The system allows international payments to be made via local banking networks where transfers can be made in the sender’s own currency while receiving a preferential exchange rate. As payments are made locally to ICOT College, wire and receiver fees usually imposed by banks are eliminated.
Payments are processed in 48 hours and after the school receives the payment the enrolment process begins.
At ICOT College we know that our international students often get caught out by annoying transfer fees when paying their tuition and accommodation payments. We don’t think that’s fair, so we’ve teamed up with our buddies at TransferMate to help you pay your tuition fees without wasting precious funds on additional charges…
What are the benefits?
- A Safer payment process
- No international sender/receiver fees
- Great exchange rates
- 24-hour customer service from PaytoStudy
- 24-hour online tracking of payments
- Bulk payment options
PaytoStudy lets you make international payments for free, without paying international banking charges, while receiving competitive foreign exchange rates.
STEP 1: Visit TransferMate website and complete the brief registration form. Click ‘YES’ you are ready to pay today and then select ‘Process Transaction’.
STEP 2. Transfer the funds to the advised bank account / or enter your credit card details.
STEP 3. For bank transfer only: Email email@example.com with receipt of payment, a copy of your student passport, and your offer letter from ICOT College. You can simply take a picture of these documents using your smartphone
STEP 4. Once TransferMate receives your funds and required documents, they will transfer the funds to us and email you confirmation of payment. Sorted!