PaymentWorks is a free service for vendors and payees to register, provide, and manage their information with their customers. There are no costs or fees associated with the standard registration process.
Are There Any Optional Fees?
While the standard PaymentWorks services are free, there is an optional service called EarlyPay that includes a fee:
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EarlyPay Overview:
- EarlyPay allows you to receive payment as soon as your invoice is approved, rather than waiting for the payment term to expire.
- This service provides faster access to funds, helping to improve cash flow and reduce delays.
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Fees for EarlyPay:
- A fee is applied based on how quickly you choose to receive your payment.
- The fee structure is on a sliding scale and is detailed in the EarlyPay terms.
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Optional Participation:
- EarlyPay is entirely optional.
- If you do not opt into EarlyPay, you will not incur any fees and will receive payments according to your customer’s standard payment terms.
Key Takeaways
- No Standard Fees: Registering and using PaymentWorks is free for all vendors and payees.
- Optional EarlyPay Fees: Fees only apply if you choose to participate in the EarlyPay service.
For more information about EarlyPay and its fee structure, refer to the EarlyPay Fee Schedule.