About 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.

Pricing starting from:

US$49,00/month

  • Free Trial
  • Free Version
  • Subscription

Key benefits of Payment Rails

  • 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.

  • Devices

    Business size

    S M L

    Markets

    Australia, Canada, Germany, United Kingdom, United States

    Supported Languages

    English

    Pricing starting from:

    US$49,00/month

    • Free Trial
    • Free Version
    • Subscription

    Images

    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
    View 4 more
    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

    Features

    Total features of Payment Rails: 57

    • ACH Payment Processing
    • API
    • Access Controls/Permissions
    • Accounting Integration
    • Activity Dashboard
    • Activity Tracking
    • Administrative Reporting
    • Affiliate Management
    • Alerts/Notifications
    • Approval Process Control
    • Audit Trail
    • Bank Reconciliation
    • Cash Management
    • Commission Management
    • Compliance Management
    • Configurable Workflow
    • Currency Conversion
    • Customizable Branding
    • Customizable Forms
    • Customizable Reports
    • Data Import/Export
    • Data Synchronization
    • Document Management
    • Document Review
    • Document Storage
    • Electronic Payments
    • Electronic Signature
    • Email Invitations & Reminders
    • Email Templates
    • Email/Online
    • Forms Management
    • Fraud Detection
    • Invoice Management
    • Invoice Processing
    • Monitoring
    • Multi-Company
    • Multi-Country
    • Multi-Currency
    • Multi-Location
    • PCI Compliance
    • Partial Payments
    • QuickBooks Integration
    • Real Time Data
    • Real Time Notifications
    • Real Time Reporting
    • Reminders
    • Reporting & Statistics
    • Risk Alerts
    • Role-Based Permissions
    • Sales Tax Management
    • Status Tracking
    • Third Party Integrations
    • Transaction History
    • Two-Factor Authentication
    • Vendor Management
    • Widgets
    • Workflow Management

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    Reviews

    Overall rating

    4,6 /5
    (32)
    Value for Money
    4,8/5
    Features
    4,8/5
    Ease of Use
    4,8/5
    Customer Support
    4,9/5

    Already have Payment Rails?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 32
    Jordan S.
    Overall rating
    • Industry: Construction
    • Company size: 11-50 Employees
    • Used Weekly for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Active Client - Construction Marketplace

    Reviewed on 2018/11/27

    I am happy with how Payment Rails has assisted in the growth of our company. The reliability of...

    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.

    Verified Reviewer
    Overall rating
    • Industry: Computer Software
    • Company size: 11-50 Employees
    • Used Monthly for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

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

    Reviewed on 2019/06/13

    Overall, our experience has been great. The team is responsive and supportive to our many demands...

    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.

    Gilles Y.
    Overall rating
    • Industry: Marketing & Advertising
    • Company size: 11-50 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    Good but can become better !

    Reviewed on 2018/11/27

    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

    Verified Reviewer
    Overall rating
    • Industry: Marketing & Advertising
    • Company size: 11-50 Employees
    • Used Monthly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Great system - easy to use!

    Reviewed on 2019/11/15

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

    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.

    Akshay K.
    Overall rating
    • Industry: Computer Software
    • Company size: 2-10 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Fantastic Product

    Reviewed on 2019/06/19

    When we started using Payment Rails we were experiencing a huge business problem. The sellers on...

    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.

    Showing 5 reviews of 32 Read all reviews

    Payment Rails FAQs

    Below are some frequently asked questions for Payment Rails.

    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.

    We do not have any information about Payment Rails features

    Payment Rails has the following typical customers:

    2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

    Payment Rails supports the following languages:

    English

    Payment Rails supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    Payment Rails integrates with the following applications:

    ActiveCampaign, Constant Contact, FreshBooks, Gmail, Google Calendar, Google Docs, Keap, Mailchimp, PayPal, QuickBooks Online Advanced, Quickbooks Online, Slack, Stripe, Wave Accounting, Xero, Zapier, Zoho Books

    Payment Rails offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat

    Related categories

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