Online Payments: ease and security for your school and students

The value of digital solutions

Digital solutions are highly valued because they allow people to perform (almost) any action from anywhere, without needing to travel to a specific location. In this context, if you run a business, skipping the step of digitalizing your payment processes for clients or students is nearly impossible.

Additionally, online payments enable you not only to track the payments you receive but also to monitor outstanding debts from your students. If this is a common issue for you, we’ve shared an article on how to deal with students who don’t pay at your school.

Now, let’s explore how online payments work with Kydemy, what you can manage, and the benefits it brings to your business.

How do online payments work with Kydemy?

The Kydemy platform uses technology from providers, like Stripe, to handle online payments without additional fees.

To enable students to make monthly online payments through Kydemy, you’ll need to configure automatic payments. This ensures that the monthly fee is paid automatically, avoiding delays and missed payments.

Moreover, whether or not students configure online payments, Kydemy allows them to access their receipts, monitor their payments, track debts, and more.

Manage your finances with Kydemy

For any business—whether it’s a school, studio, or store—regularly monitoring finances is essential to understand where costs are highest, where savings can be made, or if there are unnecessary expenses.

If this is your weak spot, we’ve shared a super helpful article on learning to manage your school’s finances.

As with any CRM, Kydemy’s management software allows you to oversee your studio’s operations, including its finances.

Within the platform, you’ll find a “Finances” section that provides access to valuable information to help you monitor your business’s cash flow, such as:

• Registered payments: View payments received by your business, whether daily, monthly, per event, or per class.
• Expense tracking: See a breakdown of your business’s expenses to identify potential savings, unnecessary costs, or essential expenditures.
• Pending payments and debts: Track which students have outstanding payments so you can follow up and avoid losses.
• Cash register: Access records of cash payments.
• Bank transfers: Kydemy allows you to create bank remittance files with students’ account details. The platform generates the SEPA document, which you can upload to your bank’s website to streamline the process and save time.

Benefits of online payments for your school

Online payments aren’t just about making transactions from the comfort of a couch. Implementing these solutions offers multiple benefits for your business.

Discover them!

• Security: Online payments securely store students’ payment information. By using high-tech security systems, all data is protected and encrypted. With a single click, both students and the school can make and receive payments securely.
• Instant verification: One of the most appreciated aspects of digital solutions is the ability to verify payments in real time, detect errors, and avoid scams. You can also immediately see the resources available for future planning.
• Convenience: Online payments allow you to pay from anywhere, at any time.
• Peace of mind: By reducing the amount of cash handled in the business, you and your staff will feel more relaxed, free from the worry and responsibility of safeguarding money in the register.

If you’d like to learn how online payments can streamline your registration processes, visit our recent blog post on Kydemy.

Still unsure about online payments?

If you’re uncertain about whether online payments are truly useful for your business or your clients, or if you’re skeptical, don’t worry! It’s normal to have many questions about this topic. If you want to clear up any doubts, schedule a free demo, and we’ll show you exactly how it works!

It’s never too late to take the first step toward elevating your business to the next level. 😉🚀