Merchants around the world often find it challenging to handle business payments. In a fast-forwarding digital era, managing vendor relationships and dealing with advanced payment software has kept them on edge.
As a result, they spend most of their time hopping between generating invoices and updating payments in their accounting software.
In contrast, they couldn’t take enough time to focus on business growth in the billing, payments, and invoices hassle.
Hence, looking at this universal merchant struggle regarding payments, Shopify has developed a fully-integrated business payments tool, Shopify Bill Pay.
In this blog, we will learn about Shopify’s latest Payment tool and how it can help simplify business operations.
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Shopify Bill Pay – Definition!
Shopify offers its merchants an advanced payment app called Shopify Bill Pay, powered by Melio. With this robust App, merchants can efficiently schedule, pay, and manage their business invoices from their admin interface.
The App comprises some staggering features and functionalities, allowing them to track their vendors, suppliers, and contractors’ payments and invoices in one place.
Irrespective of the payment methods, merchants can now allow vendors to decide whether to receive funds via check or bank transfer.
Overall, the Bill Pay App is the perfect modern-day payment solution that could save a lot of time paying business bills. Also, help merchants stay on top of the cash flow from Shopify worldwide.
Please note that this payment app has no sign-up or subscription fees.
On average, merchants can save up to 16 hours/month paying business bills using Shopify Bill Pay.
How Does Shopify Bill Pay Operates?
Setting up and using the Shopify Bill Pay App for paying business bills is easy.
Video Source From: https://www.youtube.com/watch?v=te2dHc2K0RU
Whether you prefer to tackle it solo or enlist the help of Shopify Experts, we’ve got you covered. Our experts can assist you with extra tasks, such as setting up invoices and selecting payment methods to ensure everything goes smoothly.
After your initial transaction or payment to a vendor using the Bill Pay app, the App will save the details and preferences for future transactions. You can then easily edit those preferences and details whenever you need to.
Benefits Aligned With Shopify Bill Pay
Shopiy’s new payment App is fast, responsive, and has numerous best-in-class functionalities. Some of the highlighted benefits include the following:
- Easily make payments to vendors all over the world
Certain bill payment apps are restricted to specific regions and countries. They make it difficult for merchants to enhance their business relationships across the globe.
Fortunately, Shopify’s Bill Pay App has no geographical limitations and enables you to pay vendors worldwide.
This allows you to significantly improve your business relationships beyond the USA market and provide uninterrupted service 24/7.
- Make sure to stay up-to-date with your invoices
Losing or misplacing your bills may cause you to miss deadlines and incur late fees. To avoid such issues, you and your vendors can send invoices to your designated email address, allowing you to monitor all your bills easily.
With Shopify Bill Pay, you can quickly review and pay your invoices. Your invoices will be located in one central location, organized and ready for you to schedule payment. It’s convenient and hassle-free.
- All individuals pay and receive payments in their preferred manner
It’s common for vendors to prefer payment via check, which is perfectly acceptable. The Bill Pay App allows you to make seamless check payments to your vendors easily. Additionally, there are other payment modes available for your convenience.
- Credit and Debit card
- ACH Bank Transfer
- Shopify Balance
- International Wire Transfer
The flexibility in payment methods makes the App more dependable and strengthens the vendor’s relationship with merchants, ensuring everyone’s needs are met.
Maximize Your Experience With Shopify Bill Pay
- Earn rewards and cashback using your credit card
Shopify Bill Pay allows you to pay your bills and earn rewards and cashback, even if credit is not accepted. Paying through this method is secure.
It also provides cash flow flexibility, ensuring faster payment processing times than other payment methods. In addition, you can accumulate points as you pay your bills.
- The Payment scheduling feature won’t let you miss any payment
With this Bill Pay App, you can schedule payments to be sent closer to the due date. It helps you avoid early payment cash flow issues or late fees.
It helps ensure your vendors are paid on time, improving your vendor relationships. Such a small yet essential gesture leads to better terms in the future.
- To avoid transaction fees, use Shopify Balance to pay your bills
Try using Shopify Balance to save on transaction fees. With this medium, you can pay bills like utilities, rent, contracted work, purchase orders, and more. The best part is receiving cash back and gift cards on each transaction.
- For seamless workflows and reconciliation sync to QuickBooks online
You can try syncing the Shopify Bill Pay with QuickBooks online to keep your account up-to-date while reducing manual administrative tasks.
Once it completely syncs, all your essential data, like scheduled, unpaid, and paid bills from the Bills Pay App, will appear in your QuickBooks account.
This results in significant savings and reduces the chances of errors that can occur with manual entries.
Pay any business using your preferred payment method today
Merchants seeking a convenient way to handle business payments can rely on the Shopify Bill Pay App. This efficient solution allows for easy setup and operation, ultimately saving time.
By consolidating all payment management in one place, it also assists in maintaining cash flow without the need for multiple tools.
One of its prominent benefits is that it helps you concentrate on developing your brand image and expanding your business by offering various payment choices.
If you require assistance with installing and setting up the Bills Pay App by Shopify, you can reach out to Metizsoft Solutions, a certified Shopify App Development Agency.
