Payment Rails is an accounts payable software ideal for businesses with medium to high-volume accounts payables. It provides end-to-end support for AP processes, from white-label email confirmations to payment handling and bank account validation. With a simple and easy-to-use user interface, the software allows you to send payments to anyone in more than 200 countries.
The solution also features the right infrastructure for cross-border payments, enabling your business to easily handle international transactions. Payment Rails lets you make mass payouts to customers in over 200 countries without setting up complicated banking relationships and subsidiaries. It also allows you to automate payment collection, disbursement of mass payments, and validation of banking information.
With Payment Rails, you can manage multiple currencies and local payment methods and maintain liquidity in your accounts. This helps ensure timely delivery of payments, happy vendors and contractors, and frees up working capital. In addition, the solution gives you access to a network of over 135 currencies, as well as global and localized banking networks in more than 60 countries.
Tax compliance is another function of Payment Rails, allowing you to pay your independent contractors and freelancers while adhering to IRS regulations. It lets you collect tax forms and validate and determine tax withholding. The platform also streamlines the entire W-8BEN & FATCA and W-9 & 1099 process with year-end tax reporting, payouts, withholding calculations, and digital tax form collection and validation.
Payment Rails is available in three pricing plans: Grow ($49/month), Platform ($199/month), and Enterprise (by quote). Each plan includes unlimited users, recipients, and payments, as well as dashboard access and REST API access.
Show MoreWhite-label Recipient Onboarding
Payment Rails provides several methods for self-serve, white-label recipient onboarding. Merchants embed an onboarding Widget into their own web or mobile application. Alternatively, they can set up a Portal with their own branding in less than 5 minutes and send recipients to the Portal to capture payment and tax details.
White-label Email Confirmation
As part of its recipient management function, Payment Rails allows you to automatically send emails to your recipients every time you send a payment to them. With a full white-label email setup, the solution allows you to customize your emails and brand them with your company colors and logos.
Minimize Returned Payments
Payment Rails comes with plenty of automation features for handling returned payments. The solution automatically sends notifications to your recipients to resolve any issue they are having with their payments. Your recipients will then be asked to log in to their profile and update information in their account. Until this is done, Payment Rails hold off any future payments to prevent additional returns.
Manage International Payments
Payment Rails is built for handling payouts to vendors across the world, allowing you to easily handle international payment transactions. With access to a network of more than 135 currencies, as well as global and localized banking networks, Payment Rails delivers an unrivaled global payout experience.
Automate Payment Processes
Payment Rails simplifies payment automation. It lets you automate the disbursement of mass payments, validation of banking information, and recipient communication. The solution also streamlines onboarding and user verification, ensuring that you are in compliance with various banking standards, complex infrastructures, and stringent laws and regulations.
End-to-end Bank-Level Security
Using AWS and 256-bit bank-level security, Payment Rails ensures that all your data and banking information are kept in a secure place. The solution features built-in tokenization to maximize security for sensitive information such as social security numbers, government IDs, and bank account and debit card numbers.
Ensure Compliance with Standard Regulations
Payment Rails leverages AI and matching logic to address counter-terrorism financing and anti-money laundering concerns. The solution also comes with a built-in compliance engine that allows you to screen recipients against all the necessary global watchlists.
Show MorePayment Rails Pricing Plans:
$49
$199
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Payment Rails Pricing Plans:
Free Trial
Grow
$49
Platform
$199
Enterprise
Contact vendor
Payment Rails is available in three enterprise pricing plans: Grow ($49/month), Platform ($199/month), and Enterprise (by quote). More details on each plan are discussed below:
Grow – $49/month
Platform – $199/month
Enterprise – By quote
We are aware that when you decide to purchase a Accounting Software it’s vital not only to learn how experts evaluate it in their reviews, but also to find out whether the actual clients and companies that purchased it are genuinely satisfied with the service. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Payment Rails reviews across a broad array of social media sites. The data is then presented in a simple to digest way revealing how many customers had positive and negative experience with Payment Rails. With that information at your disposal you should be ready to make an informed purchasing decision that you won’t regret.
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Payment Rails can be integrated with the following applications:
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