What is a Virtual Card?
Whether you’re controlling dispatch, scheduling appointments, tracking inventory or hiring new employees, efficiency is essential. Digitize outbound payment processing to lighten the load on AP teams and improve the way funds flow through your business.
Easily integrated with your existing management platform, simplify accounts payable, reduce costs and improve vendor relations with automated payments. REPAY solutions put you in control, determining how and when you pay vendors and suppliers.
Pay using virtual card, credit card or ACH
Simplify vendor set-up and management
Efficiently track and reconcile payments in real time
Easily manage payment exceptions
Enhance the vendor experience using our simplified AP platform. You can relax while we do all the work, from set-up to support, while you focus on running your business smoothly.
Using traditional checks to pay vendors slows down your business operations. Use virtual cards to expedite outbound payments and earn rebates that can be put towards running your business.
Don't break a sweat when it comes to onboarding your vendors. Our team contacts each one to verify their payment preference and set up your ability to automatically pay them. Since REPAY is integrated into your existing operating systems, you can easily approve payments and track them in real time.
U.S.-based and available 24/7/365, our dedicated customer service team can assist you with every aspect of REPAY’s payment processing program.
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased vendor satisfaction.
Small to medium businesses (SMB) across the U.S. are still feeling the ripple effects of the pandemic with supply chain issues, rising interest rates, growing inflation and uncertain economic conditions. As we approach 2023, inflation is the primary concern. Thirty-seven percent of Main Street SMB decision-makers cite it as their greatest worry, and it doesn’t look to be going away anytime soon.
It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”
The economic uncertainty of 2021 has offered the opportunity for many companies to focus on process improvement and organizational efficiencies. An overhaul of Accounts Payable (AP) and invoice processing can seem daunting, but it is worth researching given new technology that can provide measurable cost and time savings.