{"id":2091,"date":"2020-07-02T11:55:56","date_gmt":"2020-07-02T06:25:56","guid":{"rendered":"https:\/\/cashfree.com\/blog\/?p=2091"},"modified":"2023-01-03T17:18:46","modified_gmt":"2023-01-03T11:48:46","slug":"best-payment-practices-for-education-sector","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/","title":{"rendered":"Best Payment Practices for Education Sector"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8f2987437b7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8f2987437b7\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Payment_Collections\" >Payment Collections<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Relevant_payment_modes\" >Relevant payment modes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Credit_products\" >Credit products<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Global_payment\" >Global payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Bulk_payment_links_and_custom_payment_forms\" >Bulk payment links and custom payment forms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#The_modern_alternative_to_challan_based_payments\" >The modern alternative to challan based payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Subscription_model\" >Subscription model<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#UPI_mode\" >UPI mode<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Payment_reconciliation\" >Payment reconciliation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Payment_reconciliation_when_incoming_payments_are_of_varied_nature\" >Payment reconciliation when incoming payments are of varied nature.&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Payment_Settlements\" >Payment Settlements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Payment_Disbursal\" >Payment Disbursal<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Partner_Payout_%E2%80%93_Edtech_platform\" >Partner Payout &#8211; Edtech platform<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Handling_payments_when_using_an_education_ERP\" >Handling payments when using an education ERP<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Education_ERPs\" >Education ERPs<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/#Lets_talk_payments_and_user_experience\" >Let\u2019s talk payments and user experience<\/a><\/li><\/ul><\/nav><\/div>\n\n<br>\n\n\n\n<p class=\"wp-block-paragraph\">The education sector is vast with various types of entities that can be segregated as sub-sectors such as schools, colleges, universities, large tuition\/exam preparation classes, and smaller tutorials and EdTech platforms and MOOCs(online).&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<br>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Every sub-sector works very differently when it comes to payments w.r.t. the requirement, operational flow, settlement process, etc.<\/p>\n\n\n\n<br>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few things that education merchants can focus on when choosing a payment platform. This ensures operational efficiency and better user experience for stakeholders including students, guardians, parents, teachers, vendors, among others.&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_Collections\"><\/span>Payment Collections<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relevant_payment_modes\"><\/span><strong>Relevant payment modes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Education is very different from the other sectors so all the payment modes may not be applicable. When deciding on the payment modes to <a href=\"https:\/\/blogrevamp.cashfree.com\/payment-gateway-india\">accept online payments<\/a>, you can enable modes that are relevant based on the kind of transactions you are expecting and avoid overcrowding the checkout page with too many payment modes.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Example: If the school\u2019s fee amount is around Rs.1,00,000 then wallets as a payment mode may not be useful.<\/p>\n\n\n\n<br>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Credit_products\"><\/span><strong>Credit products<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In case of high ticket value transactions, merchants can offer card and cardless EMIs payment options to the payers. The EMI option can encourage payers to move to online payments, for example, lump-sum fee payment for a 12 months online course.&nbsp;&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_payment\"><\/span><strong>Global payment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In today\u2019s global world, education doesn\u2019t have boundaries anymore. Merchants can enable international payments to facilitate cross border transactions. One can also look for a <a href=\"https:\/\/blogrevamp.cashfree.com\/payment-gateway-india\">payment gateway<\/a> that supports multiple international currencies so that the payers can pay the amount in their preferred currency.<\/p>\n\n\n\n<br>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bulk_payment_links_and_custom_payment_forms\"><\/span><strong>Bulk payment links and custom payment forms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Using payment links and custom payment forms can be an easier and faster way to collect fee payments for schools and other educational institutions. A merchant can collect fees by uploading a simple file with student information and amount. Once the file is uploaded, payment links can be generated against each order and shared via WhatsApp, SMS or email. The other option can be payment forms that can be shared with payer and payer can fill in all relevant information such as student roll no. name and amount and make the payment via any preferred payment mode.&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_modern_alternative_to_challan_based_payments\"><\/span><strong>The modern alternative to challan based payments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Challans have been one of the most prominent payment methods used by institutes to collect fees. Typically institutes generate a unique challan for each individual student. The payer then uses the challans and submits it with a Demand draft or cheque payment at the bank counter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using <a href=\"https:\/\/blogrevamp.cashfree.com\/auto-e-collect\">virtual payment collection<\/a> solutions, a merchant can replicate this age-old process and manage payment collection and reconciliation digitally. Using such solutions, a merchant can generate a unique virtual account number for each student and share the number. The payer can do a simple net-banking transfer to the virtual account number. Since the virtual account numbers are unique, the payment received can be easily mapped to the student,&nbsp; hence automating the otherwise manual process of payment reconciliation. With the advent of UPI, a merchant can even create unique virtual UPI IDs for each student and let payers pay via any smartphone using UPI based apps such as WhatsApp, Paytm, and GooglePay.<\/p>\n\n\n\n<br>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"628\" data-attachment-id=\"2099\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/paytm_upi_flow_v3\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/Paytm_UPI_flow_v3.gif?fit=1200%2C628&amp;ssl=1\" data-orig-size=\"1200,628\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Paytm_UPI_flow_v3\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/Paytm_UPI_flow_v3.gif?fit=770%2C403&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/cashfree.com\/blog\/wp-content\/uploads\/2020\/07\/Paytm_UPI_flow_v3.gif?fit=1024%2C536&amp;ssl=1\" alt=\"upi-payment-flow\" class=\"wp-image-2099\"\/><\/figure>\n\n\n\n<br>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Subscription_model\"><\/span><strong>Subscription model<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Where fee collection is periodic (monthly or quarterly or semi-annually), the merchant can offer an option to the payer to pre-authorize the periodic payment via a one-time standing instruction on card or via e-mandate using card or net banking option.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With this model, institutes can collect fees on time without any manual intervention; while for payer it removes the hassle of going through the payment process multiple times in a year. The <a href=\"https:\/\/blogrevamp.cashfree.com\/recurring-payment\">subscription payment platforms<\/a> are ideal for edtech and MOOCs that offer online courses that stretch over a period of time.&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"770\" height=\"439\" data-attachment-id=\"2100\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/emandate\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675.png?fit=1439%2C820&amp;ssl=1\" data-orig-size=\"1439,820\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"emandate\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675.png?fit=770%2C439&amp;ssl=1\" data-id=\"2100\" src=\"https:\/\/i0.wp.com\/cashfree.com\/blog\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675-1024x584.png?resize=770%2C439&#038;ssl=1\" alt=\"\" class=\"wp-image-2100\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675.png?resize=1024%2C584&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675.png?resize=300%2C171&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675.png?resize=768%2C438&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/07\/emandate-e1593670943675.png?w=1439&amp;ssl=1 1439w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n<\/figure>\n\n\n\n<br>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"UPI_mode\"><\/span><strong>UPI mode<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">UPI is the most widely used and the most economical payment mode. With more users adopting various Apps (Google Pay, PhonePe, AmazonPay, PayTM and BHIM App etc.), institutes can opt for this mode to move the <a href=\"https:\/\/blogrevamp.cashfree.com\/upi-payment-stack\">offline payments to online<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_reconciliation\"><\/span>Payment reconciliation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_reconciliation_when_incoming_payments_are_of_varied_nature\"><\/span><strong>Payment reconciliation when incoming payments are of varied nature.&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Incoming payments in case of institutes can be of varied nature such as admission fees, hostel fees, books fee, donations, government grants, etc. If all such incoming payments\u2019 headers are clubbed under a single header then it can create reconciliation problems. To manage such payments a merchant can implement either product code\/scheme code integration or use a <a href=\"https:\/\/blogrevamp.cashfree.com\/nodal-account-marketplace-settlements\">marketplace settlement<\/a> solution that would split payments based on their nature for easier reconciliation later.<\/p>\n\n\n\n<br>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_Settlements\"><\/span>Payment Settlements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Faster access to funds is paramount to any entity to fulfill their obligations (such as vendor payouts, salary disbursement, utility expenses etc). When choosing a payment platform, an institute needs to look at the payment gateway settlement cycle.&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payment_Disbursal\"><\/span>Payment Disbursal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Partner_Payout_%E2%80%93_Edtech_platform\"><\/span><strong>Partner Payout &#8211; Edtech platform<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">EdTech institutes partner with various professionals and other institutions to create content and offer courses. In addition to digital payment collection, an edtech merchant can also look at payment solutions to streamline their payouts including partner payouts. An ideal solution can be <a href=\"https:\/\/blogrevamp.cashfree.com\/nodal-account-marketplace-settlements\">marketplace settlements<\/a> that allow merchants to add multiple beneficiaries and split the payments after adjusting their own commissions and other charges.<\/p>\n\n\n\n<br>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Handling_payments_when_using_an_education_ERP\"><\/span>Handling payments when using an education ERP<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Education_ERPs\"><\/span><strong>Education ERPs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Education ERPs are evolving and are now offering multiple modules such as attendance management, program management, invoicing, inventory management, accounting, and payments. Some advanced ERPs are integrating with banks and other payment aggregators to offer the client\u2019s payment management service.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Institutes that are looking for the digitization of payments can opt for ERPs that offer payment solutions in collaboration with payment aggregators to achieve centralized control and improve efficiency.&nbsp;<\/p>\n\n\n\n<br>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lets_talk_payments_and_user_experience\"><\/span>Let\u2019s talk payments and user experience<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">User experience is an important aspect be it any industry. An institute or edtech platform is no exception. Payment experience forms a crucial part of user experience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the education industry, if we talk about payments a user can be a student, parent, guardian, or someone who is receiving the payments such as teachers, professors, other staff members, service providers, and vendors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To ensure good user experience, it is important that the merchant offers a convenient and secure way to make payments while ensuring that he\/she is disbursing accurate and timely payments. A <a href=\"https:\/\/blogrevamp.cashfree.com\/solutions\/education\">smart payment<\/a> system can help an institute and edtech platform achieve just that.<\/p>\n\n\n\n<br>\n\n\n\n<!-- DESKTOP -->\n<div class=\"tool__product desktop-banner d-none d-md-block d-lg-block d-xl-block\">\n    <div>\n        <div class=\"tool__product-icon\"><\/div>\n        <div class=\"tool__product-copy\">\n            <div class=\"tool__product-headline\">Cashfree Education Payments Platform<\/div>\n            <div class=\"tool__product-note\">Fastest way to collect fees and pay expenses through a single platform.<\/div>\n        <\/div>\n        <a href=\"https:\/\/blogrevamp.cashfree.com\/contact-sales\" target=\"_blank\" rel=\"noopener noreferrer\"><div class=\"tool__product-button\">Contact Us<\/div><\/a>\n    <\/div>\n<\/div>\n\n<!-- MOBILE -->\n<div class=\"tool__product d-block d-sm-block d-md-none\">\n    <div class=\"row\">\n        <div class=\"tool__product-icon\"><\/div>\n        <div class=\"tool__product-copy\">\n            <div class=\"tool__product-headline\">Cashfree Education Payments Platform<\/div>\n            <div class=\"tool__product-note\">Fastest way to collect fees and pay expenses through a single platform.<\/div>\n        <\/div>\n        <a href=\"https:\/\/blogrevamp.cashfree.com\/contact-sales\" target=\"_blank\" rel=\"noopener noreferrer\"><div class=\"tool__product-button\">Contact Us<\/div><\/a>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The education sector is vast with various types of entities that can be segregated as sub-sectors such as schools, colleges, universities, large tuition\/exam preparation classes, and smaller tutorials and EdTech platforms and MOOCs(online).&nbsp; Every sub-sector works very differently when it comes to payments w.r.t. the requirement, operational flow, settlement process, etc. Here are a few<\/p>\n","protected":false},"author":12,"featured_media":6974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1,1383],"tags":[],"class_list":["post-2091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all","category-payments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Best Payment Practices for Education Sector - Cashfree Payments Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Payment Practices for Education Sector - Cashfree Payments Blog\" \/>\n<meta property=\"og:description\" content=\"The education sector is vast with various types of entities that can be segregated as sub-sectors such as schools, colleges, universities, large tuition\/exam preparation classes, and smaller tutorials and EdTech platforms and MOOCs(online).&nbsp; Every sub-sector works very differently when it comes to payments w.r.t. the requirement, operational flow, settlement process, etc. Here are a few\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Cashfree Payments Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-02T06:25:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-03T11:48:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aditya Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aditya Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Best Payment Practices for Education Sector - Cashfree Payments Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/","og_locale":"en_US","og_type":"article","og_title":"Best Payment Practices for Education Sector - Cashfree Payments Blog","og_description":"The education sector is vast with various types of entities that can be segregated as sub-sectors such as schools, colleges, universities, large tuition\/exam preparation classes, and smaller tutorials and EdTech platforms and MOOCs(online).&nbsp; Every sub-sector works very differently when it comes to payments w.r.t. the requirement, operational flow, settlement process, etc. Here are a few","og_url":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/","og_site_name":"Cashfree Payments Blog","article_published_time":"2020-07-02T06:25:56+00:00","article_modified_time":"2023-01-03T11:48:46+00:00","og_image":[{"width":1200,"height":1200,"url":"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1","type":"image\/png"}],"author":"Aditya Kulkarni","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aditya Kulkarni","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#article","isPartOf":{"@id":"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/"},"author":{"name":"Aditya Kulkarni","@id":"https:\/\/blogrevamp.cashfree.com\/#\/schema\/person\/f5b9501950e773a02789a6c90c58a01c"},"headline":"Best Payment Practices for Education Sector","datePublished":"2020-07-02T06:25:56+00:00","dateModified":"2023-01-03T11:48:46+00:00","mainEntityOfPage":{"@id":"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/"},"wordCount":1107,"commentCount":0,"image":{"@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1","articleSection":["All","Payments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogrevamp.cashfree.com\/best-payment-practices-for-education-sector\/","url":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/","name":"Best Payment Practices for Education Sector - Cashfree Payments Blog","isPartOf":{"@id":"https:\/\/blogrevamp.cashfree.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#primaryimage"},"image":{"@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1","datePublished":"2020-07-02T06:25:56+00:00","dateModified":"2023-01-03T11:48:46+00:00","author":{"@id":"https:\/\/blogrevamp.cashfree.com\/#\/schema\/person\/f5b9501950e773a02789a6c90c58a01c"},"breadcrumb":{"@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#primaryimage","url":"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1","contentUrl":"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1","width":1200,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.cashfree.com\/blog\/best-payment-practices-for-education-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogrevamp.cashfree.com\/"},{"@type":"ListItem","position":2,"name":"All","item":"https:\/\/blogrevamp.cashfree.com\/category\/all\/"},{"@type":"ListItem","position":3,"name":"Best Payment Practices for Education Sector"}]},{"@type":"WebSite","@id":"https:\/\/blogrevamp.cashfree.com\/#website","url":"https:\/\/blogrevamp.cashfree.com\/","name":"Cashfree Payments Blog","description":"Cashfree Payments- Payment Gateway for India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogrevamp.cashfree.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogrevamp.cashfree.com\/#\/schema\/person\/f5b9501950e773a02789a6c90c58a01c","name":"Aditya Kulkarni","url":"https:\/\/blogrevamp.cashfree.com\/author\/aditya\/"}]}},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9MjXo-xJ","jetpack_likes_enabled":false,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2020\/09\/Main_Education_02.png?fit=1200%2C1200&ssl=1","_links":{"self":[{"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/posts\/2091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/comments?post=2091"}],"version-history":[{"count":17,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/posts\/2091\/revisions"}],"predecessor-version":[{"id":14573,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/posts\/2091\/revisions\/14573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/media\/6974"}],"wp:attachment":[{"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/media?parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/categories?post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogrevamp.cashfree.com\/wp-json\/wp\/v2\/tags?post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}