eRefunds
Student disbursements and campus refunds are easy, safe, and reliable with TouchNet, offering a full range of refund solution options.
Meet Student Expectations
Most individuals expect to receive their refund or reimbursement as quickly as possible. Bill+Payment offers a wide range of refund solutions and disbursement options, allowing colleges and universities to provide payers a choice. Institutions can select which options to enable that best meet expectations for fast refunds, while balancing cost, security, and operational requirements.
Refund Options
- Direct Deposit: Refunds are processed and delivered via direct deposit (ACH) to the student’s bank account, allowing schools to refund students in one to two business days
- Digital Check: With a digital check, recipients are emailed a digital copy of the check. Once received they can choose to print it to take it to their bank to deposit or use their bank’s app to deposit
- Paper Checks: Students typically receive paper check refunds in three to five business days. Delivery can take up to 30 days in some instances
- Credit Card Refunds: Schools with an eRefunds license can refund a student’s credit card payment back to the credit card on file. Refunds can be processed through PayPath for schools offering this solution
Benefits
- Convenient—Students can conveniently select from multiple refund methods, allowing institutions to meet student expectations for refund options and timing
- Secure—Integration with your SIS and our multi-factor authentication ensures that cardholder data is safe
- Compliant—Multiple disbursement methods means you are in compliance with Title IV requirements
- Instant Communication—Students and authorized users receive automated notifications of refund status
Resources
Refunds
Solution sheet
PIMA Community College
Video testimony
Refunds
Solution showcase
Refund options to meet student and staff needs
On-demand webinar
Ready to get started on your journey?
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