PMT KB Article 1 - 002 - How Does PayMyTuition Benefit me?

Paying tuition payments through PayMyTuition can save you up to 7% compared to exchange rates offered by banks. 

Paymytuition offers students wholesale currency exchange rates that are significantly better than most banks.  Currency exchange rates change minute by minute and as an international student, it can be difficult to keep track of the latest rates and trends. We offer a Rate Guarantee to ensure that you’re getting the best possible exchange rate regardless of when you send your tuition payment.

We often hear from students and payers who look at mid-market rates on Yahoo, XE.com and Reuters, to find out what the real-time rates are.  The quotes provided by these sites are “inter-bank” tradeable rates for currency transactions between banks and are not available to the public.

Maintaining our Rate Guarantee, we urge students to compare our rates to those of banks and other industry competitors. We want to ensure that you get the lowest possible price on your international tuition payments.