Bill.com has rolled out a new feature that provides you the freedom to pay how you want. Introducing, Bill.com Pay by Card.
What Does This Mean for You?
Now you can pay vendors by credit card even if they don’t typically accept cards. So, earn rewards and your favorite perks (points, miles, rebates, etc.) when you pay your vendors by credit card. Using your card may provide you with deferred payments, and free up cash flow with credit card payments to vendors.
With Bill.com and automatic sync, it cuts down on manual entry and reduces errors. It is easy to get started and easy to use.
How Does Bill.com Pay By Card Work?
It’s quite simple:
Decide which bills you want to pay by card
Add your card
Make a card payment with the card you added, no matter if the vendor accepts card payments or not
Then pay your vendor via ACH or check, whichever method of payment they are set up for
A charge for the payment will be made plus an industry-standard 2.9% transaction fee.
Bill.com processes your credit card payment and then pays your vendors by ACH payment or check.
Vendors receive their payments by ACH or check but you get to pay by credit card, earning credit card rewards and deferring payments to better manage your cash flow.
Any U.S. credit or debit card may be used for Bill.com card payments, except prepaid cards, or gift cards; these payment methods are not supported at this time.
How Long Do Bill.com Pay by Card Payments Take?
In most cases, funds will be deposited the next business day after your card has been processed. For vendors that have just signed up to receive ACH payments, it can take up to 5 business days to receive the first payment.
Check vendors will generally receive payments within 5 – 7 business days, depending on mail delivery speed.
When you make a payment with your credit card, an estimated date that the payment will be received by your vendor will be shown.
There are no charges to your vendor.
Cash Flow Made Easier
Leveraging Pay by Card functionality allows you to work smarter, not harder by freeing up your cash flow. RAI is dedicated to fueling your success through automation and insight. We reduce your accounting workload so you have more time for everything else. Find a solution that saves you time by scheduling an appointment with us:LET’S MEET
Simplifying Bill Creation With Bill.com's IVA Did you know that Bill.com has simplified the payment process? Not only that, they have made it even smarter which saves you time and is more efficient, through their added feature, Intelligent Virtual Assistant (IVA). How does the IVA work? Basically, the IVA has built in artificial intelligence (AI) that begins the bill creation…
Cash Flow 101 Cash in the bank is comforting. You use it to pay bills, buy inventory and expand your business. Your bank account balance tells you how much cash you have at that moment. But how much will you have in a week, a month, a quarter? That’s where cash flow comes in. Cash flow is a measurement of…
Bill.com International Payments You may already know that Bill.com is an intelligent business payments platform that saves you time and gives you full control over an automated, end-to-end process. But did you know that Bill.com also provides a simple international payments solution that enables businesses to make electronic payments to vendors outside the U.S.? International payments are sent as secure…
Bill.com, a Cornerstone of Our Business We at Redmond have been using Bill.com for a decade. It is an intelligent way to create and pay bills. And it is truly a cornerstone of our business. It exemplifies the modern methods of accounting that we evangelize - from security to automation to electronic payments to online access. In December, we were…
Top 3 Tips on How to use Bill.com Have you ever thought to yourself…”Did I pay that bill?” Between your personal bills and bills for your business, it’s easy to forget one and let it slip through the cracks. Even if you have automatic payments set up, it gets tedious to keep track and make sure EVERYTHING is paid. As…
Approving Bills With Bill.com Approval Process Last week we spotlighted one of our favorite apps for online bill pay to vendors - Bill.com. We showed you their new interface along with this checklist with step-by-step instructions for users approving bills. Let’s take a closer look. Our experts can automate your bill pay process. Schedule a free consultation! Schedule now The…
How To Add Notes In Accounts Payable In Bill.com As a small business owner, it’s likely you don’t have a suite filled with financial professionals working on your business around the clock. Likely, that job falls onto your shoulders, which can take up a lot of time. Even with a background in accounting and finance, working on accounts payable and…
How Bill.com Can Help Your Small Business Accounting As a small business owner, you probably (most likely) run every part of your business. You don’t just do the services or make the products that started your company. You do the marketing, social media, accounting, and more. Even if you have a small team, you’re still probably wishing you had more…
How Bill.com and QuickBooks Online Work Together Do you run a small business and constantly find yourself spending hours upon hours doing bookkeeping and accounting tasks? Do you end up doing double data entry because your online banking bill pay doesn’t integrate with QuickBooks? Does your current accounting program lack needed features like bill approval and e-payment? Well, we have…
