Manage net payments to schools efficiently with Qualy.
Qualy allows you to efficiently manage payments, ensuring that schools receive their funds while you retain your commission. This guide explains how to send net payments that include various fees.
Let’s say you want to send a net payment to a school, including tuition, enrollment fees, and your commission. Here’s how you do it:
Access the Payment: Start with an existing payment created in Qualy. This payment should include all relevant fees (tuition, enrollment, etc.).
Select “Pay Supplier”: Find the “Pay Supplier” button within the payment details.
Choose the School: Select the appropriate school from the list of schools associated with the payment.
Adjust Commission (Optional): Qualy will automatically calculate and deduct your commission. You can adjust this if needed. If you remove the commission amount, Qualy will send the full payment amount to the school.
Confirm and Send: Review the net payment details—the total amount going to the school, and the commission you’re retaining. Once you’re satisfied, confirm and send the payment.
Tip: Remember to always double-check all amounts before sending the payment to ensure accuracy.
Imagine a student paid AUD 1500, covering AUD 1200 in tuition, AUD 200 in enrollment fees, and you’re entitled to a commission of AUD 100 (AUD 1500 - AUD 100 - AUD 1200 - AUD 200 = 0). After you select “Pay Supplier” and specify the school, Qualy will automatically retain your AUD 100 commission and send the remaining AUD 1400 to the school.
Important Note: Qualy handles the complexity of currency conversions and international transfers, so you don’t have to.
If a sub-agent is involved and you want to send a net payment excluding their commission, simply remove the sub-agent from the payment details before processing the net payment.
Qualy provides real-time tracking of payment statuses, so you can easily monitor the progress of your payments. You can also send automated payment reminders to students with overdue payments.
This process ensures smooth and efficient payments between you, the students, and the schools. Qualy automates the complex process, freeing you up to focus on what you do best: helping students succeed in their international education journey.
You can include tuition fees, enrollment fees, and any other applicable fees in a net payment to the school.
Qualy automatically deducts your commission from the total payment and sends the remaining amount (net payment) to the school.
If you don't specify a commission, Qualy will send the full payment amount to the school. You will receive no commission.
No, once a net payment is sent, you cannot change the amount.
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