Vendor Pay Supplier enablement

Things to know about acceptance for virtual payments (business-to-business)

• Virtual payments require acceptance via email, phone, or web portal
• Some vendors have different card acceptance policies for business-to-business than they do for business-to-consumer

Onboarding process (for AmEx managed clients only)

1. Contact your AmEx representative
2. Decide which vendors you’d like to pay with virtual payments given terms, if applicable
3. Set up eligible vendors for Vendor Pay

Reaching out to suppliers directly

Reach out to suppliers to:

• Verify business-to-business email payment acceptance
• Discuss payment terms, if applicable
• Confirm correct payment email

Benefits to share with your suppliers:

• Faster payment – funds are electronically transferred directly into your account
• Simplified reconciliation – all remittance information arrives with the payment
• Cost savings – reduced billing and collection costs, i.e. check deposition, lockbox fees
• Added security – eliminates lost or fraudulent checks