You are probably familiar with the online payment portals used for particular vendors, like your electric company, and are aware of the convenience that writing and mailing checks does not provide.But as your company and payment volume expand, these one-off platforms might not provide the tools you need to scale payments.
Many banks and credit unions offer online bill pay as a service that gives an individual or small business a single location to organize and pay their bills across various vendors.However, for many businesses, online bill pay provides a less than ideal answer to the difficulties of B2B payments.As your business grows, relying on a bill payment option might even result in more labor-intensive, manual procedures.
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To create a payment plan, select Pending Bills from the top Menu and select the bill you wish to pay . Select the “Check to Pay ” checkbox and enter the amount …