How it works for

Schools partner with peerTransfer

School-peertransfer-students
  • It’s free
  • Simplify processing international payments
  • There is no IT implementation required
  • Save money and improve the payment process for international students

International students start transactions through our secure site

Student-peertransfer-id
  • Essential information is collected to facilitate the reconciliation process
    • Student ID
    • Student Name
    • Anything you need to improve processing speed and accuracy
  • Sensitive data is protected

Students pay peerTransfer via their bank, typically in their home currency

Student-peertransfer-money
  • peerTransfer offers discounted rates to students by collecting funds in home currencies, then bundling purchases to exchange into US Dollars
    • Students save around $1,000 on a $40,000 tuition payment compared to their bank rates
  • peerTransfer accepts payments from any country
  • Students are guided through the transfer process by our team

A daily bundled payment is sent to the school's existing bank in US dollars

Peertransfer-school-money
  • School banking account information is never disclosed, reducing fraud
  • Eliminate payments made with incorrect or incomplete account data
  • Bundled payment reduces incoming wire fees charged by banks
  • Works with school’s existing bank accounts

Essential payment information is provided to the school to streamline reconciliation

Peertransfer-school-files
  • Eliminate unidentified, missing or short balance international payments
  • Payments are automatically reconciled with direct posting to existing systems
  • Monitor transactions in real-time using peerTransfer’s Education Portal

Global 24x7 support is available for schools, students and parents

Student-peertransfer-call
  • peerTransfer guides students and families through the payment process
  • peerTransfer provides a dedicated team to help schools
  • Help is available in many languages, through many contact methods
    • Phone
    • Email
    • Online Help
    • Online Chat
    • Skype
“peerTransfer is reliable and helpful.”
Coumba, Suffolk University student from Senegal