.
With our Stripe integration, parents on Synergetic and Engage can go to one place and make immediate payments to the school, including their school fees, voluntary contributions, events and excursions. Payments can also be taken ad hoc for extras or activities that aren’t part of a standard school billing cycle.
For example, parents can make immediate payments in Engage for any charge assigned to their Parents My Accounts page, including invoices, activities, daybook items, and web admissions payments.
Enable payment plans
As a new feature schools will soon be able to use Stripe for automated recurring payments.
This means parents can choose from various payment plans and choose to have them administered by the school so that payments are set-and-forget.
Reduce admin and improve school fee management
Collecting payments via Stripe reduces the time your school finance team spends chasing payments from parents and reduces credit control problems.
When a payment is received via Stripe, a receipt is immediately created and matched against the relevant invoice with no manual intervention required. This gives an accurate, up-to-date picture of parent debt and reduces the chance of user error when assigning payments.
More reporting with Stripe
Our school management systems have superior reporting for schools, which is made even more comprehensive with Stripe.
Stripe provides detailed analytics and reporting features that offer insights into transaction data, customer behaviour, and school performance.
Set your school up for success
Education Horizons has delivered learning, school administration and property/asset management software to support over 2000 schools globally for over 40 years.
Optimise your entire school with premium EdTech solutions. Talk to our experts about how we can help you implement it. Call +61 1800 498 642 or +44 1935 403 020 or contact us via the form below.
