Enjoy the Convenience of Online Payments for Tuition, Annual Giving, Application Fees, Summer Camp, and More

If your school already has online transactions in place...
Diamond Mind can offer the lowest rates available to independent schools through their membership in NBOA and other associations.

If your school would like to implement online transactions...
Diamond Mind can help you work through the alternatives and select the best approach for your school. Three essential elements are required:

1. Establishing Your Online Merchant Account – Diamond Mind can underwrite and provide your merchant account to accept online payments. Through your affiliation with school associations, you will benefit from group rates, which can go as low as 1.07%, depending upon the card type used.

2. Setting Up Your Payment Gateway – We work with five of the seven largest processors in the country – giving your school the ability to choose virtually any technology solution to meet your current and future needs.

For the security of your parents, we can help you choose a PCI Compliant payment gateway. Gateways vary in cost, complexity, and features. Some of the considerations we will help you assess include:

• The sophistication of the web-based payment application your school needs
• Integration with other payment gateways already in use on your campus
• Ease of payment reconciliation
• Need for both ACH and credit card processing in one system
• Integration with G/L or Accounting systems
• The talent and expertise of the web developer

3. Working With Your Web Developer – Schools can work with either their in-house web developer or an outside firm to handle the design, development, and implementation of the HTML form and its interface with the gateway. The choice of the gateway and the requirements of the form will drive the depth of the web developer expertise needed.