💸 How to Collect Outstanding Commissions from Education Providers with Edvisor

For agencies where students pay institutions directly, Edvisor Payments allows you to collect commissions without losing money on currency exchange or international bank fees.

If you sell higher education programs where students pay directly to the institution, you can use Edvisor Payments to collect your pending commissions—without losing money on currency exchange or international bank fees.

This feature is especially useful for agencies that, due to tax or operational reasons, prefer that students pay institutions directly.

Where to Find It

https://wallet.edvisor.io/commission-request/all/list

Go to the “Commissions” section in Edvisor Payments, start a new transaction, and select:

Commission → Receive funds from providers

Step 1: Enter the Commission Details

You’ll first be asked to complete:

• Currency account - where you’d like to receive the commission
• Amount
• Invoice number (if applicable)
• Institution name

Step 2: Who Will Enter the Provider’s Details?

You can choose between:

• Letting the institution fill out their own details
• Filling them out yourself

Next, make sure you have ready the following mandatory information of the Provider:

• Provider name
• Country
• City
• Postal code
• Phone number
• Address

 

Step 3: Share the Payment Link

Once the information is complete, a unique payment link will be generated.

You can share this link with the provider. It will display:

• The local bank account details for the institution to make a domestic payment in their own currency (e.g. CAD to CAD)
• All the commission details they need to process the transfer

Step 4: The Provider Makes the Payment

Once the institution receives the payment link, they will:

1. See all the payment details, including the local bank account in their currency
2. Make the transfer domestically (e.g. CAD to CAD)
3. Upload the proof of payment directly through the link

This allows you to track the payment status and confirm once the funds are on the way.

 

🌍 Why This Matters:  Benefits for Both Sides

For Education Providers:

• No international wire transfer needed
  
• Pay in their local currency, into a local bank account
• Lower transaction costs and simpler finance processes
  
  

For Agencies:

• Receive your full commission amount in the provider’s currency
• Avoid FX conversion losses
  
• Funds can be:
  
  • Withdrawn in your local currency (e.g. COP, MXN, BRL)

• • Or used to pay other providers in the same currency—at no additional cost
    
    

💡 By using this method, agencies typically save between 4% and 6% compared to traditional commission collection processes.