How it works
BILL virtual cards are a simple and secure payment solution that helps you get paid faster and reconcile more easily. No need to wait around for a check or ACH payment. Payments are received the same day or next day and they include transaction details such as invoice and customer information.
Your customer schedules a payment in BILL exactly as they always have.
The payment is delivered in one of three ways:
- Emails sent directly to you: BILL sends you an email with a single use, 16-digit Mastercard or Visa number (which is different for each payment)
- Phone call: One of our representatives will call you with the card information and payment details
- Portal: We enter virtual card information directly into your online portal
Benefits for Vendors:
BILL virtual cards speed up and simplify your entire receivables process
- Fast Payments: get paid faster than checks or ACH. Virtual cards can arrive the same day and process just like credit cards.
- Secure: confidently transact with virtual cards. Virtual cards are single-use and only the amount issued can be processed. Your payments are secure with Mastercard or Visa payment processing and 24/7 fraud monitoring.
- Easy: simplify receiving payments with a payment solution that makes it easy to reconcile, and can flex with how you want to receive payments. Easily access invoice and customer information. Have the freedom to choose to receive payments by email, portal, or phone.
Funds are deposited in your account. Receive your payment within 1-2 business days, and sometimes even the same day!
For a detailed list of FAQs visit https://help.bill.com/direct/s/article/360045653872.
