About 3 in 10 Americans make zero cash purchases each week. The wallets of those who do carry cash usually contain less than $50. Parents are no exception. Paying fees in cash may delay payments and waste everyone’s time. Yet, many schools continue to accept checks and other forms of payment, despite security risks associated with these payment methods. Seventy-one percent of companies that accept checks have experienced fraud or attempted fraud, and returned checks are a common challenge. Some schools have no option for online payments, delaying payments and potentially affecting enrollment. Switching to digital payments can swiftly lower costs, improve the parents’ experience when paying school activity fees, and reduce or eliminate the costs of check processing.
