Outbound Payments for Small Businesses: You can now PAY any of your vendors, customers or contractors using IPN
March 14, 2012 20 Comments
In addition to receiving payments using IPN (Accounts Receivables), you can now send payments to anyone (Accounts Payable).
As an IPN Small Business, you can send a payment to someone who doesn’t have a PaymentNetwork account (your vendor, customer, contractor, etc). It’s super easy for them to collect the funds.
To get started, log into IPN and click on “Send Payment” or “Pay Vendor” in the left nav. In the Send Payment form, type in the email address of the person you need to pay, and the amount you want to pay.
IPN will send an email to the person you’ve sent a payment to, asking them to accept the payment. This is a one-time step your vendor has to do. Thereafter all future payments are directly deposited into a bank of their choice.
Please try this service out and tell us what you think!
Your IPN team