Earn card rewards and better manage cash flow with Bill.com Pay By Card. Now you can payvendors by credit card—even if they don't typically accept cards.
Why pay vendors with your credit card?
As a small business owner, paying with a credit card can streamline accounts payable. It’s possible to pay an invoice with a credit card, which can save you valuable time that you can use to build your business. In addition, credit card statements allow you to quickly and easily update your bookkeeping system.
Paying with your credit card also allows you to earn rewards, defer payments and keep everything in sync.
How to Pay Bills with Credit Card via Bill.com
Paying bills and invoices with a credit card is a straightforward process. You simply decide which bills you want to pay by card, and then add your Visa, Mastercard, or Discover card. No matter whether you vendors take credit cards or not, the payment still goes through! Bill.com simply cashes the credit card charge and creates an ACH payment to that vendor.
It’s important to note that Bill.com does charge your card for the payment, plus an industry-standard 2.9% transaction fee. So business owners should think if the benefits are worth the 2.9%.
Paying invoices or bills with credit cards is a convenient solution to getting things paid and helping you manage your finances. However, if you are paying bills with your credit cards because you are financially strapped, now is an excellent time to speak with your Controller to understand your financial status better. Remember, you should be able to pay off your credit card balance at the end of each month.
If you’re ready to start utilizing the connivence of Bill.com’s latest feature, ask your Controller on how to get started.