Global Payment Systems for Business Growth

Questions and Answers

It reduces manual filing

Slower-growth small businesses with low payment volumes and simple domestic-only remittance

Because it is a wire payment method

Ability to handle complex global payment processes Signup and view all the answers

USD only Signup and view all the answers

Individual payments are capped at $15,000 Signup and view all the answers

Faster payments and greater flexibility in payment options Signup and view all the answers

Recognizable brand presence among SMBs and bookkeepers/accountants Signup and view all the answers

Because BILL relies on pulling funds one by one from the client's account as an ACH pull Signup and view all the answers

Year-end withholdings and W-9/W-8 tax collection and validation Signup and view all the answers

$114M Signup and view all the answers

Costs increase for mid-sized clients Signup and view all the answers

Lack of phone support and inexperienced associates Signup and view all the answers

Tipalti is more suitable for high-growth small businesses with complex global payment processes Signup and view all the answers

A markup on FX fees Signup and view all the answers

Touchless invoice processing with header and line level OCR Signup and view all the answers

Study Notes

Tipalti is suitable for businesses with complex global payment processes, financial controls, tax, and regulatory compliance, and a multi-entity environment.
BILL is limited for slower-growth small businesses with low payment volumes and simple domestic-only remittance.

BILL is suitable for slower-growth small businesses with a few suppliers to pay.
Tipalti is suitable for businesses with hundreds of suppliers, offering automation of the entire payables workflow, mass batch payments, and financial, tax, and regulatory controls.

Recognizable brand presence, especially among SMBs and bookkeepers/accountants.
2.5M+ network members, 100K+ customers, and $120B+ payments per year.
Integrations with NetSuite, QuickBooks, Xero, and Intacct.
Low cost, with pricing by users and transactions.
Free trial and self-guided tours.
AP/AR & Connect platform supports both, with access to BILL functionality from online banking portals.
Licensed in all 50 states, with a mobile app for iOS and Android devices.
Unlimited online document storage.

Limited cross-border payments, with a maximum of 137 countries via wires, prone to fraud.
"Free" wires in local currency, but with marked-up FX fees instead of a transaction fee.
No international check payments, and no longer supports PayPal as a payment method.
International payments only for US-based companies with a US bank account, supporting only USD as funding currency.
Payment limits, with individual payments capped at $15,000, and no fee splitting.
Slow payments, with delays due to ACH pull, and a minimum of 7+ days for funds to clear.
Poor support, with lack of phone support and inexperienced associates.
Float revenue of $114M for FY2023, earned from interest on customer funds held in trust.