The 2020 pandemic necessitated a shift away from cash for many consumers across the economy, and according to the Federal Reserve, it continues. Credit and debit card usage continues to increase, making up nearly two-thirds of payments, according to the Atlanta Federal Reserve Bank. Additionally, online purchases have nearly tripled as a share of total retail sales worldwide in the past decade. With this digital transition happening across the economy, it’s no wonder that digital payments are quickly becoming expected and preferred by K-12 families.
Digital K-12 fee payments can make life easier for busy families
Thanks to advances in technology and the availability of mobile apps for purchasing everything from groceries to vehicles, we have endless options to perform daily tasks without leaving the comfort of our homes. This convenience also comes with easier ways to track spending and maximizing time in ways never thought possible.
The same rings true for managing student-related finances. Families gain convenience and more control when managing school fees with a digital solution. However, our K-12 Payments Survey Report notes that parents value simplicity when it comes to digital school fee payments. 87% responded that ease of use is “important” or “very important.”
Choose the simplest solution for school fees and payments
A single solution, like LINQ Connect, simplifies making payments, tracking spending, and receiving important updates and alerts. Use the system’s intuitive mobile app to pay for school pictures, manage meal accounts, settle library fees, and stay on top of all school business.
LINQ Connect:
- Eliminates Cash Worries:
Carrying cash can be risky, especially when it’s relying on a school aged child who may misplace it or become a target for theft. Digital payments eliminate the need for physical currency, ensuring your child’s money is secure and accessible with a few clicks. - Provides Safe and Secure Transactions:
Most schools, both private and public, offer online payment portals with robust security measures. These portals use encryption to protect your financial information, ensuring that your payments are safe from cyber criminals. - Tracks Every Purchase:
Digital payments provide a convenient way to track expenses. With robust reporting, you can easily review payment history and detailed receipts. This allows you to plan your budget and teach your kids about the value of a dollar. - Allows You to Set and Forget:
Set up scheduled payments or automatic transactions for expenses like equipment rentals, lunch fees and extracurricular activities. This automation ensures that you never miss a payment and maintains a consistent financial routine. - Reminds You When Funds are Needed:
When you make a payment, you’ll receive an instant notification that a payment has been processed. This transparency allows you to stay on top of your financial obligations, helping you avoid late fees or other financial hiccups. It also gives you a record of that activity you can reference when needed. - Is an Eco-Friendly Option:
Online payments are also environmentally friendly. By reducing the need for paper checks and physical receipts, you’re helping to conserve paper resources.
As the world continues to lean more towards using cards and other forms of digital payments, embracing these options for daily tasks is not only convenient, but also secure. Consider the benefits outlined above and determine the payment solution that works best for you and your family.