MySchool has partnered with Stripe online payment provider. Using the Stripe platform. Our schools with the tuition management module activated on their platforms can offer online credit card, bank transfer, and Google Pay solutions amongst others. These can be applied to your invoicing and admissions workflows.
Your users can set up direct debit mandates to pay tuition fees and invoices directly using SEPA, ACH and PAD payment methods.
Schools can chargeback fees to their invoice payers, please note this is constrained by national laws, and may not be possible in certain countries.
Our online payment service allows for flexibility and total management of your school's finances. The online payment feature enhances the original offer in our finance package.
What do we need to do?
You will need to set up a Stripe account for your school. This can be done directly from your finance configuration page, or if you already have a Stripe account, you will need to validate the payment methods accepted on your Stripe Connect platform.
For existing Stripe users
Create a new payment type for Stripe. When processing this new account, Stripe will create a new account within your original account.
You can leave your existing Stripe Payment method active.
After you follow the steps listed below, but with your existing Stripe account credentials.
New users and login steps
Clicking on Configure Stripe will take you onto the Stripe platform and you can set up your account directly from MySchool.
After pressing Configure Stripe, you are no longer on MySchool. All functionality and details are Stripe. If you have any issues with signing on or validating your account, please contact Stripe for assistance.
Step 1: Validate your identity
You will have to validate your identity both for existing and new users to Stripe. You will need to authenticate your account using Google authenticator.
Once the account has been validated, you have to provide Stripe with some information.
Step 2: Verify the institute and personal details
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Stripe requires details on your institute and the type of business. |
They will require the account owner and details for your institute. All of the above fields are mandatory and must be completed before the configuration is confirmed. |
Step 3: Provide details on your institute and public-facing information
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Fill out your institute details. |
Determine what should appear on your user's statements. The customer support number is mandatory. |
Step 4: Determine if you wish to add a donation and determine where VAT is to be applied
Step 5: Review and submit
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Review your details, if you see any pick notes saying the information is required, you need to complete this before submitting. After, Stripe will process your request, and may require further documentation depending on your geographic location. We are unable to help with this step and advise you to liaise with Stripe to confirm timelines and requirements. You will not be able to activate the mandates until Stripe has validated your request. The below details will be set FALSE until this validation step is reached.
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Once everything is validated, you can now start to configure your mandates and fees.
You control which payment methods are allowed within your Stripe connect account. Please reach out to Stripe for more information on these settings.
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