Bringing a new addition to its financial solution for merchants, Shopify introduces a new tool Shopify Bill Pay to help merchants streamline expense management. We observe it as a big-time saver and an accelerator for smooth business.
With the growing number of payment methods in a booming business, managing invoices can be a tedious task.
Therefore, streamlining administrative duties, such as expense management and payment methods becomes crucial for organizations to optimize their time. The Shopify Bill Pay will certainly prove beneficial in this regard.
In this blog, we will look into how the Shopify Bill Pay tool impacts our businesses and also look into its features and benefits. Let’s get deep insights into this tool. Read on!
How Shopify Bill Pay impacts our Businesses
Shopify expanded its support to fintech solutions with the Shopify Pay Bill tool. Here merchants can pay directly to vendors in the Shopify admin dashboard without subscription fees.
Shopify Bill Pay moves us one step closer to realizing our goal of improving commerce for all by giving retailers more time to invest in their companies.
Shopify Bill Pay has brought a completely new experience for merchants. The hassle created by the overwhelming inventories, preparing stocks, and keeping a record of each vendor’s payment requirement, etc. is all sorted by this Shopify tool. Initially, Shopify Bill Pay is available to U.S. merchants.
Features that influence merchants:
Shopify Bill Pay seamlessly connects with Shopify Balance. The major features are:
- No subscription or sign-up fees required
- Free payment through ACH transfers and Shopify Balance accounts are available to merchants.
- It provides holistic views of the store’s financial health.
How does the Shopify Pay Bill benefit the retailer?
The major benefits we will experience after using Shopify Bill Pay are:
- Use your Shopify admin dashboard to schedule, pay, and manage B2B payments
- Enjoy your preferred payment method selection like pay with credit, even if your vendor doesn’t accept it.
- Your bill pay dashboard allows you to filter, sort, and schedule current and future payments.
- Uploading expenses via email and images
Wrap Up
That was the latest buzz from the Shopify world that will undoubtedly help enterprise retailers to save time and give the best experience for their customers, ultimately leading to increased sales and revenue.
If you liked the update, stay tuned for more, and do not forget to install the Sync Made Easy app from Salesforce AppExchange. Install now!
