B2B Payments

Tipalti Upgrades PayPal Supplier Payments

B2B

Tipalti, a B2B payments company, has upgraded its PayPal services to allow its customers to use PayPal payments with suppliers more easily, the company said in a news release.

“This new integration takes advantage of the newest PayPal Payouts capabilities. The enhanced integration enables greater control and messaging exchange for partners on a more scalable, service-oriented architecture,” the company said. “We’re excited to be at the forefront of this program, and believe this innovation is a tremendous step forward that will bring even great value to our clients and their suppliers.”

Tipalti explained that in all kinds of businesses, including eCommerce, gaming and online marketplaces, and where payments are less than $500, there’s a preference for PayPal, so the company wanted to capitalize on that.

Also, PayPal is easy to add for businesses that have more traditional models and it can assist in paying vendors and suppliers.

“The challenges for finance and accounting departments at companies which offer multiple payables payment methods can be overwhelming, including managing distinct method-specific accounting processes including partner onboarding, payment approvals, oversight and governance, funding, and currency management,” the company said. “This creates enormous friction and can introduce errors if the business doesn’t have the robust processes and staff to handle higher volumes.”

Tipalti said it is now a single source of control with both PayPal and traditional bank-type payments. Tipalti can also eliminate the need to log into various different portals in order to get a payment run executed.

“Payees who work with our customers can also choose to get paid in local currency directly to their PayPal account during the Tipalti onboarding process,” the company said. “The process is simple, and, in a matter of clicks, thousands of suppliers can be paid via PayPal regardless of the currency selected.”

Saying the upgrade will allow PayPal payments to have “the same seamless, integrated approach” it offers with other payment methods, the company said it is “proud that this upgraded offering of PayPal services helps accelerate our innovation by eliminating financial operations complexity for our customers.”

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