Feature Release: Introducing Payment Processing for Vendors with Clearing

Keep vendor payments and mass expense payments simple and intuitive by using Clearing. Create an account today and leverage quick and secure transitions now.

August 18, 2023


Feature Release: Introducing Payment Processing for Vendors with Clearing

Clearing has just made vendor payments, and taking care of multiple expense payments, much easier.

Our new payment processing update will now allow you to make domestic bank-to-bank payments to your vendors or utility providers. With this feature, any kind of expense can be paid using the Automatic Clearing House (ACH) payment network. Further to this, all expenses can be centralized and tracked in Clearing, including those from other bank accounts or your business credit cards.

Those involved in Short-Term Rentals know that property financial management, bookkeeping, and trust accounting are not jobs that should be taken lightly. They come with significant challenges; oftentimes, these challenges present themselves in the form of handling vendor or expense payments.

As a Short-Term Rental business owner, you have mass expense payments, vendor payments, and all sorts of different transactions going in and out of your bank accounts. Making multiple payments takes a lot of that time and is a process that’s prone to human error. Sending money to the wrong person is just one example of how such errors may occur.

But all these problems are a thing of the past - that is, if you’re using Clearing! If you're not... Book a demo today!

Clearing’s new payment feature has made making multiple payments as simple and intuitive as it can get. Use your main balance in Clearing to make vendor payments, mass expense payments, or any other money transfer out of the account as desired. Whether you want to make multiple payments at once or transfer funds between accounts, Clearing’s got you covered.

As a property manager, you have many different vendors and a ton of different expenses that you need to pay for on a month by month basis. Having to make and manage so many payments can be stressful, but not for those using Clearing.

At Clearing, we help you make these payments within seconds and use the Automated Clearing House (ACH) payment network to ensure safe and fast rental business expense payments.

See our associated knowledge article to learn more about how to set up payments for vendors within Clearing!

Clearing is a Financial Technology Company, not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.

Check out other articles