Balance Review
What is Balance?
Balance is a B2B payment platform, making it easy to pay and accept all B2B payments. They offer dedicated payment solutions for B2B e-Commerce, marketplaces, service providers, SaaS, and merchants, addressing the specific B2B payment challenges for each vertical. You can easily and seamlessly implement Balance as a self-service B2B checkout solution or integrate it with your website or eCommerce platform.
Balance gives you the flexibility of setting up various B2B payment methods and mechanisms. Clients, resellers, or buyers can make subscription, milestone, recurring, net term, or installment payments via wire transfer, ACH, credit card, or check.
Furthermore, it has payment automation features. Their net terms financing offers a “Buy Now, Pay Later” service for B2B, where sellers get paid now by Balance, and Balance handles the customer payment collection for you. You’ll be able to automate invoicing, reminders for overdue payments, payment consolidation from multiple channels, make vendor payouts, and reconciliation.
With their Net Terms financing, Balance permits you to create and offer flexible payment terms and immediately process approvals for such terms without risks. Lastly, you can gain insights into your business operations, financial transactions, and revenues through unified analytics and reports.
Show MoreOverview of Balance Benefits
Payment Flexibility
Balance provides you with the opportunity to offer clients, resellers, or buyers different payment methods and mechanisms to address their specific needs and give them versatile and hassle-free B2B payment experiences. They can send their payments through standard or instant ACH settlements, bank wire transfers, or level-1 credit card processors. You can even accept mailed paper checks using safety deposit boxes.
Balance supports settling and collecting payments in the form of subscriptions, installments, or time/event-based milestones. You can also allow buyers to pay within specific periods of time and automatically charge their accounts on or before the due dates. They can make payments in any way they want wherever they are.
Streamlined Payment Operations
With Balance, you’ll be able to run your payment operations without deploying a large back-office workforce. Through its payment automation capabilities, your current staff can handle large volumes of transactions across various channels with little time, money, and effort involved. For instance, they can automatically send invoices to clients or buyers, route payments to the right accounts, and check inbound payments against their corresponding transactions and invoices.
Additionally, the B2B payment platform streamlines how you process and manage payouts for multiple vendors or resellers. Payouts are instantly credited to the appropriate vendors’ accounts. You can consolidate and track all vendor payouts in one place as well.
Risk-Free Term Approval
Balance aids you to automate the process of approving clients or buyers for payment terms without putting your business at risk. Using its built-in financing engine equipped with advanced machine learning algorithms, different financing partners can access, review, and approve your clients’ or buyers’ credit ratings in just a few seconds.
Aside from enabling risk-free financing, this capability shortens your sales cycle times. Without requesting assistance from your finance team, sales agents can immediately get the term approvals they need for closing deals with eligible clients or buyers.
Show MoreOverview of Balance Features
- Payment Methods & Mechanisms
- B2B Payment Automation
- Instant Invoicing
- Omnichannel Settlement
- Payment Reminders
- Reconciliation
- Vendor Payouts
- Term Approval
- Hosted B2B Checkout
- Website/E-Commerce Integrations
Awards & Quality Certificates
Balance Position In Our Categories
Knowing that companies have distinctive business-related wants, it is only wise they abstain from purchasing an all-encompassing, “perfect” solution. Having said that, it would be difficult to try to discover such an app even among popular software systems. The right thing to undertake can be to jot down the several main factors that demand research including major features, costing, technical skill capability of staff members, business size, etc. The second step is, you must conduct the research systematically. Go over some of these Balance evaluations and check out each of the software options in your list in detail. Such comprehensive product research ascertains you avoid mismatched apps and subscribe to the system that has all the function your business requires to realize efficiency.
Position of Balance in our main categories:
TOP
50
Balance is one of the top 50 Payment Gateway Providers products
If you are interested in Balance it could also be sensible to investigate other subcategories of Payment Gateway Providers collected in our database of B2B software reviews.
There are popular and widely used applications in each software group. But are they essentially the best fit for your company’s special wants? A popular software application may have thousands of customers, but does it provide what you require? For this reason, do not blindly invest in popular systems. Read at least a few Balance Payment Gateway Providers reviews and consider the elements that you want in the software such as the price, main functionality, available integrations etc. Then, shortlist a few solutions that fit your wants. Try out the free trials of these products, read online opinions, get explanations from the vendor, and do your homework meticulously. This exhaustive research is certain to help you choose the finest software solution for your organization’s special needs.
How Much Does Balance Cost?
Balance Pricing Plans:
Free Trial
Standard ACH
$1
Wire Transfers & Checks
$5
What are Balance pricing details?
Balance Pricing Plans:
Free Trial
Standard ACH
$1
Wire Transfers & Checks
$5
Balance doesn’t charge you with a fixed enterprise pricing plan fee. You’ll only pay processing and financing fees. Here are the details:
Payment Processing
- Standard ACH – $1
- Wire Transfers & Checks – $5
- Instant ACH – 1%
- Cards – 2.9% + $ 0.30
Financing
- Net – 30 – 2%
- Net – 60 – 4%
- Net – 90 – 6%
- Net – 120 – 8%
User Satisfaction
Positive Social Media Mentions
1
Negative Social Media Mentions
0
We know that when you decide to buy a Payment Gateway Providers it’s crucial not only to find out how professionals score it in their reviews, but also to find out whether the actual users and enterprises that bought it are indeed content with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Balance reviews across a wide range of social media sites. The information is then displayed in an easy to understand form revealing how many clients had positive and negative experience with Balance. With that information at your disposal you should be ready to make an informed buying choice that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Linux
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
- Open API
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Balance?
Balance supports website and eCommerce platform integrations. It also integrates with the following:
- Stripe
- Combinator
- Lighspeed
- SciFiVC
- UpWest Labs
Balance
is waiting for
your first review.
Write your own review of this product
ADD A REVIEWMore reviews from 0 actual users:
Join a community of 7,369 SaaS experts
Thank you for the time you take to leave a quick review of this software. Our community and review base is constantly developing because of experts like you, who are willing to share their experience and knowledge with others to help them make more informed buying decisions.
Sign in with LinkedIn
Why we require LinkedIn?
- Show the community that you're an actual user.
- We will only show your name and profile image in your review.
- You can still post your review anonymously.
OR
Sign in with company emailSign in with company email
Popular Balance Alternatives
Top Competitors To Balance By Price
Product name:
Price:
Trending Payment Gateway Providers Reviews
8.0
N/A
8.0
100%
Balance Comparisons
Product name:
Page last modified
Did you find this review useful?
Yes
No
Thank you for your feedback
How can we make this page better?
Unsure about this software?
FIND ALTERNATIVES
Why is FinancesOnline free?