Speed and flexibility matter when running a business. PayPal can help you save time and manage your cash flow. With Bill Pay, you can use your PayPal balance to pay vendors, even if they don’t have a PayPal account. And vendors get paid their way, via ACH, check, wire transfer, or PayPal.
Read on to learn:
PayPal’s Bill Pay is a fast and flexible way for businesses to pay their vendors using a PayPal balance, linked bank account (ACH), or credit card. No need for vendors to be PayPal users too.
PayPal Business account users can flexibly fund payments with Bill Pay. And they can access PayPal’s existing suite of financial tools, including invoicing for accounts receivable. All from one unified dashboard.
PayPal’s Bill Pay is ideal for businesses that:
PayPal’s Bill Pay can help businesses save time and operate more efficiently:
Optimize cash flow by using different funding sources to pay bills on time. Like credit cards, ACH, and PayPal balances. With PayPal balances, there are no delays or multiple transfer steps. Funds can be used as soon as they are received.
Different vendors have different payment preferences. ACH deposits, paper checks, and domestic wire transfers are all possible with Bill Pay. For example, you can fund a payment with a credit card and the vendor can receive it as a paper check. And there’s no need for a vendor to have a PayPal account.
Schedule and send payments, view past activity, and track the status of every outgoing transaction all in one place. Already using PayPal to create and send invoices? Bill Pay will fit seamlessly into your existing workflow.
PayPal’s Bill Pay is backed by PayPal’s security standards. All transactions are encrypted to help keep sensitive details secure. Vendors will never see a business’s banking or credit card information. And since they don’t need a PayPal account to get paid, there’s no sign-up process.
Businesses can be confident that bills are paid how they want and how their vendors prefer.
PayPal Business account holders will find Bill Pay on their business dashboard or navigation menu. And they can pay vendors through the platform in a few easy steps:
Watch this video to learn more about how to use PayPal Bill Pay.