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60% of small-to-medium sized businesses struggle with managing cash flow. The demand for faster, more efficient payment processes continues to rise. Although you may be using traditional payment methods such as ACH or check, virtual cards have emerged as a fast and more streamlined alternative. In this blog post, we’ll delve into the speed advantages of virtual cards and explore why fast payments matter in the business world.
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When it comes to speed, virtual cards outpace traditional payment methods by a significant margin. Virtual cards are typically processed within 3 business days. Unlike checks or wire transfers that often involve manual processing, virtual cards allow for instant transactions. The unique digital nature of virtual cards eliminates the need for physical handling and mailing, translating to quicker payment cycles.
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The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.
Subscribe to our corporate payments blog to stay on top of payment innovations.