For private and vocational colleges on Xero or QuickBooks Online, Paidnice chases tuition invoices, takes the payment and adds the late fee your enrollment agreement allows.
No credit card. Your first 20 actions are free.
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Your finance office sends nothing by hand: email and text reminders go out on the schedule you set, to the student or sponsor who pays the fee, from your own domain.
We deal mostly with large b2b where our invoices often go missing during the approval process. Paidnice automates our outreach and statements allowing us to be paid much faster.
An employer or scholarship trust paying for three students gets one consolidated statement. It goes out on the day you choose, with the interest on the overdue balance recalculated at send.
The time-consuming task of chasing debt and sending statements is now a thing of the past, as everything is handled automatically.
Students pay every open invoice at once on your own branded portal, by card or ACH, from the pay button on every reminder and statement, or set up an installment plan.
Really saved us time in helping customers settle multiple part paid Xero invoices in a single Stripe payment.
Late fees, interest or discounts are set per group, so students keeping to a plan are not charged. In Australia, a college generally must not take more than 50% of an overseas student's tuition fees before the course starts (Department of Education).
We saw a great improvement in the average time to pay across all clients and the subscription cost is more than covered by the interest generated, so it pays for itself.
Your finance office gets a task only when reminders run out, with the payer's balance, average days to pay and rating attached.
Paidnice has been exactly what we were looking for to help address the ongoing challenge of past-due invoices.
Nothing changes about how you enroll or bill. Paidnice works alongside aXcelerate and VETtrak on Xero and chases the tuition invoices that reach Xero, or that a college raises in QuickBooks Online; it does not replace your student management system.
“It’s the debt collection system I’ve been looking for, for the last 15 years.”
Connect Xero or QuickBooks and Paidnice prepares draft policies for you. Nothing runs until you approve them.
