Virtual Card Payments

Vic.ai’s AI-driven platform empowers vendors to receive payments swiftly and securely.

By accepting virtual card payments through Vic.ai’s VicPay™ and Vendor Portal, you can streamline your cashflow and reduce payment hassles. Virtual cards are digital, single-use card numbers for B2B transactions – bringing speed, security, and efficiency to your accounts receivable process. Below we outline the key benefits of embracing virtual card payments with Vic.ai:

Virtual card payments are executed almost instantly compared to sluggish paper checks, meaning you get paid much more quickly. With on-time or even early payments, you can significantly reduce Days Sales Outstanding (DSO) and improve your cashflow position. No more waiting 5–7 days for checks to clear – most virtual card funds settle within 24–48 hours, so you get cash in hand faster.

Vic.ai’s virtual cards are single-use and time-bound, making them extremely difficult for fraudsters to intercept or misuse. Unlike checks or ACH with static account info, each virtual card transaction uses a unique, random card number that expires after use. This built-in fraud protection means sensitive bank details aren’t shared, and the risk of check theft or payment diversion is virtually eliminated. You and your customers can transact with confidence that payments are highly secure.

Each virtual card payment comes with rich remittance data and a clear audit trail, simplifying your record-keeping. Detailed payment information is automatically provided, so you can easily match payments to invoices and update your books. In fact, virtual cards offer some of the most robust remittance info available –resulting in faster, easier payment receipt and reconciliation for every transaction. This cuts down on manual accounting work and reduces errors, letting your team close the books more efficiently.

Accepting virtual cards means you don’t need to share bank account details or wait for bank-dependent transfers. Payments are processed through global card networks (e.g. Visa/Mastercard), so you can receive funds from customers anywhere in the world without extra setup or wire fees. This borderless payment method accelerates vendor onboarding and time-to-payment – if you can process a credit card, you’re ready to get paid. By removing bank paperwork and international barriers, Vic.ai helps you expand your reach and get paid seamlessly across borders.

By partnering with Vic.ai and embracing virtual cards, you’re stepping into the future of B2B finance. Virtual card payments are one of the fastest-growing payment types in the industry, now outpacing ACH and traditional P-cards. Adopting this modern, AI-supported payment solution not only improves your operations today but also positions your company at the forefront of financial innovation. In short, you’re getting paid in a smarter way that aligns with the cutting-edge trends in autonomous finance.