While Plastiq pioneered the ability to pay vendors with credit cards regardless of their payment preferences, modern B2B platforms now offer superior alternatives with lower costs, better integration capabilities, and innovative financing options like net terms that eliminate the need for credit card dependency altogether.
Resolve revolutionizes B2B payments by eliminating the need for expensive credit card processing altogether. Instead of paying 2.9% to use credit cards for vendor payments, Resolve offers net terms management with fees as low as 3.15% while advancing up to 100% of approved invoices in as soon as 24 hours.
Core Advantages:
Transparent Pricing Structure:
The platform's AI-powered accounts receivable automation uses LLMs to manage workflows, automate payment reminders, and reduce friction in collections. Unlike Plastiq's credit card dependency that can lead to debt accumulation exceeding 20% annual interest if not paid monthly, Resolve's non-recourse model means businesses never face liability.
Resolve serves thousands of businesses, with case studies showing dramatic improvements: businesses report 30-60% faster payments, 50% less time managing receivables, and 9x faster credit checks. The platform's business credit check service is completely free, requiring only a company name and address for results within 24 hours.
Bill.com processes payments for 493,800 business customers through its extensive network of 8.3 million members. While more expensive than specialized solutions, it offers comprehensive financial automation beyond simple payment processing.
Platform Features:
Pricing Model:
The platform's broad scope includes features unnecessary for businesses simply seeking payment processing, making it more complex and costly than focused alternatives.
Stripe has become synonymous with online payments, processing billions for companies worldwide. Its API-first approach and extensive documentation make it ideal for businesses with technical resources.
Key Capabilities:
Fee Structure:
While excellent for online payments, Stripe supports invoicing with net terms but does not natively finance those terms like specialized B2B platforms.
PayPal Business serves millions of merchants globally with instant recognition and trust. However, businesses face increasing fee pressure when processing large volumes through third-party providers.
Business Features:
Cost Considerations:
PayPal's consumer focus and limited B2B capabilities make it unsuitable for complex business payment needs compared to specialized platforms.
Square excels at point-of-sale and retail payments but offers limited B2B functionality. The platform processes payments for millions of small businesses, primarily in retail and hospitality.
Core Offerings:
Pricing Details:
Square's retail focus limits its usefulness for B2B companies needing vendor payment solutions or net terms capabilities.
Corpay specializes in corporate payment solutions, particularly fleet management and cross-border payments. While comprehensive, it targets large enterprises rather than SMBs.
Enterprise Features:
Pricing Approach:
The platform's enterprise focus and complex implementation make it unsuitable for businesses seeking quick, affordable payment processing alternatives.
Melio offers free ACH transfers and affordable credit card payments, targeting small businesses with simple payment needs.
Platform Benefits:
Limitations:
While cost-effective for simple payments, Melio lacks the comprehensive features and financing options businesses need for growth.
Wise revolutionized international payments with transparent, low-cost transfers. For businesses with global vendors, it offers significant savings over traditional banks.
International Advantages:
Pricing Transparency:
However, Wise only handles international transfers, requiring additional platforms for domestic payments and credit card processing.
Divvy combines expense management with payment processing, offering free software funded by interchange fees. It targets businesses wanting unified spend management.
Management Features:
Revenue Model:
While free, Divvy requires using their credit cards exclusively, limiting payment flexibility compared to comprehensive platforms.
Ramp has gained traction with its modern approach to corporate cards and expense management.
Modern Features:
Unique Benefits:
Ramp's focus on corporate cards doesn't address businesses needing to pay vendors who don't accept cards or wanting net terms financing.
While Plastiq pioneered credit card payments to any vendor, its limitations have become apparent as the payment processing market continues rapid growth.
Current Offering:
Key Limitations:
The shift from credit card dependency to modern payment platforms reflects broader market trends. Consumers and businesses alike prioritize experience, and businesses demand similar improvements in B2B payments.
For Different Business Needs:
Cost Analysis for $100,000 Monthly Processing:
The global payment processing solutions market continues evolving rapidly. Businesses that adapt to modern platforms offering lower fees, better integration, and innovative financing options position themselves for sustainable growth.
For companies ready to move beyond expensive credit card processing, Resolve's B2B payments platform offers the most comprehensive solution with transparent pricing, instant approvals, and risk-free financing that transforms how businesses manage cash flow.
Plastiq charges 2.9% processing fees and requires credit card usage for all transactions, while modern alternatives like Resolve offer lower fees (3.15%) through net terms financing that eliminates credit card dependency. Traditional processors focus on transaction processing, whereas platforms like Resolve provide comprehensive AR automation, instant credit decisions, and non-recourse financing. Additionally, Plastiq enables payments to vendors even if they don't accept cards by remitting funds via ACH/check/wire while charging your card.
Transaction costs vary significantly by platform and payment method. ACH transfers are often free on modern platforms or charge a small flat fee or capped percentage. Credit card processing generally ranges from 1.5% to 3.5% per transaction. Resolve charges 3.15% for 30-day net terms with advance payment options, Bill.com adds transaction fees to monthly subscriptions, and Stripe charges 2.9% plus $0.30. International payments often incur additional fees, with services like Wise charging competitive rates for currency conversion versus traditional processors.
Yes, many businesses use multiple platforms to optimize costs and capabilities. For example, companies might use Resolve for net terms management to eliminate credit card fees on vendor payments, Wise for international transfers at low rates, and Stripe for online customer payments. The key is ensuring platforms integrate with your accounting software to avoid manual reconciliation. QuickBooks integration capabilities allow multiple payment platforms to sync transaction data automatically.
For B2B transactions, Resolve's B2B payments platform offers a comprehensive solution with net terms financing, instant credit decisions, and fees starting at 3.15%. The platform can advance up to 100% of approved invoices quickly while eliminating merchant risk through non-recourse financing. Unlike credit card-dependent services, Resolve's business credit checks are free and require only company name and address, making it ideal for businesses wanting to offer payment flexibility without risk.
Most modern payment platforms offer QuickBooks integration, though capabilities vary. Resolve provides automated QuickBooks bookkeeping that syncs all transactions in real-time, Bill.com offers two-way sync with automatic categorization, and Melio provides basic transaction import. The quality of integration matters—platforms with AI-powered reconciliation can significantly reduce manual work compared to basic data transfer. When evaluating alternatives, prioritize platforms offering automated reconciliation and real-time syncing to eliminate manual data entry.
This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.