Forwardly Introduces “Pay by Credit Card” Option for B2B Payments Platform
Forwardly, a leading business-to-business (B2B) payments platform, has just announced a game-changing new feature that is set to revolutionize the way small and medium-sized businesses (SMBs) manage their finances. The platform has added a “pay by credit card” option, allowing businesses to accept card payments for outstanding invoices from clients and make card payments to vendors and contractors.
According to a press release from the company, this new feature aims to provide SMBs with the financial tools they need to succeed. Nick Chandi, CEO and co-founder of Forwardly, stated, “In addition to faster payment options such as instant payments and same-day ACH, we are excited to introduce credit card payments, further increasing the financial flexibility available to small businesses.”
Accepting credit card payments not only caters to client preferences but also helps reduce debtors, streamline workflow, and automate reconciliation. Many clients prefer the flexibility and convenience of paying by credit card. Additionally, paying business bills to vendors and contractors with cards provides benefits such as rewards, fraud protection, and the ability to manage cash flow by delaying bill payments.
Forwardly’s solution supports all major credit cards, ensures the secure storage of credit card information, and enables businesses to add unlimited team members and establish bill approval workflows at no cost. Existing and new users can begin accepting card payments for their businesses after completing a quick five-minute onboarding process.
By enabling credit card payments, Forwardly empowers small businesses to cater to their clients’ preferences, potentially increasing customer and vendor satisfaction and retention. The platform was launched by ForwardAI in June 2023 as a B2B payments platform designed to help SMBs get paid faster, save money on processing fees, and streamline workflows.
Overall, this new feature is set to make a significant impact on the way SMBs manage their finances, offering them greater flexibility, convenience, and efficiency in their payment processes.
