PayPal integrated its services with three major education payment platforms: Illumia, Nelnet Campus Commerce, and TouchNet.
Students and families can now use PayPal and Venmo to pay for tuition and education-related fees on these platforms for the first time.
The expansion targets consistent payment volumes within the higher education market.
This move follows previous PayPal agreements with collegiate conferences to increase campus presence.
Separately, BlackRock Inc. acquired a new stake of over 74 million PayPal shares during the second quarter.