Nexus Virtual Card Payments
Your suppliers want to be paid securely and quickly. You want to reduce your reliance on costly and time-consuming checks. So, why not pay them with Nexus Virtual Card?
As part of its automated AP platform, Nexus can pay your suppliers – both big and small – with emailed virtual cards. Funds are guaranteed. Conversations about the “check is in the mail” are avoided, fraud risk is diminished, and you can cut 30% fewer checks in just 10 weeks. Plus, you can even get rebates from the spend.
What is a Nexus Virtual Card?
A Nexus Virtual Card is a credit card that exists electronically, not on plastic. It contains a randomly generated, 16-digit credit card number that’s unique to every card. Each Nexus Virtual Card number can only be used to pay for a specific transaction.
Nexus will send it via email to suppliers who opt-in to this payment method.
Provides Rebates and Lowers Fraud Risks
Nexus Virtual Cards offer buyers multiple benefits including:
Suppliers Easily Process Nexus Virtual Cards
Your suppliers – painters, repairmen, locksmiths, general contractors, and all others – can easily process their Virtual Cards. All they do is run the numbers through their Point of Sale terminal, and the money is deposited directly into their checking/bank accounts.
Suppliers run the numbers through their Point of Sale terminal.
The money is deposited directly into their checking/bank accounts.
Offer Advantages to Suppliers
With Nexus Virtual Card Payments, suppliers enjoy:
Suppliers Can Easily Opt in to Virtual Card Payments
Nexus makes Virtual Card payments very attractive for its suppliers. Using the NexusConnect online portal, suppliers can easily sign up to receive this payment method from their current and future customers.
They can also view:
- Processed and unprocessed payments
- How many Virtual Card payments they receive in a month/year
- Invoices paid with Virtual Card payments
- Their many customers offering Virtual Card payments
Nexus Virtual Card Community – Real Estate Focused
Because Nexus focuses so heavily on real estate, it already has a large number of suppliers – serving this vertical – who have opted in to the Nexus Virtual Card Payments program.
Nexus is always adding additional suppliers with ongoing outreach programs.
Nexus performs continuous outreach campaigns to convert suppliers from check to Virtual Card payments