WUBS now have commonly known as Convera. It was formerly known as Western Union Business Solutions. It is the largest non-bank B2B Cross-border payments company in the world.
They offer better money moves to their customers, enabling them to generate greater advantages with every transaction, by using their decades of industry experience and technology-led payment solutions.
More than 30,000 clients use Convera’s services, including small company owners, corporate treasurers, educational institutions, financial institutions, legal firms, and NGOs.
Convera is a trustworthy, reputable worldwide platform for making tuition payments.
With over 140 different currencies offered, you may pay for your education in the region of your choice.
One can use a variety of payment options like wires, credit cards, e-wallets, bank transfers, incl. Alipay, and other payment methods like Trustly and Sofort.
Let’s discuss it more clearly like:
- What methods of payment are available from India?
- Is it possible to make a payment at a Convera Agent location?
- What per cent of TCS is applied to payments for education?
- Is there a tax credit available?
- How does it work?
- Benefits of using Convera?
- How to get assistance for generating instructions and making the payment through WUBS?
- What methods of payment are available from India?
When transferring money with GlobalPay for Students, students from India have several safe choices. Payments may be made in person at a subscribing Convera Agent location or electronically using a bank account, such as ICICI or the majority of the country’s major banks. In fewer than five days, these payments are settled. You may check the progress of your money here after sending it.
- Is it possible to make a payment at a Convera Agent location?
Yes. You can initiate a transfer on GlobalPay for Students and finalise the transaction at a Convera Agent location in India when transferring money from India to institutions all around the world. You must choose your institution, fill out your information, and choose “Convera Agent Location” from the list of payment options to complete payment. You will find payment instructions to finalise the purchase at a Convera Agent location on the final page of the process. You may check the progress of your payment here after submitting it.
- What per cent of TCS is applied to payments for education?
- Any overseas money transfers made through LRS that total more than INR 700,000 in a fiscal year, including payments for education without loans, are subject to a 5% TCS.
- If a loan is taken from a financial institution for educational purposes, a 0.5% TCS is applied.
- Is there a tax credit available?
Yes, subject to relevant income tax regulations, TCS paid can be offset against tax due when submitting income tax returns (ITR) in India. The Pan cardholder’s Form 26AS will show a reflection of the TCS remittance received from the bank.
- How does it work?
Depending on the payment method you choose, the payment procedure differs.
If the institution you’re trying to pay is not already which was before for you, you will first be prompted to identify it while accessing the GlobalPay for Students website.
The nation from which you are making the payment and the kind of payments you are paying will then be asked for.
After that, the total amount due and your payment choices will be shown.
Your student ID, name, address, and other details about the person making the payment must be provided.
You will then be instructed to finish your payment using the source you choose.
- Benefits of using Convera?
Convera lets you pay for your tuition using GlobalPay for Students with the confidence that your money will receive on schedule and in full, free of any additional fees or bank fees. Your institution receives the entire amount you pay in your currency.
The following are some advantages of utilising GlobalPay for Students:
Enjoy a variety of payment methods and pay in the currency of your choosing.
No getting bank fees or secret charges. Anybody may pay for you and you can pay from any place.
Your payments are transferred immediately and in full to your institution.
Online payment status tracking is available.
- How to get assistance for generating instructions and making the payment through WUBS?
IBRLIVE INDIA PVT LTD is one of the most trusted organisations in Panipat, Haryana which helps students generate payment instructions and make the final payment on a low exchange margin. You can simply visit the website https://ibrlive.com/contact and call them directly for assistance.