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PayPool launches new B2B payment service

Tuesday 10 January 2017 | 01:13 PM CET

PayPool, a new B2B payment services company, has launched its new bulk payment service for organisations with one-time or frequent payment requirements.

The company will provide both bulk payment distributions and custom payment services to meet the requirements of its clients.

The PayPool process is:
• Users upload an electronic file containing payment data to PayPool using a secure login.
• The PayPool system validates that the data is compliant and contains all necessary information.
• Payments are then processed and distributed to all payees via check, electronic payment, or a mix of both.
• Custom requirements - such as the inclusion of data or documentation for mailing - are incorporated into the solution.
• Clients have access to all data, documentation, and transaction history in the PayPool portal.

PayPool can distribute payments of any volume, via multiple data formats, for a one-time project or on a recurring basis. Also, PayPool is appropriate for many industries and payment needs, such as refunds, rebate cheques, and insurance pay-outs.

Founded in 2016, PayPool provides bulk payment processing and custom payment distribution services for organisations of all sizes.

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