Why payment other than Check or ACH is bad

Beware of Hidden Costs When Paying Vendors Through Competitor Platforms

Some accounts payable platforms offer built-in payment options like credit card or debit card transfers. While this may seem convenient, it’s important to understand how these payments can impact your costs in the long run.

1. Vendors Pay Processing Fees
When you pay a vendor using a competitor’s built-in payment system, the vendor often gets charged a transaction fee (usually 1%–3%). These fees add up quickly for vendors, especially for larger invoices.

2. Vendors Pass the Cost to You
To make up for these fees, many vendors raise their prices—meaning you could end up paying more for the same products or services over time.

3. Bank Transfers (ACH) Are Often Cheaper
Many vendors prefer direct bank transfers (ACH) because they avoid processing fees. If you’re using a system that forces payments through a specific provider, your vendors might adjust pricing to compensate.

How We Help You Avoid These Extra Costs

✅ We let you handle payments however you choose—so you can work directly with vendors and avoid unnecessary fees.
✅ You stay in control of your accounts payable process without forcing vendors into high-fee payment options.
✅ This helps keep your vendor relationships strong and your costs as low as possible.

If you have any questions about payment methods, feel free to reach out!