What are the supplier benefits for accepting virtual cards?

There are several benefits for a supplier.

• Speed of payment: Funds from virtual card transactions are usually deposited in the supplier’s bank account in 2 days or less from the transaction approval. There's no need to chase delinquent payments or bounced checks.
• Faster pay from buyers: Often, buyers offer suppliers more favorable payment terms to accept virtual card payments, such as immediate payment of invoices, or net 10 instead of net 30/45/60 for other forms of payment.
• Security: Virtual card transactions have little to no fraud. Virtual cards eliminate the need for suppliers to share their bank account data with you.
• Better relationships: Suppliers who agree to your preferred form of payment forge stronger long-term business relationships.