Payment Processing Companies

Payment processing companies connect suppliers and buyers, facilitating transactions and allowing buyers to make quick, efficient payments. For example, third-party credit card processors allow businesses to accept payments without having to open their own merchant accounts. Similarly, issuer processor companies put users in direct contact with issuing banks to access records and cards and authorize transactions. With more people shopping online than ever before, it has become crucial that businesses continually look for ways to meet their evolving needs. Seamless payment processing is essential to running a business in the digital space, as customers are seeking diverse methods of payment.

AvidXchange Invoice Management Screenshot
Capterra Logo
4.5/5 (35)
4.5/5
4.5/5
tr-logo
8.5/10
GetApp Logo
4.5/5
G2 Crowd Logo
4.5/5
sa-logo
4.3/5

Accounts Payable Automation Software

Unleash your team’s efficiency with AvidXchange’s suite of accounts payable solutions and say goodbye to filing cabinets and lost invoices. Accounts payable process automation with AvidXchange frees your team from the manual AP tasks that are slowing down your business, all while giving you greater control over your spend management with the click of a button.

Reduce Costs of Accounts Payable

Reduce Costs

Reduce Costs

No more wasted efforts signing, stuffing, stamping and sending stacks of paper checks. Review, code and approve payments with a few clicks.
Scale For Business Growth

Scale For Growth

Scale For Growth

Savings from eliminating the hard costs associated with paper payments allow your current team to keep up with a growing workload.
Remote Accounts Payable

Work Remotely

Work Remotely

Our cloud based accounts payable platform provides online access 24 hours a day, seven days a week so you have flexibility when you need it.
Reduce Payment Fraud

Reduce Fraud

Reduce Fraud

Enhance your financial security by leveraging e-payment adoption, while providing your vendors with flexible payment options.

Join the 8000+ Businesses Enjoying AP Automation with AvidXchange

Simonini Logo
Doordash Logo
Charlotte Symphony
Empire State Realty Trust Logo
Arby's Logo
Rock and Roll Hall of Fame
Hendrick Auto Logo
American Dental Association
First Service Residential Logo

VIDEO DEMO: STEP-BY-STEP WITH OUR ACCOUNTS PAYABLE AUTOMATION SOFTWARE

Watch our 4-minute demo of AvidXchange’s AP automation solutions. We’ll show you step-by-step how our solutions can digitally transform your entire invoice-to-pay process.

It’s equally important for those in the B2B space to find quality payment processing methods. Suppliers and buyers alike can benefit from seamless transactions, which is why companies like AvidXchange exist. AvidPay, AvidXchange’s bill payment software, facilitates and automates payments to suppliers, including payments by credit card. AvidPay allows users to eliminate paper checks and manual processing, enabling them to make payments more quickly and efficiently. By automating your bill payment process you maintain your current system of record while gaining additional visibility into your workflow. You will also receive the information you need to reconcile bill payments.

The AvidPay Network is trusted by over 800,000 in-network suppliers, allowing users to connect with a wide range of companies. You can also create custom workflows that allow for quick and easy visibility into your payment status and approvals, regardless of where you’re working from. Best of all, with AvidPay, you can kiss paper bill payments goodbye forever—no more time and money wasted on check printing, envelopes, and postage. You can make all of your bill payments electronically with a few clicks of a button. Payment processing companies like AvidXchange make it easy for users to automate payments, relieving them of manual, time-consuming processes.

Largest Payment Processing Companies

PayPal and Apple Pay are two of the largest payment processing companies today. Platforms like these have transformed the digital payments world, opening the door to new and improved opportunities for both merchants and consumers. Customers can easily pay for their items online without having to go directly through their bank. As payment processing solutions evolve, businesses are finding new ways to deliver fast, secure methods for payment. People no longer have to rely on outdated payment processing tools to make a quick transaction.

You might consider browsing a payment processing companies list to get a better idea of the different companies that facilitate payment processing and what kinds of tools each of them offers. Some platforms are better suited for smaller businesses, while others serve large companies with complex payment needs. Finding the right platform for your business is critical to ensuring a smooth payment process for everyone involved. For example, if you are an accounts payable manager, then it’s important to look for something that will allow you to make fast, easy payments to your suppliers. AvidXchange supports multiple payment options so that users can pay vendors according to their preferences.

Best Credit Card Processing Companies

If you’re looking for a better way to process credit card payments, then you might try searching for some of the best credit card processing companies. You can also scan a broad, general list of credit card processing companies to see which companies, if any, would be a good fit with your business procedures. Some of the largest credit card processors are Chase and Bank of America, but depending on your business needs, you might consider partnering with a smaller platform that can work with you to develop a more customized payment process.

AvidXchange helps users improve their relationships with vendors by providing different payment methods. By paying your suppliers through their preferred method, you can ensure timely payments and reduce friction in the process. What’s more, with AvidXchange, you can work remotely, accessing the cloud-based platform 24/7 to check up on your payment status and make sure that everything is operating normally. AvidXchange’s AP solutions make it easy for users to manage invoices and make and track payments. It eliminates the need for paper-based processing, which can be costly and time consuming, enabling businesses to make quick, secure payments to their vendors.

Payment Processing Industry

The payment processing industry continues to expand thanks to the growing interest in digital payments. Gone are the days of having to stamp and mail paper checks or even swap cash. Today, consumers can make instant payments through their electronic devices. Businesses have caught on to this trend and are working to develop even better solutions for electronic payments. There are many different types of payment processors, so it can be helpful to look through a payment processing companies list or list of the top 100 payment processing companies. This can give you a better idea of what’s out there and which platforms are available to help meet your business needs.

If you’re looking for a solution that’s specifically designed to handle credit cards, then you might try searching for a credit card processing company or credit card processing franchise. If you expect to be dealing primarily with mobile wallet payments, then you should consider partnering with a payment processing company that’s capable of handling that type of payment. There’s a wide variety of payment processors, and not all of them are designed for the same purposes, which is why it’s important to consider which payment methods you’re actually going to be using and choose a company based on the types of payments they support.

Online Payment Processing Companies

Online payment processing companies facilitate digital transactions. This enables users to make payments without having to go directly through their bank. Credit card processors are among the most common payment processing platforms. When looking for the best credit card processing company for your business, there are a number of factors to consider. What kind of processing fees, if any, does this platform charge? Is there a limit on transactions? Knowing this information beforehand can save you trouble down the road. You don’t want to invest in a system that’s incompatible with your business needs.

While it’s important to consider the top payment companies, it can also be a good idea to determine the worst credit card processing companies, whether in general or for your business specifically. You can learn more about each company by browsing user reviews and seeing which tools or features have worked well for others and which haven’t. This can give you a better sense of whether or not a given payment processor would be able to meet your needs.

Payment Processing Business Model

Your payment processing business model should be tailored to your unique needs. For instance, a white label payment processing system allows you to process payments through a third-party gateway under your own name. This is a great way to provide easier payment options to your customers without having to build a payment solution yourself. You might also choose to use a service like PayPal to make and accept payments. Whatever method you choose, it’s important to consult with vendors and customers to determine their preferred options—after all, the more choices you give them, the happier they’ll be. This, in turn, can promote business growth and allow you to maintain better relationships with all those you work with.

Accessing a credit card processing comparison chart can give you a good idea of your options. You can get a visual representation of which companies offer certain features and what platforms are best suited for different types of businesses. A chart like this can also display processing fees, support options, online access fees, and other critical information that can help you make a decision that’s right for your business. Understanding the ins and outs of each processor is key to finding the best possible solution for your needs.

Top Payment Processing Companies

Finding the right credit card processing business for your organization can be challenging. There are so many things to consider and so many hidden fees to watch out for. AvidXchange is among the top payment processing companies thanks to its vast supplier network. With this end-to-end solution, users can automate their entire accounts payable process, getting their suppliers paid quickly and according to their preferences. AvidXchange allows teams to achieve greater efficiency in their workflows and take greater control of their AP processes. Users can monitor and approve invoices electronically, saving them time and paper.

With AvidXchange, you can reduce many of the hard costs associated with paper-based payments. You can also scale for growth, allowing your team to manage an increasing workload over time. The platform’s online record system makes it easy for users to access their documents for auditing. The AvidPay bill payment software supports 100 percent paperless payments, allowing you to ditch paper and envelopes for good. AvidXchange also integrates with over 200 widely used accounting systems. This means that, even when automating your AP process with AvidXchange, your current accounting platform will remain intact. This is a great way to streamline your existing AP process while reaping the benefits of a payment automation platform.

More Accounts Payable Insights

Blog

Future-Proofing the Office of the CFO: Borger Management’s Claudia Good Outlines ‘Stay-the-Course’ Approach to Remote Work

AP Automation

How AP Automation Modernized a Family Construction Business

AP Automation

How AP Automation Took One Finance Department from Bottleneck to Profit Center

Blog

Future-Proofing the Office of the CFO: A Conversation With Kitty Payne About Using Technology to Boost Financial Team Productivity

AP Efficiency

How to Reduce B2B Late Payments

READY TO LIBERATE YOUR AP With AvidXchange?