Great Payers: On one end you have families
that pay everything on-time, every time.
Struggling Payers: On the other end of
the payment spectrum you have the families that
scrape to keep their children at your school.
Slow Payers: In the middle is the group that
is the most challenging to manage. They are your
slow payers; and they are usually the largest group.
Re-shaping their behavior is critical.
How can you make your school a
payment priority with your parents?
Here are 6 suggestions:
1. Clear Guidelines: Distribute clearly written
payment guidelines to parents annually.
2. Consequences: Provide detailed descriptions
of the consequences for late payments. Follow
through with the stated consequences.
VISA Checkout® is VISA’s
electronic wallet solution
It allows payers to speed
through checkout when making
online purchases or donations.
VISA Checkout makes
payment transactions easy, secure,
and convenient for your payers.
• 95% of users said it was easy
to sign up to use.
• 96% of users say they feel
very secure using it.
The VISA® brand is the most
3. Late Fees: If a consequence is a late fee, make
it serious enough to change behavior. $40 is a
standard late fee amount.
trusted e-commerce payment
4. Monthly Invoicing: Consolidate all charges on
one single bill for each month. Don’t ask families
to pay you several times a month.
to use VISA Checkout to
provider.
Smart Tuition encourages payers
speed up the payment of school
tuition and fees.
5. Offer Payment Options: Give families the widest
range of payment options. Mirror the choices
they have when paying other bills.
6. Payment Cards: Credit and debit cards with EMV
chips are now more secure and many cards offer
loyalty rewards that many families desire.
Understanding the payment behavior of school
families and changing slow-payer behavior can
help your school move in the right direction of
on-time payments and improved cash flow.
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