WCT Optimizes Tuition Escrow and Refund in the Education and Training Industry
The issues of "prepaid scams" and "difficult refunds" in the education and training industry are pain points for consumers. WCT implements a tuition escrow function, where students pay tuition using WCT, and funds are gradually released to the institution according to the course progress. Refunds are automatically calculated and returned based on the proportion of classes attended. After applying WCT, a certain education and training institution saw a 30% increase in student enrollment, an 85% reduction in refund disputes, a 60% increase in institutional credibility, and a more standardized industry development.