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- BILL Expands Payment Options for SMBs with Faster, Easier, and More Secure Solutions
BILL Expands Payment Options for SMBs with Faster, Easier, and More Secure Solutions
Slice of Finance Team
27 Sep
Key Highlights:
New Local Transfer option: Enables faster international payments in local currency, avoiding intermediary fees.
Instant Payments: Real-time, 24/7 U.S. payment transfers maximize cash flow.
Invoice Financing: Offers quick access to capital, up to $100,000 in as little as 5-10 minutes.
Source: Business Wire
Notable Quotes:
“BILL continues to enhance our payment experiences to give SMBs more flexibility to make the payment choices businesses need and to manage and optimize their cash flow.”
“We were thrilled to discover BILL’s international payment capability Local Transfer that has helped us speed up our payments to same-day delivery.”
“BILL’s payment choices provide security, flexibility, and control for their payment needs."
Our Take:
BILL's expansion of its payment capabilities represents a significant advancement for small and midsize businesses. By streamlining international payments, offering real-time domestic payments, and enabling faster access to capital, BILL is addressing the key pain points SMBs face in managing their finances. The introduction of Local Transfer and the enhancements to Instant Payments and Invoice Financing give businesses more flexibility, improve cash flow efficiency, and reduce risk, making it easier for companies to thrive in an increasingly complex global economy.