B2B Payments

White Labeled E-Invoicing Portal Now Available

Heartland Payment Systems and VersaPay Corporation are offering a new payment portal service directly to small and mid-sized companies for invoicing customers. Small and mid-sized companies won’t have to go through their banks to offer invoicing services to their clients.

Payments processor Heartland Payment Systems has teamed up with VersaPay Corp., a provider of electronic invoicing services, to offer directly to client companies an online portal for managing the preparation and sending of invoices to customers.

Heartland will resell the VersaPay ARC eInvoicing system to deliver invoices for Heartland’s clients through an online portal branded with the seller’s name. Customers receiving the invoices have the option to pay via credit or debit cards as well as by paper check or bank transfers via ACH.

“Paper invoices typically cost a few dollars to process from end to end, and it can take thirty to ninety days to receive payment,” says Kris Herrin, Heartland’s chief of emerging products. With VersaPay ARC eInvoicing, each invoice costs less than a postage stamp to process and payments are received days or even weeks earlier.”

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The September 2020 Leveraging The Digital Banking Shift Study, PYMNTS examines consumers’ growing use of online and mobile tools to open and manage accounts as well as the factors that are paramount in building and maintaining trust in the current economic environment. The report is based on a survey of nearly 2,200 account-holding U.S. consumers.

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