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Educational institutions are challenged with tight budgets. There are many ways to lower your costs and improve revenue management. You may consider card payments just another cost of operating a university. But what if you could offset those costs?
Service fees are revenue neutral and can enable your organization to better control costs associated with payment acceptance. By charging the cardholder a service fee on non-cash transactions, your university can eliminate the cost of acceptance fees.
Our Convenience Fees program can help offset costs associated with payments in card-not-present
environments, such as over the phone, mobile app or online. By leveraging convenience fees, universities can keep up with student demands for digital payment options while better controlling operating expenses.
Elavon supports solutions that enable you to minimize touchpoints while delivering a quick, easy and secure payment experience.
Our cloud-based digital billing solutions make it possible for universities to modernize the billing process and increase satisfaction with the payment experience.
A single platform designed for a university
Elavon features security technologies that protect sensitive cardholder data throughout the payment lifecycle. Our security technologies can also help organizations to reduce the time and cost associated with maintaining PCI DSS compliance.
Our higher education team is ready to help your organization better control payment acceptance risks and expenses. With our solutions and services designed to meet the needs of universities, we can help optimize your payments strategy.