Structured Payments

Fee Payment Process

Merchants like schools, colleges, sports organization, fitness chains, preschools, hobby classes, etc. - all collect money from their students/ patrons / subscribers, on a periodic basis, based on criteria such as grade, type of service (education fee, transport fee, etc.), course offered, etc. Fee Plaza provides merchant-branded web pages and mobile apps for collecting these payments. Paying fees repetitively, is a necessary but less productive task. That means traveling to the source repeatedly, standing in seemingly unending queues, rain or shine. All this and more, as the fee receipts may be erroneous and cause headaches. Fee Plaza provides you the convenience of fee payment.

Payers simply follow these steps:

1. Payer signs-up by providing details either on the merchant's payment page or on the merchant branded payment app. Payer provides contact details for to receive transaction confirmation records upon successful payment and communication. As a policy, Fee Plaza does not call the payer / beneficiary unnecessarily or spam.

2. Payer adds a beneficiary, can be self child, friend, spouse, relative or just anyone that payer intends to pay for. Payer chooses the relevant details. The fees applicable will be predetermined for the payer.

3. Payer agrees to the terms and clicks pay. Payer authenticates the payment with the payment gateway / bank. That's it!

We suggest the following tips for payers to benefit the maximum while using Fee Plaza's service.

• Payers must follow all the security instructions and guidelines provided by their banks and card issuers.

• Payers must not share their credentials with anyone, including anyone claiming to be from Fee Plaza Inc. or the bank. As a policy, Fee Plaza does not seek any of the payer's financial credentials.

Collection of structured fees

Fee Plaza provides invaluable service to Merchants like education institutes, preschools, sports organization, fitness centers, schools of art (such as acting, cinematography, script writing), etc.

A few of those benefits are listed here.

1. Increased fee collection duration - 24 hours a day, all days a week.

2. Centralized data collection across franchisees; immense management control.

3. Improvement in punctuality of payments, due to increased availability of service.

4. Increased variety of payment instruments.

5. Automated daily settlement, free from errors.

6. Avoidance of cash handling risks, such as frauds, counterfeit notes and embezzlement.

7. Automated transaction confirmation records for successful payment and periodic reporting.

8. Savings from reduction of fee collection staff.

9. Increased customer satisfaction.

10. Great opportunity for merchants to extend their brand experience to their payment process.