Learn how Laxmii Forex flywire can process your flywire payments seamlessly and cost-effective.
We live in a network society governed by deep-rooted globalisation. International payments and global transactions have become so common that people are looking for a seamless and convenient way of transferring money internationally.
What if there was a cost-effective, secure and simple way of doing so? And there is!
That’s where flywire payments come in. It is a payment solution mostly used by students to transfer money internationally. However, directly paying through flywire makes it prove cost-heavy for Indian international students given the fluctuating currency exchange rates. With the right forex service provider, this can be tackled.
Enter Laxmii Forex, your trusted ally for making the flywire payments for you. We provide an economical payment medium to tame the fluctuating currency rates and complex processes to ensure timely and secure flywire payments.
This blog will discuss what flywire payment is and the role of Laxmii Forex in enabling smooth international money transfers.
What is a Flywire Payment?
The flywire payment is a payment solution preferred by most universities across the globe to pay university fees. This payment medium is often used by international students to streamline international transactions.
Although flywire gives an option to play in the local currency, it’s more compliant and easier to pay in the destination currency. And doing so may result in fluctuating currency exchange rates. At Laxmii Forex, we provide international students with the lowest possible exchange rates and make their flywire payments on their behalf within one business day.
All you have to do is enable and choose us to do so.
Why is Your University Asking You to Pay Through Flywire?
Most universities have a high number of international students. They require a reliable, secure, transparent, fast and simple payment solution to handle the tuition for university fees payment. Flywire is trusted by most universities across the globe, for its ease of use, cost-effectiveness, efficiency, and transparency to streamline international transactions.
The reliability aspect of flywire is embedded in its history. It was founded by an international student named Iker Maraide from Spain at MIT in 2009. Having faced the challenges of cross-border payments, including no transparency, time-consuming process, and costly payments, Marcaide decided to create Flywire to make international payments affordable and simple for students.
Initially, Flywire was launched for students, now it has expanded across sectors because of its reliability, trustworthiness, and key benefits. Here’s why universities prefer flywire payments:
- Economical for Students: Unlike traditional bank transfers, flywire offers lower exchanges, eliminating unnecessary bank charges, making it an affordable option.
- Streamlined Process: With flywire students make direct payment using local payment methods which is then converted into the desired currency at the recipient’s end.
Transparency: Flywire payments are transparent, allowing live payment tracking for both parties, which reduces delay risks, errors, and miscommunication. - Currency Flexibility: Flywire payments are accepted across 240 countries, enabling students to pay in local currency, making it convenient for international students to pay tuition fees.
- Fast and Secure: Flywire payments are secure and fast. The transaction is encrypted to protect sensitive financial information, and they are faster than traditional bank payments.
- Compliant: Flywire payments are compliant to international banking regulations, reducing the risk of compliance-related rejections. It also reduces the administrative burden on the university with an automated payment reconciliation process.
The Laxmii Forex’s Role in Paying University Fees Through Flywire From India?
With Laxmii Forex by your side, you can make your university payments on time by simply enabling us. Here are the steps involved in ensuring seamless flywire payments using Laxmii Forex:
Before you loop us in, you primarily need an invoice for the payment to me made. This can be achieved by generating invoices on flywire portal. Here’s how you do it:
- Step 1: Visit the flywire payment portal or website
- Step 2: Click on pay now option
- Step 3: Now select your university
- Step 4: Pay your student account bill
- Step 5: Initiate the payment
- Step 6: Input the required amount
- Step 7: Now generate the invoice in the currency of the destination (not in INR)
Once the payment invoice is generated, you can tap in Laxmii Forex, with the following steps:
- Step 1: Fill the form
- Step 2: Get a quote from us
- Step 3: Send us the required details and documents
- Step 4: Transfer your money cost-effectively using the best exchange rates
Laxmii Forex also offers free consultation regarding flywire payment invoice generation, TCS, and forex guidelines.
How to Check Flywire Payment Status?
You can easily check flywire’s payment status in the following simple steps:
- Log into your flywire account
- Navigate to the recent payments and locate the payment you wish to track from the dashboard
- Check the status of the payment, as flywire gives live updates, you would be able to see the status as pending, in progress or completed.
- You can also check your email, as flywire sends notifications for the payment’s status
How to Generate a Flywire Invoice for University Payments?
Here’s how you can generate flywire invoice for university payments:
- Log into your flywire account
- Go to payment history sections
- Select the payment for which you seek an invoice
- You will have options to either generate or download invoice here
Pro Tip: Generate Invoice in USD
Ensure you generate the invoice is USD, as universities prefer invoices in their local currency. It is also easier to validate your payment and avoid any confusion related to exchange rates and currency conversions.
Why Choose Laxmii Forex for International Payments?
Laxmii Forex has over 20 years of expertise as a foreign exchange partner. Being a veteran in this industry, we are the ideal choice as your next international payment service provider.
Here’s why you should choose us:
- We offer the best and lowest possible currency exchange rates
- We have expertise in various foreign exchange services including international money transfer, student forex cards, travel insurance, forex cards, etc.
- Our RBI authorised AD II licence makes us reliable
- Our international payment processes are simple, secure, quick, and efficient
- Our skilled customer support team ready to solve your concern
- We offer lower fees compared to traditional banks
Conclusion:
Flywire is a user-friendly payment solution ensuring fast, secure, and transparent money transfers across nations. It has streamlined the process of university fees payment into a simple process, making it the go-to choice for international students. But, flywire is not just limited to students. With Laxmii Forex, discover how seamless and hassle-free your international money transfers can be.
