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 businesses have specific business requirements, it is only wise that they steer clear of adopting a one-size-fits-all, ”best” software. Nevertheless, it would be difficult to come across such application even among recognizable software products. The logical step to do would be to write the varied chief functions that call for a deliberation including major features, pricing, technical skill aptitude of staff, organizational size, etc. The second step is, you should do your research comprehensively. Go over some of these Balance reviews and explore each of the software products in your shortlist in detail. Such comprehensive research ensures you keep away from ill-fitting applications and subscribe to the one which delivers all the function your company requires.
Position of Balance in our main categories:
TOP
50
Balance is one of the top 50 Payment Gateway Providers products
If you are considering Balance it may also be a good idea to analyze other subcategories of Payment Gateway Providers collected in our base of B2B software reviews.
It is important to realize that almost no app in the Payment Gateway Providers category is a perfect solution able to match all the requirements of various business types, sizes and industries. It may be a good idea to read a few Balance Payment Gateway Providers reviews first as specific software may excel only in a really small set of applications or be designed with a very specific industry in mind. Others may operate with an idea of being simple and intuitive and as a result lack complicated elements welcomed by more experienced users. There are also apps that support a large group of users and provide a rich feature set, however that in most cases comes at a more expensive cost of such a software. Make sure you're aware of your needs so that you get a service that has all the features you look for.
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 are aware that when you decide to buy a Payment Gateway Providers it’s crucial not only to see how professionals evaluate it in their reviews, but also to check whether the real people and enterprises that bought these solutions are indeed satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Balance reviews across a vast array of social media sites. The information is then featured in an easy to digest form indicating how many users had positive and negative experience with Balance. With that information available you will be equipped to make an informed business 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
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