Four Ways For Microschools to Collect Payments

Imagine that you just started a new school. There are no teachers involved, only the founder (you) and the parents, who want to be as involved in their child’s learning as possible. How would you collect microschool payments from parents?

1. Parents Pay Themselves

I’ve seen this done before. The parent will set up their own online account to pay for whatever they need, including any fees from the school. This may involve a certain amount of trust, as parents would have to enter their bank account and routing numbers online.

To use this method, you’ll need software that will automate the collection of payments from parents’ accounts using email or text alerts. You can also build your own payment site for them to use if you have the skills. The problem with this method is that not all parents have online banking capabilities or access to a computer, which can make their participation difficult or impossible.

2. Parents Pay You

This is the more traditional method. Just tell parents what you need to run the school, and they pay you the microschool payments directly. This may be more convenient for them overall, especially if there are several different children in one household being homeschooled under this arrangement. The problem is that you’ll need to build a system of invoices and receipts for them, and that can be cumbersome.

3. Payroll Service

You can use an online service that specializes in collecting and splitting microschool payments for you. They will collect the money from parents, then give it to you as a payment either directly or through another service such as Venmo, PayPal, or Dwolla. This way, you don’t have to handle any money at all, which is better for the school owner’s sake. The downside is that a company like this will take a percentage of your earnings as a fee for their services.

4. Freelancing Websites Manage Payments & Classes

The third option would be to use an online freelancing website like Upwork or Fiverr to manage both payments and classes. Users can set a price per hour, and once it’s been accepted both sides will be notified.

This method would keep track of hours worked fairly easily, since the site keeps everything organized for you. Parents benefit from this because they can probably squeeze in more classes than if they were to do it themselves. But again, you’ll need to pay a fee to the website for every transaction, which can add up.

A better option is to use a school payment management system online for microschools. Save time and money by simply setting up a new account. You’ll get:

– A free trial with no credit card required to try it out

– Personalized support team that includes people who understand the microschool environment

– Customization options you can work with to set things up just right for your school

– The ability to help parents save time since they can make payments online with a credit card or debit card

There’s no reason why you should choose one method over another; it really comes down to what will work best for both your school and parents. After all, this is the key to building a lasting relationship with your students and their families.