Access My School Portal
What is the best online school payment system for schools
A good online school payment system for your school will be safe and secure, make it easier for parents, reduce cash-handling costs and streamline administration time. But an excellent one will help you increase your school takings by engaging parents and making it easier for them to transfer the funds required.
Changing your payment system can seem daunting and more hassle than it's worth. But there are so many benefits to getting the right one in place at your school.
Read this a step-by-step guide to the best online payment solutions for schools and how to choose the right one for you.
What does an online school payment system do?
An online school payment system is an effective and secure way to manage payments online. An online school payment system will handle all transactions and free up administration time.
Online school payment systems are designed to ease the burden and hassle of collecting, counting, reconciling, and banking cash.
Benefits include:
- Secure and flexible online payments for school bookings, trips and clubs
- Powerful reporting to track sales and balances.
- All payments are auditable and easily reconciled
The best online school payment system should be
- Easy to use
- Reliable, safe and secure
- Convenient and flexible for parents
- Take payments for a variety of reasons
- Automatically send notifications, reminders, receipts and more
- Safely secure transaction history which can be easily accessed
- Socially inclusive and take a variety of different payments
- Reduce administrative time
- Integrate with your MIS
What is the best online school payment system for you?
Your school is unique. When choosing an online school payment system, you want one that will not only meet all your requirements now but will be flexible with your school’s changing needs.
Whether you’re looking to make the leap to become a cashless catering school or wanting to know how you could be making the most of your cashless capabilities, there are many benefits for schools who fully utilise a cashless system.
Convenient for parents
With an online school payment system parents and guardians can quickly and efficiently pay for anything from clubs and activities. No longer do they need to hunt around the house for cash but can quickly make the transaction online and tick that to-do off their list. Making it easier for parents means you will most likely see your taking increase as it is less effort.
Save you both time and money
No longer will your admin team need to chase debts, count cash, manually record transactions or take trips to the bank. Automatically send notifications, reminders, receipts and more. This will free up time to spend on other important school tasks.
Reduce debt
Online payment systems give parents more opportunities to pay, this means schools can more efficiently manage debt by monitoring payments made.
Schools with online payment systems have notice their taking increase. George Spencer Academy in Nottingham say
"Online payments has really helped us reduce our costs and the amount of time we spend counting cash; we've seen our takings increase by over 20%".
Help you manage school trips and offers
Collect and manage school trips and other offer payments, such as tickets for school plays and shows and breakfast clubs. School Administrators add new trips or offers in their own dedicated online portal, setting descriptions and payment deadlines - and data can be easily exported for quick and easy accounts reconciliation and visibility of payees.
Provide easy to understand financial reporting
A good online school payment system will give you clear and easy to understand detailed overviews of all kinds of transactions, even across a large trust. A powerful reporting dashboard will help you easily track sales and balances.
Reduce paper handling
Automated receipts and consent forms make slips of paper a thing of the past. Parents can view receipts, see their payment history, and provide online consent, all through one portal.
Most importantly be reliable and secure
Security should be top of the list when dealing with payment transactions. You want to choose an online payment system you can trust, even at the busiest of times. My School Portal for example is secure and compliant to the recognised international standard for security practice ISO27001.
You also have peace of mind that monies won’t go missing or not reach the school office. Plus, schools no longer need to store cash onsite which can affect your insurance and leave you open to theft or fraud.
How does an online school payment system benefit parents?
An online school payment system makes it easy and convenient for parents and guardians to pay for education payments such as school trips. An easy-to-use customer application will include an online account with a variety of payment options.
Without the stress of hunting around the house for money, parents can quickly pay for activities or more, giving them peace of mind and making it easier to stay on top of transactions.
This is how an online school payment system will benefit parents:
- Provide a variety of parent-friendly payment options
- Give clear visibility of account balances and transaction history
- Be more flexible, fitting around their busy lives
- Give peace of mind that money won’t be lost
- Help them stay on top of their child’s school life
When taking on a new online payment solution for your school you should consider how you will get parents on board. We know some parents can take a little more encouragement than others to invest in a new process. Here’s some top tips to get them using the new system.
1. Share on social media
Post regular and relevant updates on how and why they should be using the new system, conveying the benefits they as a parent will see from using the new platform.
2. Announce in your newsletters and on your website
Let parents know how easy it now is with an announcement in your newsletter or on your school website.
3. Talk about it at parents evening
For those late adopters why not make it a talking point at parents evening. This way you can explain the many benefits they will see and get them on board.
4. Set up a computer in your reception area
When a parent comes to the school office to make a payment, direct them to the computer to show them how easy and convenient it is online. So next time they don’t have to make the trip to school.
5. Manage everything through one portal
If everything is all done through one portal, from your parent communications to bookings and payments then it makes it super easy for parents as they know where to go for everything to do with their child’s school life.
How does an online school payment system benefit schools
An online school payment system allows schools to effortlessly go cashless. Features should include: Secure online payments, trips management, parent communications and powerful fund management.
Benefits of online payment solutions for primary schools
For primary schools, it will ease the burden and hassle of collecting, counting, reconciling and banking cash. Parents can use a range of top up methods to make online payments.
Benefits of online payment solutions for independent schools
For independent schools an online school payment solution makes managing school-related payments effortless. The cashless platform eliminates the need to count, reconcile and bank cash and cheques, significantly reducing the associated administration time and costs as all payments are made online
Benefits:
- Manage school income and parent communications
- Accept tuition payments online
- More convenient for parents providing a better school experience
- Powerful reporting to track sales and balances
- All payments are auditable and easily reconciled
How to choose the best online school payments system?
Choose an online school payments provider who specialises in schools
It’s highly recommended to choose an online school payment software that is designed specifically for the education sector.
At Access, our industry-leading online school payment software is designed specifically for the education sector. Working with schools, academies, independent schools and trusts we designed our payment solution around the exact needs of your education establishment.
Easy to use, our online school payment system easily allows parents and guardians to have more control over their child’s class trips, activities, and other events.
Safe and secure our school payment system gives schools peace of mind, whilst saving hours of admin time. Designed to be flexible for schools it can be tailored to your exact needs and can grow with your school as your needs change.
List the fees you want to process online
You won’t want to collect money for just one item, you need an online payment solution that works for your school across all your payment processing requirements.
Ideally you want to streamline as many payments, so parents and guardians know where to go and have peace of mind. You could collect payments for any of the following:
- Trips
- Clubs
- Tickets for special events
- Fundraising activities
- Ad hoc payments
Check if the online payment services are parent oriented
The best online school payment systems make it easier for parents to manage their child’s school life. Platforms such as My School Portal is design to bring everything together all-in-one easy to use parent-friendly platform.
That means they manage everything from communications to payments, parents evening and more all in one area. Even better our single sign-on feature means there’s one password, for one platform that brings everything together under one view.
They just log in and can view and manage:
- School payments
- School communications
- Clubs and activities their child is booked into
- Child’s calendar and timetable
- Homework
- Reports
- Progress
- All consent forms
- Any relevant documents and form
Plus, all interactions, transactions and data are stored within the one portal against each child. Ideal for when a parent has multiple children at the school.
Integrated with your MIS, it’s quick and easy to setup and out excellent customer support team are always on hand to provide support and guidance, ensuring your get real return on your investment.
What next?
If you’ve come to the decision to switch or implement a new online school payment solution, understanding the needs of your school and the capabilities of the software you require is a good place to start. This article has summarised some of the key considerations to bear in mind when it comes to choosing the best online payments system for your school – and how a reliable software can bring many benefits.
Please remember it’s important to choose a company that can back up their claims with customer testimonials and case studies. If the software is proven to work in other schools, then it could work with you. My School Portal is trusted and relied on by schools up and down the country. Having everything all in one place makes it easier for our schools to increase their school takings, reduce their admin time and become more efficient in school.
If you’re switching supplier then speak to us about how we can make that process easier for you, streamline the resources you have in school to save you both time and money.
We can support you in your business case to stakeholders, help you realise your goals with a news system and work out how you can reduce your overall costs.
Our customer success team will be there to support you along the way, helping you get parents on board and make the transition as easy as possible.
