How do I set up Bill Pay for business accounts?

Here is how to sign up for Bill Pay: 

1. Sign up for a PayPal business account if you don’t already have one.  
2. Log in to your PayPal Business account and go to the Bill Pay section.  
3. Select the funding method. Already added funding sources that are eligible for Bill Pay will automatically show as funding options. You can Add and confirm additional funding sources, such as bank accounts or credit cards.  
4. Enter the details of the vendors you wish to pay.  
5. Choose your preferred delivery method (PayPal, ACH, check, or wire transfer).  
6. Schedule payments in advance or make one-time payments as needed.  

What are the types of funding sources I can use?  

Types of Funding Sources that can be used:  

• Bank Accounts: Link your bank account to fund payments.  
• Credit Cards: Use your credit card for quick and convenient payments.  
• PayPal balance: Use your PayPal balance to make payments. 

How do I link and manage my funding sources? 

Here is how to link and manage funding sources: 

To link a bank account:  

1. Go to the Funding Sources section in your PayPal account.  
2. Click Add a Bank and follow the prompts to link your bank account.  

To Link a Credit Card:  

1. Go to the Funding Sources section in your PayPal account.  
2. Click Add a Credit Card and enter your card details.  

Manage Funding Sources:  

1. In the Funding Sources section of your PayPal account, you can edit, remove, or set a default funding source. 

How do I add a new vendor? 

Here is how to add a new vendor: 

While in Bill Pay, navigate to the Vendors tab.

1. Select Add Vendor. 
2. Enter vendor payment details such as legal business name, email, and payment method preferences.  
3. Enter vendor payment delivery methods: PayPal, bank transfer, paper check or wire. 

Are there any fees to use Bill Pay?  

Yes. Visit Bill Pay for Business Accounts Transaction Rates for information regarding fees and rates.  

How can I make a payment to my vendor?

Here are the steps to making a payment:  

1. Select the vendor you want to pay.  
2. Choose the Delivery Method of the payment.
3. Add the amount you want to pay or add bill details.
4. Select the Payment Frequency of One Time or Recurring. 
5. Choose the Payment Method.  
6. Select Payment Delivery Method.  
7. Click Confirm Payment.  
8. Click Done. 

What are the available methods of payment?  

Available Methods:  

• PayPal: Funds are transferred immediately to the vendor's PayPal account.  
• ACH (Automated Clearing House): Funds are transferred via the ACH network, typically taking 1-3 business days.  
• Check: Mail a paper check to your vendor.
• Credit Card: Visa®, a business Mastercard®, or Discover®
• Wire Transfer: Funds are transferred via wire transfer, suitable for large or international payments.

How do I choose the best method of payment? 

To choose the best method keep in mind the following:  

• PayPal Instant Transfer: Best for urgent payments.  
• ACH: Best for regular, recurring payments.  
• Check: Best for vendors who prefer check payments.
• Wire Transfer: Best for large domestic payments.

Can I schedule a bill to be paid in the future? 

Yes, you can.  

How do I schedule payments?

Here is how to schedule payments:  

1. Log in to your PayPal Account. 
2. Go to the Bill Pay section.  
3. Select a Vendor: Choose the vendor you wish to pay.  
4. Enter Payment Details: Enter the payment amount and select the funding source.  
5. Choose a Date: Select the date you want the payment to be made.  
6. Confirm and Schedule: Review the details and click Schedule Payment.

Some of the benefits of scheduling payments:  

• Convenience: Automate your payment process.  
• Budgeting: Plan your cash flow more effectively.  
• Timeliness: Ensure that payments are made on time. 

How can I confirm receipt of the payment? 

Below are the current methods to confirm receipt:  

• Email Notifications: Vendors will receive an email notification when the payment is processed.  
• Transaction History: Check your PayPal transaction history to confirm the payment status.  
• Vendor Confirmation: Contact the vendor to confirm receipt of the payment.

How do I check transaction history? 

Here is how to check the transaction history:  

1. Log in to your PayPal account. 
2. Navigate to Bill Pay.
3. Click on Payments tab.
4. View transactions.

Alternatively:

1. Go to the Activity section. Select or search for your payment. You can also click Filters to narrow your search by status or transaction type. 
2. Check Status: Verify the status of the payment (e.g., completed, pending).  
3. View Transactions: Filter by date or search for specific transactions.