With CommercePayments® PreferPay®, our business-to-consumer (B2C) payments solution gives your customers faster access to their funds. PreferPay® automates the life cycle management of payments from the initiation of the payment request to the delivery of the payment to the recipient.
Direct to Debit Card:
Enables payment recipients to receive funds within minutes using their Visa or Mastercard debit card.
Customers can receive funds in their band account within 2-4 business days.
Perfect for those who prefer a more traditional payment method and don’t have access to an electronic banking system.
PreferPay® prioritizes the security of sensitive information and convenience for its users, offering multi-factor authentication. These and other fraud deterrence measures and integration options make PreferPay® a reliable and flexible solution for businesses seeking to enhance their payment processes.
Accessible through computers or smartphones, PreferPay® is designed to be highly customizable. One of its key features is its white labeling capabilities — allowing businesses to fully brand the payment portal with their company colors and logos and making the payment experience seamless for payment recipients.
The best part of PreferPay® is its flexibility across multiple industries. From refunding customers to rewarding employees, PreferPay® can be used for any payment to any individual.
Insurance claim payment processing, patient refunds, clinical trial payments, earned wages
Disbursements of insurance claim payments, real estate agent payment processing
Employee incentive and recognition programs, recruitment and interview expenses
Subsidies disbursements, refund payments, unclaimed property, vendor invoice payments, contractor payments
Legal settlement payments, attorney-to client reimbursements, jury duty compensation
Customer rebates, deposit returns
Recurring or one-time land use payments
Customer refunds, rebates, daily payroll disbursements, invoice payments
Invoice payments, delivery settlement payments, daily payroll disbursements
Contractor payment processing, vendor invoice payments
Contact us today to get started.Let's talk