PayPal rose to popularity because of the convenience it offers customers.
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. Business owners and their customers benefit from Bill.com when it comes to utilizing their monetary transactions. Those who take advantage of the seamless integration of PayPal with Bill.com can end up saving thousands of dollars in transactions. This is done through one amazing loophole.
Many people praise Bill.com for the way it processes bills quickly and easily. However, you can also use it to handle those same bills through PayPal. You just need to connect your account to the Bill.com system. Customers often prefer to pay this way because of their 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 benefit from Bill.com’s vastly superior $0.99 per transaction fee. This clever little exception is the reason businesses that process payments primarily through PayPal should be taking great advantage of Bill.com right now to avoid wasting thousands.
Think of the benefit from 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. Really, the possibilities are endless.
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. We’re happy to help answer any questions you have or get you set up with a Reconciled bookkeeping service. We’re here to make your life easier.