How PayMyFees Works?

Whether you're a School, College, a Coaching Institute or a Private Tutor, PayMyFees is a fantastic fees management software that lets you collect fees online from your students.

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Want to collect fees online from your students and manage their data easily? Here's how you can use PayMyFees and start accepting payments from your students online.

 
 
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1. Create an account

Sign up for a free PayMyFees account & upload your KYC documents. Once your account is verified & approved, you can then explore our platform functionalities and start accepting your first payment.

2. Create Courses, Programs & Batches

For better management, organize your students in the different Courses & Programs you offer. You may also want to categorize them in groups/batches.

You can create Unlimited Courses, Programs & Batches.

 
 
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3. Create Fees Structure

Once you have created your Courses & Programs, you need to create a Fees Structure for each of them.

A fee structure is a combination of various fee heads, collected over the period of a Course/Program either one-time (like Admission Fees) or recursively (like Tuition Fees).

4. Add or Import Students

Finally, add or import details of your students in to the system & link them to their respective Course or Program.

PayMyFees automatically creates a student account for your students, via which, they can login to your Student Portal & pay their fees online.

 
 
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5. Bingo! Start collecting fees online

Once you have completed the above, you are ready to collect fees online from your students. :)

Frequently Asked Questions

Here's what you need to know about PayMyFees, based on the questions we get asked the most.

We follow a 'T + 2' settlement cycle, meaning the payment will be settled into your bank account in 2 working days from the successful transaction date. This is the same bank account details of which were provided in your KYC documents.

Generally an identity proof with photograph and an address proof are the two basic mandatory KYC documents that are required to establish one's identity.

For KYC, one needs to upload copies of PAN Card, Aadhar Card & a Cancelled Cheque (without signature).

The objective of KYC guidelines is to prevent businesses from being used by criminal elements for money laundering activities. It also enables businesses to understand their customers, their financial dealings so as to serve them better and manage its risks prudently.

For KYC, one needs to upload copies of PAN Card, Aadhar Card & a Cancelled Cheque (without signature). If someone does not upload the KYC documents, settlements to the partner Institute will not happen & shall be withheld. To start settlements to your bank account, we need your bank account details & your PAN details.

Students can be added one-by-one or imported from an Excel file. Format of the Excel file can be found in the panel itself.

Unlimited. There is no limit on the number of students you can add or import.

Students will receive an SMS with their login details on their mobile phones immediately after their account is created in the system - either when you import student details in to the system or when you create their account individually.

Unlimited. There is no limit on the number of Courses, Programs or Batches you can create.

No. You can copy the fees structure & rename it as per your needs. You can also modify, add or remove fee heads if needed in the copied fees structure.

PayMyFee supports & accepts payments from all major Credit & Debit Cards (VISA, MasterCard, RuPay, AMEX, Diners), Internet Banking (All major Indian Banks), Mobile Wallets (Paytm, Mobikwik, JioMoney, etc.), UPI & Prepaid Cards. PayMyFee also supports acceptance of International payments.

From the PayMyFees Blog

Some quick reads from our official blog. Handpicked for you.

Tips for Maximizing Efficiency with PayMyFee
Tips for Maximizing Efficiency with PayMyFee
In today’s fast-paced digital world, managing fee payments for schools and educational institutions can be time-consuming and complex. PayMyFee offers a comprehensive solution that simplifies the entire process for administrators, parents, and students alike. By leveraging its time-saving features and customization options, users can maximize efficiency, reduce errors, and enhance the payment experience. This article...

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Comparing Online Payment Platforms: Why Choose PayMyFee?
Comparing Online Payment Platforms: Why Choose PayMyFee?
The rise of digital payments has transformed the way educational institutions manage fee collection, offering a seamless experience for both administrators and parents. As online payment platforms continue to proliferate, it can be challenging for schools, colleges, and parents to decide which one suits their needs best. In this blog post, we’ll conduct a comparative analysis of PayMyFee and other popular online payment...

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How Educational Institutions Are Revolutionizing Fee Management with PayMyFee
How Educational Institutions Are Revolutionizing Fee...
In the ever-evolving world of education, managing fees efficiently has always been a challenge. Educational institutions face multiple hurdles, from tracking payments and generating invoices to ensuring timely collections. However, with the advancement of technology, solutions like PayMyFee have emerged, offering seamless, secure, and efficient fee management systems for schools, colleges, and universities. In this blog,...

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