PayPal rose to popularity because of the convenience it offers customers, both business owners and their customers or vendors, when it came to monetary transactions. Unfortunately, PayPal for business owners can cost a vendor 3% of transactions processed through PayPal. So $300 of your $10,000 invoice is taken by PayPal. However, those who take advantage of the seamless integration of PayPal with Bill.com can end up saving thousands of dollars in transactions through one amazing loophole.
While many people praise Bill.com for the way it processes bills quickly and easily, you can also use it to handle those same bills through PayPal by connecting your account to the Bill.com system. Customers often prefer to pay this way because of the ease of use. There’s a bonus for your business too: because the money is transferred via ACH, the payment won’t cost PayPal’s 3% fee. Instead, you’ll only be charged Bill.com’s vastly superior $0.99 per transaction. This clever little exception is the reason businesses who process payments primarily through PayPal should be taking great advantage of Bill.com right now to avoid wasting thousands.
Think of Bill.com as not only a great tool for business but also an investment to help your business thrive. That money you save on transactions can go to any number of different things to help your business continue to grow.
If you want more information on Bill.com and how it can help your business thrive–even if you don’t use PayPal for transactions, contact us today.