Alternative Payments is a payment processing platform designed specifically for service-based businesses, enabling automated invoicing, collections, and reconciliation to enhance cash flow. By offering flexible payment options such as installment plans and ACH transfers, the platform addresses the challenges of overdue invoices and slow collection times, resulting in improved cash flow and reduced administrative burdens.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Service-based businesses often face challenges with slow invoice payments, overdue accounts receivable, and the administrative burden of managing collections, which can negatively impact cash flow. Traditional payment methods may not offer the flexibility customers need, leading to delays and increased operational costs.
Solution
Alternative Payments is a payment processing platform designed to streamline invoicing, collections, and reconciliation specifically for service-based businesses. The platform automates payment workflows, offers flexible payment options like installment plans and ACH transfers, and provides a branded B2B checkout experience. By unifying invoicing, customer payments, and reconciliation in one place, Alternative Payments helps businesses reduce overdue invoices, improve collection times, and enhance cash flow. The platform also offers integrations to automate reconciliation and simplify payment processes.
Target Audience
The primary target audience includes managed service providers (MSPs) and other service-based businesses seeking to streamline payment processing, improve cash flow, and reduce administrative overhead.
Features
- Automated invoicing and payment reminders to reduce collection times
- Flexible payment options, including installment plans, ACH transfers, and credit card payments
- Customizable, branded B2B checkout experience
- Auto-reconciliation of payments with accounting systems
- Integrations with popular business software to streamline workflows
- Automated payment processing with auto-pay functionality
- Secure payment processing with top-notch security features