Virtual Cards: Revenue Boosters and Cost Busters

The Benefits of Virtual Card

1 Cut your check stack

60% of Paymode-X customers say they want to reduce their reliance on checks. No printing and stuffing checks, no unwieldy processes, and a supplier-initiated collection of funds make this easier and quicker than any other payment type.

2 Enhance efficiency

No printing and stuffing checks, no unwieldy processes, and a supplier-initiated collection of funds make this easier and quicker than any other payment type

3 Frustrate fraudsters

One-time payments that can only be obtained by an authorized user, on a network that protects 475,000+ organizations annually? Forget it, fraudsters.

4 Ramp up rebates

Monetize your AP spend and put cash back into the organization’s pockets.

How do I save and earn with ACH and virtual card?

In this example, XYZ Inc. has an annual AP spend of $200 million. 28,000 checks per year are replaced with ACH and virtual card payments totaling $140 million.

By converting to ACH and virtual card payments, AP contributes nearly $675,000 of ROI per year.