Latest News from Truss
New feature
Feature update

Instant Vendor Checkout

Matthew avatar
Shared by Matthew • September 06, 2024

We are excited to introduce a new feature on Truss that adds significant value to your business: Instant Vendor Checkout. This feature is designed to improve your vendor relationships by enabling instant access to funds on bill payments, even on weekends and holidays.

Give Vendors Instant Access to Funds

When you send bill payments to your vendors via a payment link, they will now see an Instant Withdrawal option during checkout, alongside the existing payment methods standard bank transfer and check delivery. This means vendors can access their funds immediately, enhancing their cash flow and operational efficiency.

The best part: The instant withdrawal for vendors works 24/7, including weekends and bank holidays.

There is a 1.5% fee for instant withdrawals, which will be carried by the vendor accepting the funds. Your vendors still have the option to accept funds for free via standard bank transfer or check delivery.

We believe this new feature will provide significant benefits to your vendors and strengthen your supplier relationships. If you have any questions or need assistance with this new feature, please do not hesitate to contact our support team.