Harness the Power of Bank Bill Payments

Published 12/5/24

Enabling and promoting all the ways to pay can significantly raise the likelihood of your payers opting for digital payments. One payment method that is often overlooked is encouraging payers to process bill payments through their banking institution. Bank bill payments are a great alternative for driving online payment adoption, especially among payers who may show hesitance towards other digital payment channels.

Here’s why payers may consider bill payments through their bank:

• Convenience: Making bill payments through their bank allows payers to manage their finances from one central location. They can schedule payments, set up automatic payments, and view payment history all from their banking account.
• Consolidation: Paying bills through the bank gives payers an overview of all their financial information in one place, making it easy to manage finances.
• Trust in Their Bank: Payers have often built a level of trust with their financial institution that makes them feel confident and secure in choosing their bank as a digital payment option.

To help boost your adoption by encouraging more bank payments, we’ve created new material in the Marketing Resource Center you can include in your next invoice mailing.

To find this customizable buckslip, search “bank” in the Marketing Resource Center.

Looking for a more efficient alternative to manually processing paper checks sent by financial institutions?  We suggest adding InvoiceCloud’s Online Bank Direct (OBD). This solution streamlines the reconciliation of bank bill payments (by auto-matching payments to invoices) making the process quick and easy.

For more information on Online Bank Direct, check out a one-minute video and other resources here.

For access to the Marketing Resource Center, email customermarketing@invoicecloud.com.