In this article:
Intro:
We at PayMe have developed a system that allows our customers to transfer funds to their suppliers.
The funds will be transferred from PayMe accounts to each other via the "transfer between wallets" method.
The payment can be set for a specific date, depending on what the business has defined.
FAQ:
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How much does the service cost? The service is provided free of charge to PayMe customers who wish to transfer payments to suppliers / businesses / freelancers with whom they work. |
| Can I make a future payment (Deferred payment)? Yes! If you are used to paying your suppliers with deferred payment, you can simply enter a future date for payment and we will charge you on the desired date. The supplier will be notified of the payment now and we will even offer him the option to receive a discount from us. |
| How did the supplier know I had transferred money to him? We will send him an email and an SMS informing him of receipt of the payment. The supplier confirms and receives the money to his bank account on the next business day. |
| How do I know that the payment is received? We will send you an email that the vendor has confirmed the payment and the money has been transferred. In addition, you can see the payment status on the "Send Payment" page on your dashboard. |
| Can I send a link to request payment from a customer? Yes! On the main page - click on "New sale" => "Send request for payment" => and select the option to transfer between wallets. |
| Can I use the service to pay salaries? Yes! An increasing number of businesses already using the service in order to pay salaries in varying amounts for their employees, without having to wait for the sells money to reach the bank account. |
| What happens if I don't have sufficient balance in the account? If you transfer a payment and you do not have sufficient balance - we will collect the remaining amount with 'bank account debit' or credit card. |
| What are the benefits of making the payment through this page? 1. You do not have to wait for the clearing money to reach the bank account in order to pay the suppliers. 2. You can set an immediate payment or payment for a future date (differed payment). 3. Automatic recurring payments can be set (week / month / year). 4. Convenient operation by entering an email address and phone number, can even be paid directly from the Excel file that collects all the information of the supplier. 5. The payee can decide whether to receive the money at the due date to the bank account or get a discount with the click of a button. |
| I am not receive my clearing payments through PayMe, can I still use the service? Yes! All you have to do is sign a digital form. Create a payment today and the form will be sent to you by email immediately. |
| Can I transfer foreign currency? Yes! Payments can be transferred in shekels, US dollars and Euro. |
| Is it possible to transfer money abroad? At this stage, we can only transfer to Israeli bank accounts, we are working on further improvements. |
| Is it possible to make a payment or request payment via an API or integration with another system? Yes! We have an API that allows you to perform all the operations. In addition, we have integration with Excel & Google sheet files. We are always happy to connect to other software - contact us at b2b@payme.io so we can help you. |
| I have another question that does not appear here Send us an email to b2b@payme.io and we will be happy to help. |
How does it work?
The service allows PayMe's customers to transfer payments to their suppliers, following services they have received from them.
Depending on the customer's choice, the payments can be sent as a one-time payment or as a monthly/weekly payment.
The system makes it possible to transfer payments between PayMe wallets, set the requested payment due date quickly, and see all transfers made to suppliers conveniently and clearly within the system, in the "Supplier Payments" table - all in one place.
How to use it?
Receiving payment from a customer -
Once a PayMe customer chooses to use the "Supplier Payments" service to forward the payment to you, an email is automatically sent to your email address with all the relevant payment details.
If there is no PayMe account, it is necessary to open a new account in order to receive the funds.
If a PayMe account already exists, all that is left to do is confirm the payment by Email and wait for the transfer date set by the payer.
Once the due date set by the payer has arrived, the money will be automatically transferred to my PayMe account, where the funds can be withdrawn directly to the bank account set up in the account.
The withdrawal can be made through the system via the "Balance & Payouts" tab.
Sending a payment to customer -
If you have a PayMe account, you can send payments to your suppliers.
The payment can be created through the tab "Payment to suppliers" à "Create New".
When creating a new contract, enter the details of the relevant supplier, the amount requested to be transferred, the due date, whether a one-time payment or recurring.
Once the contract is created, an email is sent to the supplier's Email address. The Email will contain all the details of the contract created by you.
If everything is in place, The supplier will have to confirm the Email. If he does not have a PayMe account, he will have to register for the system.
Once the recipient has approved the contract, another Email will be sent to the contract initiator requesting final confirmation of the contract details to ensure none of the details entered is incorrect.
What can be done in a Payme account?
In addition to receiving money from customers and sending money to my suppliers, the PayMe system offers many other options to help your business succeed.
PayMe provides secure and straightforward clearing solutions to all its customers.
Transactions can be made through the system in various payment methods (Bit, Paypal, international credit cards, etc.)
In addition, there is an app store that allows the assimilation of additional and extensive capabilities that can facilitate the business in cash flow management and day-to-day management.
Start working with PayMe today
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