For education
Did you know the average university, with an intake of around 400 overseas students, could save £50,000 a year in fee processing costs by adopting Travelex payment solutions?
Reduce costs and simplify the process of fee collection
Managing student payments and collecting and tracking these payments is costly and time-consuming. We understand these issues and have a suite of global payment services specially created for the education sector. These are specifically designed to ease the pain of collecting and tracking student fees, simplifying the process for both the student and the university.
There are two main areas to the Travelex solution:
Online payments
- Advance online payment helps your cash flow – we offer a single application for students to make online payments via Dynamic Currency Conversion (DCC), credit card, or wire, enabling you to receive funds earlier.
- In the United States, students often get Federal funding for their UK education. Travelex works with US student loan providers, to ensure loan cheques are cleared and credited to your account within 4 working days instead of up to six weeks with no need to open special foreign currency accounts. We currently manage loan cheques for:
- The University of Oxford.
- The University of Cambridge.
- The University of Manchester.
Outgoing international payments
- When invoices need to be paid for accommodation, research, tutors, courses and overseas student recruitment marketing, GlobalPay will simplify the process for you.
The University of Cambridge, Royal Holloway, London and the University of Nottingham are just three of the Educational institutions already signed up to the benefits of Travelex.
For more information please click here to download our brochure. Alternatively, you can contact us on 0845 300 3820 or email us at education@travelex.com.
