The content is accurate at the time of publication and is subject to change.

News: New Vendor Payment option from American Express and Bill.com - Credit-Land.com

American Express and Bill.com have teamed up to roll out American Express Vendor Pay, a platform letting businesses make payments using their already existing American Express Corporate or American Express Business credit card. Vendor Pay is seen as a way to help businesses expedite payments, save time and earn rewards.

"As businesses grow in size, their accounts payable needs become more complex, driven by more vendors and more invoices," said E-Bai Koo, Executive Vice President, American Express Global Commercial Services.

"As a partner to businesses around the world, we strive to make it easier for customers to get business done. We're excited to build a long-term partnership with Bill.com, a leader in digital business payments, to offer our Card Members a streamlined approach to vendor payments," he added.

Keep earning rewards and upping security

With Vendor Pay business can do everything from optimizing vendor payments and increasing their working capital to getting data to help them be more efficient. But that's not all they also earn the rewards that already come along with the card when using it to make payments with Vendor Pay.

What about security? The system uses a one of a kind virtual account numbers which are used to make payments with their already existing corporate or business credit card. This feature is designed to provide an additional layer of security for payments.

If a business wants to make a payment with a check they can do so because they will also have access to Bill.com's ACH and check services.

It is free

American Express Business and Corporate cardholders can sign up for Vendor Pay and there is no charge for the basic service. This option let’s just one user access the system to make payments and track their AP.

Businesses can also upgrade their plan to give them a wide range of extras, including the ability to integrate leading accounting software into the system, designate roles, and let multiple users into the system.

To get more information about Vendor Pay cardholders can check out the website.

tags : American Express Business Payments

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.