TransferMate has announced a new product update for its education partners – credit card bulk payments for agents.
Agents can now utilize TransferMate’s credit card bulk payment feature through integrated partners like Edvisor, Intrinsiq, and Transact. Agents simply input an invoice number for students' credit card payments on a supported platform and make a single payment to clear that invoice.
Our API solution powers this new update, allowing TransferMate integrated platforms to collect credit card payments in bulk from agents. The new feature makes it easier and more efficient for educational agents to manage multiple credit card transactions, and easier for institutions to collect from students worldwide.
With the update launched, administrative workloads are reduced for agents and platforms, and the risk of human error when processing credit card payments is minimized. Students get more flexibility with payment options through agents, and institutions can more effectively optimize payment cycles with wider credit card acceptance.
TransferMate’s launch of bulk credit card payments offers integrated platforms, institutions and agents a new channel for efficiently managing large payment volumes while maintaining the speed, security, and transparency that TransferMate is known for.
This follows on from the previous announcement that TransferMate has achieved Texas RAMP certification, released new collection capabilities in the Republic of Korea, Egypt, Turkey and South Africa, and updated services in Pakistan, Nigeria, and Indonesia.
To learn more about the product update and how you can implement it in your student payment process, contact our education team today.
