Virtual Card
The Benefits of Virtual Cards
Turn Accounts Payables Into A Revenue Generator
Because payments are delivered through a credit card network, you earn money-back rebates on spending similar to the way consumers earn "cash back" on a credit card.
Minimize Costs
Reduce costs associated with printing, postage, processing, check fraud and labor.
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Easier Administration
Virtual cards are easier and faster to process than paper checks thanks to automated processing and reconciliation, similar to ACH.
Enhanced Security
Reduced the risk of fraud and gain the security of single-use cards that are locked down using system controls.
Straight Through Payments
Check Out This Way To Get Paid
Make Fast, Secure Virtual Card Payments to Card Non-Acceptors
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Electronic payments are faster, safer and more convenient than time-intensive checks. Virtual card is rapidly becoming the electronic payment method of choice for more and more B2B transactions.
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But, what if your suppliers cannot – or choose not to – accept your invoice payments via card? How can you still benefit from the advantages of making virtual card payments to these suppliers?
The Answer Is To Pay With JollyPayments Straight Through Payments
Straight Through Payments is a payment strategy that streamlines your accounting process, increases accuracy, reduces costly errors and delays, and improves cash flow.
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Buyers Benefit- Make easy, streamlined B2B payments on virtual card – even to suppliers who do not process card payments.
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Supplier Benefits- Receive fast, secure, predictable payments with rich remittance data, without setting up card processing.
Both Benefit- Achieve greater efficiency, accuracy, and visibility in managing accounts payable and accounts receivable.
How do Straight Through Payments work?
Through our established card processing platform, we accept your virtual card payment for the amount intended for your supplier. We then pay your supplier with their non-card payment method of choice.
Submit your supplier payment
via virtual card
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We accept your payment through
our card processing platform
We pay the supplier next day, less a fixed percentage of the payment amount.
