School Payment Guarantee
Payliance offers a check guarantee solution that can easily interface with a school’s trusted software provider — or a simple guarantee solution schools that may not have an integrated software package. Characteristics of our solution include a check guarantee with few requirements and no verification that makes it simple to qualify items. Guaranteed funds settle directly into the school account. Schools enjoy freedom from recovering checks, continuous cash flow and the elimination of check losses without alienating parents or embarrassing students. Checks can be accepted at the school, or online utilizing their Horizon software.
How it works:
- Schools accept a paper checks as payment
- All checks under $2,500 that have the check writer’s name, phone number and address will be guaranteed
- All schools experience expedited funds and notice of returns
- Funds settle directly into the schools’ account
Benefits:
- Guarantees the face value of all checks unconditionally at no cost to the district
- Covers all district checks, including: food and nutrition, band fees, bus fees, athletic fees, after schools programs and more
- Utilizes secure Web-based access for information and reporting
- Reduces labor cost associated with time spent on recovery
- Parent-friendly recovery process
- More economical than credit or debit card acceptance