Adding Pay by Link to your Premium Invoice Delivery in Paymode provides your customers with a fast, secure, electronic payment method at time of invoice presentment. You don’t need to send separate payment instructions or maintain a separate payment portal. Instead, customers pay straight from the invoice using Premium ACH, and funds are deposited directly into your account. You also receive full remittance data to quickly match payments to invoices.
In addition, automated dunning capabilities built-in to Premium Invoice Delivery encourages prompt payment via Paymode and reduces DSO.
Paymode improves visibility into invoice status and details and helps you close your invoices faster with complete remittance data, streamlining reconciliation and cash posting. Remittance formats will be provided using your existing Premium membership, including CTX, scheduled reports, and downloadable reports.
The fee is the same as all your other Premium ACH payments.
With Pay by Link, their funds are processed by the Paymode network, providing more security and visibility than a check.
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