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  1. Business Directory
  2. MA
  3. Boston
  4. Functions Related To Deposit Banking
  5. Electronic Funds Transfer Network, Including Switching
  6. Flywire Corporation

Flywire Corporation

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141 TREMONT ST FL 10 BOSTON, MA 02111 Get Directions

(617) 329-4524

www.peertransfer.com

christian@peertransfer.com

Business Info

  • Founded 2014
  • Incorporated DE
  • Annual Revenue $9,995,764.00
  • Employee Count 17
  • Industries Electronic Funds Transfer Network, Including Switching
  • Contacts Mike Massaro

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Company Summary


peerTransfer was founded to address the specific tuition payment processing needs of the growing international student population in the United States. In addition, to help facilitate the payment process for the student as well as the reconciliation process for the schools, peerTransfer has developed a secure and efficient solution for international student payments (e.g., tuition, fees and admission deposits) that saves each entity a significant amount of time and money.

Paying for college is expensive - particularly for international students unable to receive financial aid or access alternative financing and loans. With US colleges only accepting tuition payments in US dollars, international students are forced to either pay via wire transfer from their home country and incur fees and unfavorable retail exchange rates, or pay by credit card and suffer fees from their credit card provider. And, unfortunately, the problem does not end with the students. Many educational institutions experience issues processing and reconciling incoming payments from these students. Wires need to be manually reconciled and sometimes do not include the relevant information or are not the expected amount, due to fluctuating exchange rates and fees. Finally, the school’s banking information is often disclosed on their website to several third parties, potentially leaving the school open to fraud.

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