Flywire is an easy to use option for international wire transfers / payments
Rating: 8 out of 10
IncentivizedUse Cases and Deployment Scope
At the educational institution in which I work, students (in particular, international students) use our wiring payment option (Flywire) to make payment for the tuition of their classes. So far the use of this payment option has been smooth; however, there seems to be a delay in the data that gets reported to us (a few days, maybe) after a wire transfer has been made. So, if a student has an upcoming payment deadline to pay for classes, that student sometimes is notified by our school that he/she still hasn't paid in a timely manner and may get dropped from their classes due to non-payment, but the student may insist that payment was in fact made. Also, if an amount is paid for that is larger than the outstanding balance, the overpaid amount gets wired back to the source from which it came; however, sometimes the student has that done intentionally in order to have some monetary credit in their account balance with our school.
Pros
- It accepts a wire transfer from virtually all nations outside the U.S.
- The customer service support is helpful.
- Once payment information in our system is updated, it allows for payment for classes from overseas to run smoothly.
Cons
- Delay time could be shortened between the actual time of payment and the confirmation of payment.
- It could allow for the payer to pay more than the outstanding balance without rejecting additional amounts of money.
- Refund information by way of Flywire is a little vague.
Likelihood to Recommend
Many of our international students studying at our institution are financially supported by their parents in their homeland. In other words, they rely on their families for payment of their class fees. So, Flywire makes international payments convenient by making payment by visiting our college website and finding the Flywire payment option. Some prefer this method over credit card payments or by wiring money to the student's bank account in the U.S., which creates a whole additional step in making payments.
DC
David Chang
International Student Program Specialist at Irvine Valley College (51-200 employees)
Vetted Review
2 years of experience