Child Pay is an optional easy to setup payment function for your nursery or group to begin accepting debit and credit cards payments. This service is provided through our partnership with Stripe, a leading PSP (Payment Service Provider).
What is Stripe?
Stripe is a global online payment processor that is trusted by thousands of businesses across the world, including Google, Amazon, Spotify, Xero, and Uber, and enables your nursery to accept credit and debit card payments online directly into your bank account from your INM system. This highly secure payment gateway automatically processes your card transactions – protecting both you and your parents.
International charities such as UNICEF, Oxfam, DEC (Disasters Emergency Fund) British Heart Foundation and Comic Relief have also chosen Stripe to process their online donations and payments.
Is Child Pay easy to set up?
Setting up Child Pay and registering for Stripe is quick, and easy and only takes a few minutes to integrate into your INM system and INM Parent Portal. Similar to all other payment processors, Stripe will require some basic information about your organisation as well as your banking details.
Is Stripe Safe?
Yes. Stripe exceeds industry security standards and is trusted by thousands of businesses of all sizes across the world.
- All transactions are SSL (Secure Socket Layer) protected. Your information and your bill payer’s information are securely transmitted during the processing of all payments.
- Stripe is a PCI Service Provider Level 1 which is the highest grade of payment processing security. You can rest assured that your bill payer’s information is safe and secure.
All credit and debit card numbers are encrypted ensuring both the security and integrity of your bill payer’s information.
What do my parents see?
When Child Pay is active and enabled, your parents will see a Pay button against the invoice displayed on their Parent Portal account section and a Pay Now button on the invoice itself.
Clicking either of these options will ask the bill payer to enter their credit or debit card information to make the payment. If the payment is successful, Stripe passes back the invoice information back to your INM to automatically pay or part pay the invoice on the bill payer’s account saving you numerous hours of bank statement reconciliation.
How much does Stripe cost?
The registration of Child Pay and Stripe is totally free with no monthly or hidden charges. All you pay for is a transaction fee when an invoice is paid. This fee is currently 1.9% which includes Stripes current fee and an invoice processing fee.