Education

The StudyPay services provide a unique service across the education sector, from boarding schools and universities, to the students and educators.

Who uses the StudyPay services?

  • Students

    Students paying international education fees and education related payments, such as accommodation and living expenses.

  • Parents

    Parents paying school/university or language school fees.

  • Schools and Universities

    Schools and Universities using StudyPay as an invoicing tool to collect overseas student fees. These educators can also use StudyPay to make their own payments with preferential rates and transaction costs.

  • Agents

    Student agencies use StudyPay for paying tuition fees on behalf of their parents, or they can point their parents to our StudyPay invoicing portal to pay their children’s academic fees directly.

What to expect from StudyPay?

  • Educators

    Educators: Boarding schools, language schools and universities have unique and specific issues and problems surrounding invoicing, receiving the expected and full settlement of fees and identifying these fees coming from their international students. StudyPay will work with our partnered Educators to speed up their invoicing process; eliminate the international bank deductions from the fees they receive; and simplify their reconciliation process when the course fees are delivered.

  • Agencies

    Agencies: Whether you are a Language School agency that collects the course fees before forwarding these fees to the language school, or you are a Student Agency that encourages students and parents to pay their fees directly, StudyPay has a solution to save money on the transaction fees and the foreign exchange rate, whilst simplifying and speeding up the whole payment process.

  • Students

    Students: If you are a student that needs to make a foreign exchange payment to pay for your course fees or your accommodation, StudyPay can help by offering a simple solution that saves you money on the transaction fees and the foreign exchange rate. StudyPay achieves these savings by managing a network of local bank accounts throughout the world that enables the payer to settle a fee in their own local currency.

  • Providers

    Service providers: StudyPay is an international payments and foreign exchange company aimed at the specific payments needs in the education marketplace. However, there are also many companies that support and are service providers to this global industry that can benefit hugely from using StudyPay when making an international payment or invoicing an overseas client.

How can you use StudyPay services?

  • Spot Contracts

    If you need to buy or sell currency immediately we offer a Spot Contract, this would be ideal for paying school or university fees for example. This is the most commonly used contract type, which typically settles on the same day or within two to three working days. To place a Spot Contract, simply call your Currency Dealer or log on to your Baydonhill Online account to make the transaction. We offer 123 different currencies, a wider choice than most major banks and other financial institutions. Currencies include majors such as Sterling, US Dollar, Euros; Minors including Hong Kong Dollar, Nigerian Nira, South African Rand and exotic currencies such as Mexican peso, Chinese Yuan and Brazillian Real.
  • Forward Contracts

    This is a currency contract, which can help protect you from market ‘price’ volatility. This allows you to buy or sell a currency in advance, at an agreed price for a future date. This gives you the security of a guaranteed rate of exchange, without tying up valuable financial resources.

    For more information on Forward Contracts see our FAQ’s
  • The StudyPay Online Payment Platforms

    We have three different online payment systems for our different types of clients, ranging from Universities and boarding schools, to educators and students.

    StudyPay Client Module
    This system is used by students, parents and individuals wanting to manage their international payments online. Once their account has been opened the user can use the gateway to make payments for related costs such as accommodation or living expenses.

    StudyPay Invoicing Module
    This is a simple payments gateway, users can instruct their clients to pay through the system without opening an account Users can pay into a local account in their own country, the school/beneficiary receives the full amount without any deductions.

    BHOnline
    BHOnline is your online payments system, allowing you to quickly place spot orders, book forward contracts, edit and add beneficiaries. There is also a powerful reporting tool, which allows you to analyse all of your payments and manage your funds on account. You can set rate alerts, which will tell you when a particular rate of exchange has been reached and you have all the latest market information at your fingertips.
  • Holding Accounts

    In addition to foreign exchange and payments services, we offer the use of dedicated foreign currency holding accounts, totally free of charge. Segregated holding accounts allow you to receive and hold foreign until you are ready to take advantage of favourable market levels or keep funds on account for future needs.
  • Market Information

    Baydonhill offers a daily market bulletin that is aimed at providing you with relevant, timely and informative market analysis to assist you in making the right currency decisions. A weekly summary of past and upcoming market events is also provided for those interested in planning ahead. Your Corporate Dealer will also keep you updated with daily market information and movements, should you require this.
  • Rate Alerts

    When the rate of exchange impacts the profitability of your business, you need the assistance of a specialist who is adept at managing foreign exchange risks. With a volatile market and the possibility of 30,000 price changes a day, you need a provider that stays on top of the market. Your Currency Dealer can set up a system of alerts to monitor for specific exchange rates and tailor a risk profile to suit your individual needs. These alerts can be sent by email, text message or simply a call from your Currency Dealer; or you can manage them through our online service – Baydonhill Online.
  • Market Orders

    Global currency markets are open almost 24 hours a day and in order to capitalise on this highly versatile market, market orders provide an effective tool.

    A market order is an instruction to Baydonhill that allows you to specify an amount of currency and a desired exchange rate at which you would like that currency to be purchased. Baydonhill will purchase the currency automatically once your desired exchange rate has been reached and provide notification of your purchase. Market orders remain active outside of normal local trading hours, giving you the ability to capitalise on currency movements in US and Asian markets.

    The minimum amount for market orders is £50,000 per order.

Featured Team Member

widget-team-member

Danny Carolan May
Head Of StudyPay Dealing
T: +44 (0)20 7594 0505
E: Danny.may@baydonhill.com

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  • Euro (EUR)
  • US Dollar (USD)
  • Great British Pound (GBP)
  • UAE Dirham (AED)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Danish Krone (DKK)
  • Israeli Shekel (ILS)
  • Japanese Yen (JPY)
  • South Korean Won (KRW)
  • Mexican Peso (MXN)
  • Norwegian Krone (NOK)
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