Virtual cards work like credit cards but there’s no physical card. Instead, you’ll receive an email with the numbers, which you can then key into your POS.
Become a virtual card acceptor
Virtual cards are a highly secure payment method. They are issued for the exact amount of the invoice(s) due. Plus, they have a short expiration date, and become invalid when the balance reaches $0.
Once you’ve decided to receive virtual cards, you’ll get an email each time your customer pays you. The email will include the associated invoice information and all the details you need to process the payment in your Point-of-Sale system.
Leverage fast and secure ACH
Based on your customers’ preferences, you may be offered Premium ACH, which works like traditional ACH but provides more remittance information so you can manage your AR more efficiently. We’ll let you know what your customer prefers.
Gain visibility into payments status
Buyer sends and approves payments
Get notified about payment and view it in portal
Track payments online
You’ll track your payments in the Paymode-X portal.
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Current and historical payments
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Payments for a particular timeframe
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Invoice(s) associated with each payment
Submit and track invoices, too
You can also eliminate all the paper-based processes that weigh down their Accounts Receivable. Using a few clicks, they can submit invoices to customers who use NexusPayables. Delivery is guaranteed. Plus, they can track invoice status, and view their payment. No more phone calls to AP teams inquiring about where invoices and payments stand.
Nexus is the most trusted electronic payments platform for multifamily, CRE and other Real Estate segments.
View some reviews and customers.
I received a call from Paymode-X today, are they related to Nexus?
Yes, Paymode-X and Nexus work together. They are both part of Bottomline.
What are virtual cards and how do I process them?
What is Premium ACH?
It’s a highly secure ACH method that arrives within days of approved payment. It also has extensive remittance information so you can manage Accounts Receivable in less time.
How much does it cost to process a virtual card or premium ACH payment?
There’s a small processing fee for each. However, they are sent faster than checks, providing you with working capital.