Electronic Payments - VersaPay

Electronic Payments

Are you ready for the online B2B payment world? When it comes to payment options, nothing is more convenient and cost effective for your customers and business than electronic payment. Have you future-proofed your customer experience for the emergence e-payments in your industry?

It’s evident in the consumer world, the demand for e-payments is growing rapidly with continuing adoption of online shopping, e-billing, and e-transfers. This demand is making it’s way into the business-to-business (B2B) world, which is encumbered by manual processes, legacy systems, and proprietary formats. To become more efficient, leading companies are looking to B2B electronic payments to help them cut costs, automate reconciliation and improve their customer experience.

With over 10 years of experience in the payment industry, VersaPay is an innovator in B2B electronic payments is certified as a PCI Level 1 service provider and meets the highest industry security standards.

Comprehensive suite of secure, electronic payment options

Close-up of a woman's hands holding a credit card to make an electronic payment.

Offer secure, flexible payment options to your customers with our suite of electronic payment options, including electronic funds transfer (EFT), automated clearing house (ACH), credit card, debit card, and PayPal. These payment options are native to VersaPay ARC, including full multi-currency support, allowing your customers to settle their accounts in their online invoicing and payment portal.

By offering an invoicing and payment platform for customers that is PCI Level 1 compliant and certified annually, VersaPay takes the worry out of accepting online payments, to ensure your business can rely on the highest security standards.

Tailor and control payments for your customer payment plans and business needs

Young business people working together in the office sharing a laptop computer as they smile with satisfaction at the information.Offering flexible payments does not mean a loss of control for your business. With VersaPay ARC, you can strategically leverage different payment methods to cater to your customer and business needs.

With the ability to set up payment acceptance rules, you can control what types of payments you would like to accept, from whom and when based on a breadth of different rules and conditions. Payment types include ACH/EFT, credit cards, and more. With payment rules in place, you can offer enticing payment incentives to encourage customers to pay faster including discounts, waiving of fees and ability to pay with credit cards with support for convenience fees and surcharging. Your team and your customers can create effective payment plans with the ability to offer one-time payments, autopay, and scheduled payments.

Equip your business with the best-in-class payment security

PCI DSS compliantVersaPay is annually certified PCI Level 1 compliant. This means your business will be equipped with the best in class security for customer and payment data, ensuring that you keep compliant with audit and industry regulations. Card and bank account data are completely tokenized for multi-use. Your staff will never have to see a credit card or bank account number and your customers can manage their payment information their secure online portal.

Automated payment reconciliation for offline and online payments

Man working on streamlining accounts receivable.One of the largest hindrances to offering online payments is managing multiple payment remittance formats that can make cash application and reconciliation difficult. With VersaPay ARC, you can import multiple formats for offline payments (BAI, ISO, 200022, EDI, ERP specific formats, bank specific formats and check image files) and automatically reconcile online payments (EFT, ACH, credit card). This allows you to have one centralized platform to view all payment information. With automated cash application through our partners, VersaPay ARC intelligently aggregates both offline and online payment remittance information and pushes it back to your ERP to close open invoices easily without manual effort.

Equip your business with the best-in-class payment security

VersaPay is annually certified as a SaaS-based PCI Level 1 compliant provider. This means your business is protected by best in class security for customer and payment data, ensuring that you remain compliant with audit and industry regulations. Card and bank account data are completely tokenized for multi-use. Therefore your staff will never have to see a credit card or bank account number and your customers can manage their payment information securely in their own portal.

Ready for a more convenient and cost-effective payment system? 

What's next?

Looking for more insights, tips, and general information on accounts receivable automation? Check out the links below.

See How VersaPay Can Work For You

Do you like the sound of getting get paid faster and improving customer satisfaction? If so, you’re ready for accounts receivable automation.

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