What are the processing times for received payments?
Check/ACH clearance: 6–8 business days.
Bank confirmation: 2–3 days.
Funds release: Additional 2–3 days.
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Can I integrate Zil Money with NetSuite for payments and check processing?
Yes, Zil Money offers pre-integration with NetSuite. You can easily import checks from NetSuite into our platform, and we handle the processing. Additionally, customization options are available for your specific NetSuite requirements.
What methods are available to receive payments?
Users can send payment request links via email or text. They can also enable credit card payments, print received checks for deposit or use ACH debits to pull funds from customer accounts.
What service is needed for cross-border payments?
A payment solution that supports cross-border transactions, enabling international payments to be received in a single currency, such as USD, without the need for complex paperwork and lengthy bank procedures.
What are the fees for using a credit card for payments?
A 2.9% processing fee applies to credit card payments. ACH payments are free, but if you choose same-day ACH or wire transfers, additional fees may apply (e.g., up to $40 for same-day ACH and $12 for wire transfers).
How does the platform support business account setup and international payments?
After verification, the user will be able to link a business bank account and use it for processing international payments. The platform facilitates transactions and offers support in the account setup process.