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Explore the benefits

Why pay vendors through virtual card? What benefits do vendors receive when you pay them via ACH?

Understand how joining Paymode-X and making payments can be streamlined effectively and help you build better relationships with this informative, brief infographic highlighting the benefits and core functionality of each payment type we offer.

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Virtual Card

Virtual card payments are hyper-secure and provide rebates to payers, and are widely accepted by vendors who also gain access to improved remittance and Paymode-X AR tools through that acceptance.
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Payers

  • Secured against fraud and usable through your vendor’s existing card processing solution
  • Robust vendor authentication, eliminating need for you to hold vendor bank account information
  • Monthly rebate based on card spend volume, offsetting costs of other payment types
paymode secirity fraud & risk 168

Vendors

  • Reduce DSO and better manage working capital with efficient processing
  • Rich remittance detail in the format of your choice allows for easy, flexible cash application
  • Gain access to host of high-end AR tools, including enhanced reporting and automation

Premium ACH

Payers realize rebates, both parties enjoy the benefits of paying and being paid through the secure Paymode-X network, and vendors enhance remittance and access key tools.
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Payers

  • Protected against fraud with unique vendor ID number and secure storage of vendor bank account information
  • Robust vendor authentication, OFAC checks and account validation
  • Provides monthly rebate based on ACH spend volume, offsetting costs of other payment types
paymode secirity fraud & risk 168

Vendors

  • Reduce DSO and better manage working capital with efficient processing
  • Enhanced remittance detail in the format of your choice for easy, flexible cash application
  • Gain access to host of high-end AR tools, including enhanced reporting and automation

Basic ACH

Payers realize the benefits of paying securely through the Paymode-X network, while vendors eliminate the hassle of checks and access standard remittance and reporting options. No rebate opportunities are available for payers with this option.
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Payers

  • Securely and efficiently pay vendors for a small per transaction fee
  • Protected against fraud with unique vendor ID number, in addition to supplier OFAC checks and authentication
paymode secirity fraud & risk 168

Vendors

  • Helps eliminate the hassle associated with waiting for checks
  • Access to standard remittance and reporting options

International Payments

Gain access to a safe, effective and easy way for businesses to pay international vendors. The offering provides support for payees across 53 countries and 26 currencies.
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Payers

  • Securely and efficiently pay vendors any supported country and currency
  • Bring domestic and international payments into one integrated process
paymode secirity fraud & risk 168

Vendors

  • Can be paid securely in the currency and format of their choice

Directed Check

Automate the drawdown of funds from your financial institution by sending a single file and your bank will receive a positive pay file, while vendors receive familiar check payments. Access customized templates that allow you to add signatures, logos and more.

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Payers

  • Securely and efficiently pay vendors for a small per transaction fee
paymode secirity fraud & risk 168

Vendors

  • No change to familiar check payment processes

Managed Check

Automate the drawdown of funds Paymode-X’s financial institution by sending a single file and receiving remittance at your preferred cadence to your ERP, while vendors receive familiar check payments. Access customized templates that allow you to add signatures, logos and more.

paymode x payment types INFO Managed Check In Page Image 1260x706
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Payers

  • Securely and efficiently pay vendors for a small per transaction fee
  • Protected against fraud with vendor OFAC checks

 

paymode secirity fraud & risk 168

Vendors

  • No change to familiar check payment processes
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How to Overcome Invoice and Payment Challenges using Paymode-X

The days of piecemeal fixes and point solutions for accounts payable is over. Join Bottomline Solution Engineer Steve Olmschenk as he shows you how Paymode-X fuels AP business continuity by automating the entire invoice-to-pay process.

On-demand webinar
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Paymode-X ROI Calculator

See how much you could save. Calculate a new way forward with Paymode-X, one that makes your accounts payable function more efficient, more secure and better able to focus on your company's strategic priorities.

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