Payment Rails

Global mass payments to contractors & suppliers

4,6 /5 (32 reviews) Write a Review!

Payment Rails Overview

What is Payment Rails?

Payment Rails is a global payment platform for sending business payments to customers, contractors, suppliers, collaborators, and any other business partner. The cloud-based tool facilitates payments to individuals or companies internationally to over 200 countries, and in any local currency. Payment Rails automates tasks such as collection and validation of transfer information and mass payment distribution with the aim of simplifying the accounts payable workflow.

Payouts can be planned and executed within Payment Rails, with tools for facilitating global bank transfers, SWIFT bank transfers, VISA and MasterCard credit or debit card transfers, and mobile money transfers such as M-PESA, AirTel Money, and more. Businesses can transfer payments to individuals, such as customers, or other businesses, in over 200 countries using Payment Rails’ access to global and localized banking networks. Onboarding and verification is carried out automatically in the Payment Rails platform, and any fraudulent or suspicious users are flagged using the AML watchlist screening tool.

With Payment Rails, businesses can manage their payment recipients with online forms to capture bank account details, customizable white-label email reminders and confirmations, automatic validation of bank details, and returned payment management. Payments can also be tracked in real time so that senders and recipients are both aware of which stage of the transaction a payout is at.

Tax compliance can be managed within the Payment Rails platform with automatic management of digital tax form collection, withholding calculations, year-end tax reporting, validation, and more. In order to avoid errors and ensure compliance, tax withholding calculations are carried out automatically, and recipients are able to fill out digital W-8 or W-9 forms with real-time rules validation.

Payment Rails Overview

Pricing

Starting from
US$49,00/month

Pricing options

Free Trial
Free
Subscription
Value for money

Grow: $49/month
Platform: $199/month
Enterprize: from $500/month

Transaction fees are also added to payments. Contact Payment Rails for more information.


Payment Rails Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Australia, Germany
Supported Languages
English

Media

Create recipient profiles including payment and compliance information
View recipient lists for all current and previous payouts, with payment status updates
View payment details for every transaction with live status tracking
Payment Rails screenshot: Create recipient profiles including payment and compliance information Payment Rails screenshot: View recipient lists for all current and previous payouts, with payment status updates Payment Rails screenshot: View payment details for every transaction with live status tracking

Payment Rails Reviews

Payment Rails Reviews

Overall rating
4,6
/
5
Excellent
22

Very good
8

Average
2

Poor
0

Terrible
0

Value for Money
4,8
Features
4,8
Ease of Use
4,8
Customer Support
4,9
94% recommended this app
Jordan S.

Active Client - Construction Marketplace

I am happy with how Payment Rails has assisted in the growth of our company. The reliability of funds being deposited into our customers accounts on a weekly basis has only being getting better. After a few rough weeks with payment batches being delayed, the Payment Rails customer success managers have really stepped up and made sure those issues didn't repeat themselves.


Verified Reviewer

PR supported us through many transitions and every step of the way

Overall, our experience has been great. The team is responsive and supportive to our many demands and questions. They're knowledgable and always eager to help. They've updated things and helped us address issues. Great group of folks that go above and beyond to help us get started - I highly recommend their services.


Gilles Y.

Good but can become better !


Verified Reviewer

Great system - easy to use!

We pay content creators at mass and Payment Rails helps us do so easily.


Akshay K.

Fantastic Product

When we started using Payment Rails we were experiencing a huge business problem. The sellers on our platform were unable to redeem their funds in a timely manner. Other options were either too costly or they took too much time and hassle to setup. At that moment we had to manually process all transactions at the end of the day which was extremely unscalable.

With Payment Rails, we were up and running within literally 2 days. It was so easy to setup and the flow was perfect for us. The team helped us get up and running responding to questions within the hour. We are very excited to continue using Payment Rails.


Jordan S.
Industry: Construction
Company size: 11-50 Employees

Active Client - Construction Marketplace

Used Weekly for 6-12 months
Reviewed on 2018/11/27
Review Source: Capterra

I am happy with how Payment Rails has assisted in the growth of our company. The reliability of funds being deposited into our customers accounts on a weekly basis has only being getting better. After a few rough weeks with payment batches being delayed, the Payment Rails customer success managers have really stepped up and made sure those issues didn't repeat themselves.

Pros

Ease of use for our customers to log their direct deposit information through the PR plugin, CSV upload for payout to customers (no more manual logging of individual's payout), and (now most recently) customer access to view pay history.

Cons

Inability to know if funds have been deposited or not into a client's account. Which is a universal issue on all payment platforms.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Computer Software
Company size: 11-50 Employees

PR supported us through many transitions and every step of the way

Used Monthly for 1+ year
Reviewed on 2019/06/13
Review Source: Capterra

Overall, our experience has been great. The team is responsive and supportive to our many demands and questions. They're knowledgable and always eager to help. They've updated things and helped us address issues. Great group of folks that go above and beyond to help us get started - I highly recommend their services.

Pros

Payment rails makes payments easy with a robust API that works across borders. They also handle tax compliance and have a knowledgable team that's always ready to help. They've helped us multiple times throughout the two years we've been working together. We went from being a customer (and a demanding one!) to a partner who's constantly referring leads. It's been a long ride but PR really stuck with us and helped us through thick and thin. Work with them if you have a chance!

Cons

Compliance but it's really not their fault. Financial services is a regulated industry. PR did what they could but compliance requirements are unique by industry. If anything, we're very grateful to PR for helping us through the legal whenever possible.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Gilles Y.
Industry: Marketing & Advertising
Company size: 11-50 Employees

Good but can become better !

Used Daily for 1-5 months
Reviewed on 2018/11/27
Review Source: Capterra

Pros

The features like the tax form or the widget !

Cons

Reliability, we still find bugs but their customer support is on top to fix them

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 7.0/10

Verified Reviewer
Industry: Marketing & Advertising
Company size: 11-50 Employees

Great system - easy to use!

Used Monthly for 2+ years
Reviewed on 2019/11/15
Review Source: Capterra

We pay content creators at mass and Payment Rails helps us do so easily.

Pros

Super easy to use and the interface is very customer friendly. The customer support team is very friendly and helpful.

Cons

We were a beta customer and experienced a lot of hiccups in the beginning. There were many issues with payments not being received on time or not sending but over time, we were able to iron out these issues as the product got better.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 9.0/10

Akshay K.
Industry: Computer Software
Company size: 2-10 Employees

Fantastic Product

Used Daily for 1+ year
Reviewed on 2019/06/19
Review Source: Capterra

When we started using Payment Rails we were experiencing a huge business problem. The sellers on our platform were unable to redeem their funds in a timely manner. Other options were either too costly or they took too much time and hassle to setup. At that moment we had to manually process all transactions at the end of the day which was extremely unscalable.

With Payment Rails, we were up and running within literally 2 days. It was so easy to setup and the flow was perfect for us. The team helped us get up and running responding to questions within the hour. We are very excited to continue using Payment Rails.

Pros

Payment Rails is amazingly easy to use, and extremely quick to setup. Further more the team is incredible and have always been available to help out with any issues.

Cons

This software feels like it was built for us. We don't have any concerns about it.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9,1/10
Based on 32 user ratings
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Payment Rails Pricing

Payment Rails Pricing

Starting from
US$49,00/month
Free Trial
Free
Subscription
Value for money

Grow: $49/month
Platform: $199/month
Enterprize: from $500/month

Transaction fees are also added to payments. Contact Payment Rails for more information.

Grow: $49/month
Platform: $199/month
Enterprize: from $500/month

Transaction fees are also added to payments. Contact Payment Rails for more information.

Value for Money
4,8/5
Based on 32 user ratings
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Payment Rails Features

Payment Rails Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,8/5
Based on 32 user ratings
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Categories

Additional information for Payment Rails

Additional information for Payment Rails

Key features of Payment Rails

  • ACH Payment Processing
  • API
  • Access Control
  • Accounting Integration
  • Activity Dashboard
  • Activity Tracking
  • Administrative Reporting
  • Approval Process Control
  • Audit Trail
  • Automatic Reminders
  • Automatic notifications
  • Bank Reconciliation
  • Bank account validation
  • Bounce tracking
  • Cash Mangement
  • Compliance management
  • Configurable Workflow
  • Currency conversion
  • Custom forms
  • Customizable Approvals
  • Customizable Reporting
  • Customizable branding
  • Data Import
  • Data Import/Export
  • Data Synchronization
  • Document Approval
  • Document Management
  • Document Review
  • Document storage
  • Electronic payments
  • Electronic signature capture
  • Email / newsletter communication
  • Email Invitations & Reminders
  • Email notifications
  • Email templates
  • Forms management
  • Instant payments
  • Internal Controls Management
  • Invoice Management
  • Invoice Processing
  • Live payment tracking
  • Monitoring
  • Multi-Company
  • Multi-Location
  • Multi-country
  • Multi-currency
  • PCI DSS compliance
  • Partial Payments
  • Permission management
  • QuickBooks Integration
  • Real Time Data
  • Real Time Notifications
  • Real Time Reporting
  • Reporting & Statisics
  • Returned payment management
  • Risk alerts
  • Role-based permissions
  • Sales tax management
  • Status Reporting
  • Status tracking
  • Synchronization Management
  • Third Party Integration
  • Tracking features
  • Transaction History
  • Transfer management
  • Two-factor authentication
  • White label emails
  • Widgets
  • Workflow Management

Benefits

  • Manage payouts to over 200 countries to suppliers, contractors, collaborators, donors, customers, or any other individual or business, and in any currency, with automatic currency conversion.

  • Allow businesses or individuals to provide their bank details via a custom form by embedding the recipient widget into the business website. Details are then automatically added to the Payment Rails database and recipients can be managed securely.

  • Track payouts in real time with live payment tracking which provides updates on status including “payment initiated”, “payment method setup”, “compliance screened”, “submitted to bank”, and “processed by bank”. Instant payments can also be setup.

  • Monitor and prevent risks and fraudulent transactions with Payment Rails’ screening tools which can identify and block fraudulent accounts with automatic screening against Anti-Money Laundering (AML), Counter Terrorism Financing (CTF), and other global watchlists.

  • Ensure compliance with automatic tax deduction calculations and other compliance measures, and control security with features such as tokenization, data encryption, two-factor authentication, user role-based permissions, and more.

  • Payment Rails FAQs

    Payment Rails FAQs

    Below are some frequently asked questions for Payment Rails.

    Q. What type of pricing plans does Payment Rails offer?

    Payment Rails offers the following pricing plans:

    Starting from: US$49,00/month

    Pricing model: Free, Subscription

    Free Trial: Available

    Grow: $49/month Platform: $199/month Enterprize: from $500/month Transaction fees are also added to payments. Contact Payment Rails for more information.

    Q. What are the main features of Payment Rails?

    Payment Rails offers the following features:

    • ACH Payment Processing
    • API
    • Access Control
    • Accounting Integration
    • Activity Dashboard
    • Activity Tracking
    • Administrative Reporting
    • Approval Process Control
    • Audit Trail
    • Automatic Reminders
    • Automatic notifications
    • Bank Reconciliation
    • Bank account validation
    • Bounce tracking
    • Cash Mangement
    • Compliance management
    • Configurable Workflow
    • Currency conversion
    • Custom forms
    • Customizable Approvals
    • Customizable Reporting
    • Customizable branding
    • Data Import
    • Data Import/Export
    • Data Synchronization
    • Document Approval
    • Document Management
    • Document Review
    • Document storage
    • Electronic payments
    • Electronic signature capture
    • Email / newsletter communication
    • Email Invitations & Reminders
    • Email notifications
    • Email templates
    • Forms management
    • Instant payments
    • Internal Controls Management
    • Invoice Management
    • Invoice Processing
    • Live payment tracking
    • Monitoring
    • Multi-Company
    • Multi-Location
    • Multi-country
    • Multi-currency
    • PCI DSS compliance
    • Partial Payments
    • Permission management
    • QuickBooks Integration
    • Real Time Data
    • Real Time Notifications
    • Real Time Reporting
    • Reporting & Statisics
    • Returned payment management
    • Risk alerts
    • Role-based permissions
    • Sales tax management
    • Status Reporting
    • Status tracking
    • Synchronization Management
    • Third Party Integration
    • Tracking features
    • Transaction History
    • Transfer management
    • Two-factor authentication
    • White label emails
    • Widgets
    • Workflow Management

    Q. Who are the typical users of Payment Rails?

    Payment Rails has the following typical customers:

    Small Business, Large Enterprises, Non Profit, Mid Size Business

    Q. What languages does Payment Rails support?

    Payment Rails supports the following languages:

    English

    Q. What type of pricing plans does Payment Rails offer?

    Payment Rails has the following pricing plans:

    Free, Subscription

    Q. Does Payment Rails support mobile devices?

    We do not have any information about what devices Payment Rails supports

    Q. What other apps does Payment Rails integrate with?

    Payment Rails integrates with the following applications:

    ActiveCampaign, Constant Contact, FreshBooks, Keap, Mailchimp, QuickBooks Online, Stripe, Wave, Xero, Zoho Books

    Q. What level of support does Payment Rails offer?

    Payment Rails offers the following support options:

    Phone Support, Online Support, Video Tutorials, Knowledge Base, FAQs