Faster Payment Options
As you build a payment history with IPA, additional delivery options may become available for eligible Automated Clearing House (ACH) and check payments. Processing fees apply to faster payment options. For current fees, see Bill Pricing and Fees.
To make payments, go to Transactions > Payables > Pay Single Vendor. For more information, see Paying a Single Vendor Through BILL.
When a payment is eligible for additional delivery options, the following options appear in the Payment Delivery Option field on the Bill Payment page:
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For checks:
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Regular Check ($1.99)
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Overnight Check Delivery ($24.99)
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2-Day Check Delivery ($19.99)
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3-Day Check Delivery ($14.99)
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For ACH payments:
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Regular ACH ($0.59)
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Pay Faster ACH ($11.99)
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As your eligibility increases, more options become available in the Payment Delivery Option list.
These options help you process time-sensitive payments. Submission deadlines and fee information are displayed during payment processing.
Faster payment options are available only for eligible U.S. vendors and eligible subsidiaries or companies. Faster payment options are not available for future-dated payments or payment runs.
Faster Payment Eligibility
Faster payment options are available when:
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The vendor has at least one paid Intelligent Payment Automation bill payment with the vendor's preferred payment mode.
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The selected subsidiary or company has at least five paid Intelligent Payment Automation bill payments.
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The vendor is not connected to the BILL network and receives payments based on the payment details available in the vendor record.
Faster Payment Option Cutoff Time and Limits
The following lists details about faster payment delivery option cutoff times:
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For checks, submit by 12:00 PM PT for next-business-day processing. Payments after the cutoff are scheduled for the following business day.
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For ACH payments, submit by 10:00 AM PT (UTC-8) for same-day processing, or by 6:00 PM PT for overnight delivery with next-business-day processing. Payments after 6:00 PM PT are scheduled for the following business day.
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The maximum payment amount is $50,000. If you need to pay more than the maximum amount, switch to regular payment delivery options.
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If the total payment amount processed for your organization in the last 3 days exceeds $150,000. Any new payment with a faster delivery option you create may fail unless BILL has approved a higher limit for your organization. You can contact BILL directly to increase your limits.
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If a payment you process using faster payment delivery options fail, you will receive an email that indicates the error received from BILL.
Important Things To Note When Processing Payment
When processing payments, note the following:
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For ACH, payments should be submitted to BILL before 6:00 pm Pacific Time (UTC - 8) to be processed the same day. Payments submitted after 6:00 pm Pacific Time (UTC - 8) are processed by BILL the next business day, according to their payment schedules.
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If you update the default billing address during a payment, the check is still sent to the address set as default before payment creation.
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You can't edit the vendor record when there are payments in progress for that vendor.