The PayMyFees Blog
PayMyFees is an Online Fees Collection System for educational institutes of all sizes. PayMyFees is a powerful combination of Fee Management Software + Online Payment Gateway that lets you collect fees online from students & manage everything easily.
Free Online Fees Collection Software: The Ultimate Solution for Educational Institutions
Sun 28th July 2024
The Importance of Online Payment Solutions for Educational Institutions
Wed 26th June 2024
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PayMyFee vs traditional fee collection process. Why Institutes should start using PayMyFee?
Wed 17th June 2020
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How does Online Fee Collection help the Institutes?
Wed 17th June 2020
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The Future of Online Fees Payment
Sun 14th June 2020
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How does online fees payment help the students and their parents?
Sat 13th June 2020
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Impact of COVID19 in the Fees collection process, & how PayMyFee can help everyone overcome the crisis
Fri 12th June 2020
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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.
Free Online Fees Collection Software: The Ultimate Solution...
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The Importance of Online Payment Solutions for Educational...
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PayMyFee vs traditional fee collection process. Why...
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