PayPal and Venmo accepted for tuition via three campus payment platforms
PayPal (NASDAQ: PYPL) announced integrations with Illumia, Nelnet Campus Commerce, and TouchNet that allow students and families to pay tuition and fees using PayPal or Venmo through their schools' existing payment portals.
The integrations are live at several institutions, including Bellarmine University, Butler University, Kansas State University, Michigan State University, and Texas Tech University, with additional schools expected to join throughout the year. Illumia, Nelnet Campus Commerce, and TouchNet collectively serve thousands of colleges and universities across the country.
Illumia is a business unit of Roper Technologies (NASDAQ: ROP). TouchNet is a Global Payments company.
Students and families can fund tuition payments using bank accounts, credit cards, or PayPal and Venmo balances. The payments include encryption and fraud monitoring.
"Tuition is one of the biggest payments a family will make, and it should come with the same flexibility and security that millions of people already count on PayPal and Venmo for every day," said Frank Keller, President of Checkout Solutions at PayPal.
The announcement comes one year after PayPal and Venmo reached agreements with the Big Ten and Big 12 Conferences, which included enabling institutional revenue-share payments for student athletes through its platform.
