Merchant payments can be difficult—until they aren’t.
Blog post from Basis Theory
Merchant payments cover a business’s outbound financial obligations, including payments to suppliers, vendors, partners, and customer refunds, and are the cost-side counterpart to inbound customer payments. Businesses are increasingly replacing paper checks with electronic payment methods to reduce administrative work, improve cash-flow visibility, strengthen supplier relationships, and accommodate recurring transactions, with Same-Day ACH volume rising 67% in the third quarter of 2024. Available automation options include accounting software vendors such as QuickBooks, NetSuite, and SAP; plug-ins such as Versapay and Paystand; standalone platforms such as Bill.com and Tipalti; and token orchestration providers such as Basis Theory, which vault sensitive data and provide integrations while reducing PCI compliance burdens. As digital payments expand, protecting card and payer information remains essential, illustrated by creator platform Passes, which abandoned plans to build its own cardholder data environment after recognizing the operational, training, audit, and security demands involved.
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