New Vendor Payment option from American Express and... - Card Issuers News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Card Issuers » New Vendor Payment option from American Express and Bill.com

New Vendor Payment option from American Express and Bill.com

New Vendor Payment option from American Express and Bill.com
February
21
The content is accurate at the time of publication and is subject to change.

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.

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.
Add to Favorites:

Related News:

Some Upgrades Coming for American Express Business Platinum Cardholders
Some Upgrades Coming for American Express Business Platinum Cardholders

Posted: December 10, 2018

In 2019 people with the Business Platinum Card will be able to take advantage of some upgrades arriving with the new year. These new benefits are designed to boost productivity, as well as give cardholders more perks when traveling for… Continue reading

The Marriott Bonvoy Business American Express Card Ups its Annual Fee
The Marriott Bonvoy Business American Express Card Ups its Annual Fee

Posted: March 26, 2019

The annual fee for the Marriott Bonvoy Business American Express Card is going up as of March 28th, 2019. At that point, cardholders will pay $125 each year rather than $95. Individuals who apply before that date will have their annual fee… Continue reading

Air Canada and American Express Partner is Still a Go
Air Canada and American Express Partner is Still a Go

Posted: March 06, 2019

Air Canada and American Express have inked a deal renewing their partnership. But that is not all it also paves the way for the launch of new co-branded credit cards and for American Express to partner with them on the Air Canada’s new… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Introducing the New Citi Rewards+ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap
For Excellent, Good Credit
Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days
For Good/Excellent Credit
See Rates & Fees
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!