Paymode

Locks Out Fraud

Payments made through the Paymode network are protected
by end-to-end encryption and best-in-class authentication and validation using 300+ different data points for every one of the 550,000+ businesses we’re fortunate to have as customers.

The result is zero fraud on over $450 billion processed annually. 

• Authentication up front and ongoing for every business

• Active monitoring and secure processing of every payment

• Notifications for vendors who may have been compromised

Competitors

Weak Security

If you’ve seen the headlines, you know that lax fraud prevention measures have proven costly for our competitors and their customers. Many talk the talk, but walking the walk is a different matter entirely. 

• Limited up front and ongoing authentication

• Network and payments are rarely monitored

• Vendor impersonation is often not caught 

Paymode

Makes It Simple

On average, over 50% of your vendor population will already be enrolled to receive payments via Paymode. For the rest, we do benefits-focused outreach designed to get vendors excited about signing up so you don’t have to. 

• Improved payment speed

• Better remittance and AR tools

• Reduced Days Sales Outstanding

• Lower cost of payment acceptance

Competitors

Strain Relationships

The competition too often slows down payments on purpose, bullies vendors into signing up for new payment methods, and runs roughshod over your existing relationships.

• Slow/withheld payments

• Lack of AR solutions

• Strongarm tactics 

Paymode

More Money in Your Pockets

Paymode customers often see 50% more rebates than they did with competing solutions. We know that those rebates can help with expenses and with AP’s reputation as a cost center for the larger business.

• Premium ACH and virtual card payments offer rebates

• Uncapped rebate potential

• Vendor enrollment focuses on rebatable payment types

Competitors

More Money in Their Pockets

Yes, Bottomline receives a portion of every rebate. Many competitors take most of the rebate potential for themselves.

• Card-only rebates in most instances

• Capped rebate potential and uneven revenue splits

• Vendor enrollment pushes for card at all costs

Paymode

Always-On Customer Care 

Bottomline is here to help you succeed. We’re always at the ready provide support and help you focus on growth.

• Dedicated support and business growth teams for payers and vendors

• Live chat, always available hotline, and dedicated account reps

• Vast knowledge base for simple account and solution questions

Competitors

Phone Off the Hook

Many Paymode users report they had challenges when relying on other payments companies.

• Broad support and no dedicated vendor success teams

• Unmanned chat and inconsistent call center availability

• Limited documentation and knowledge bases