New Currency Allows More Convenience, Fewer Fees for International Students & Their Families

St. Louis, MO, April 25, 2013 – Varsity Tutors, a premier private academic tutoring and test prep provider, today announced that it is now accepting Bitcoin as a form of payment for its in-person and live-online tutoring services. While all clients will be able to pay using Bitcoin, the company anticipates that the greatest demand will be from students located abroad who purchase Skype-tutoring. Previously, international students seeking Varsity Tutors’ services, most often for language tutoring or SAT, GMAT, LSAT and MCAT test prep, could only process payment by credit card or bank transfer which assess foreign transaction fees. The addition of Bitcoin to its payment options will allow those who have adopted the digital currency to avoid traditional currency conversion costs.

“At Varsity Tutors, we’re constantly seeking out ways to better serve our clients, so if digital currency can make it easier for international students to access our tutoring services, it seems only natural to embrace it,” said Chuck Cohn, founder and CEO of Varsity Tutors. “Logistically, the process of integrating Bitcoin into our payment structure was very easy, and any simple change that can improve the client experience is a no-brainer.”

Varsity Tutors is accepting Bitcoin payment through Coinbase. A believer in the currency and technology, Cohn actually began investing in Bitcoin and the payment service last year. “As an entrepreneur, I’m a strong supporter of efficient and innovative technologies, so I’m very interested in the potential of digital currency not only in my business, but in the larger marketplace,” said Cohn.

Varsity Tutors provides in-home academic tutoring and test prep services in 19 major U.S. metro areas, as well as online via Skype. Students are expertly matched with a private tutor who delivers personalized, one-on-one instruction in any subject from STEM to the humanities, as well as preparation for standardized exams at all levels of education from K-12 to graduate school.

For more information about Varsity Tutors and its services, visit www.varsitytutors.com.

About Varsity Tutors
Varsity Tutors is a premier private academic tutoring and test prep provider designed to help students at all levels of education achieve academic excellence. Varsity Tutors delivers in-home, personalized, one-on-one instruction in any subject from STEM to the humanities and customized preparation for all standardized exams, including ISEE, SSAT, SAT, ACT and graduate exams such as the GRE, LSAT, MCAT and GMAT. Students from elementary to graduate school are expertly matched with an exceptional tutor who is best able to address their unique needs and goals. To ensure satisfaction and safety, only the highest caliber tutors are selected to join Varsity Tutors following a rigorous screening process. Varsity Tutors currently serves 19 major metro areas nationwide and offers a variety of tutoring packages. Students and their families interested in learning more about Varsity Tutors should visit www.varsitytutors.com. 

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