BILL Enables Enterprise Suppliers to Collect from Any SMB
BILL has introduced significant enhancements to its Supplier Payments Plus program, allowing large enterprise suppliers to accept card and ACH payments from any Small and Medium-sized Business (SMB), regardless of their BILL account status. This innovative solution streamlines the payment process by automatically converting paper checks into digital transactions and directly depositing card payments into supplier accounts.
Eliminating Friction in Payment Collection
The latest expansion, announced on April 9, 2026, focuses on Payment Links, a feature that enables suppliers to send secure payment links to SMBs, eliminating the need for account registration or portal logins. This approach simplifies the collection process, ensuring that enterprise suppliers can collect payments from thousands of SMB customers efficiently.
Unlocking a Closed-Network Assumption
Traditionally, B2B payment platforms have operated on a closed network, where only members could transact directly with each other. BILL’s new initiative challenges this assumption by allowing non-members to participate in the network, fostering inclusivity and enhancing collection capabilities for enterprise suppliers.
Streamlining Payment Management
With Payment Links, suppliers can manage all incoming payments from both BILL members and non-members through a single dashboard. This unified platform ensures that payment preferences and settlement controls are applied consistently across the entire customer base, eliminating the need for separate processes based on account status.
Automating Payment Settlement
In addition to Payment Links, BILL offers Card Straight-Through Processing, which automates card payment settlements by directly depositing funds into supplier accounts. This feature reduces manual processing and exception handling, streamlining the overall payment workflow.
Optimizing Payment Preferences
Suppliers can set customizable payment rules based on their preferences for different payment methods, prioritizing speed or cost. These settings result in a seven-day acceleration in collection times, reflecting the optimal balance between transaction speed and associated costs.
These advancements by BILL underscore its commitment to revolutionizing B2B payments, fostering seamless transactions, and enhancing efficiency for both suppliers and SMBs alike.