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Paymode Reviews & Product Details

Paymode Product Details

Value at a Glance

Averages based on real user reviews.

Time to Implement

3 months

Paymode Integrations

(5)
Verified by Paymode

Paymode Media

Paymode Demo - The visibility you need in one place
Get access to a rollup of all essential accounts payable data, including invoices and payments, in one easy-to-use place. Customize reports for your team's unique needs.
Paymode Demo - Improve Visibility into all Payments
Easily view vendor payments and critical vendor information through user-friendly dashboards. Customize and schedule reports for crystal-clear visibility.
Paymode Demo - Improve Visibility into all Payments
Easily view vendor payments and critical vendor information through user-friendly dashboards. Customize and schedule reports for crystal-clear visibility.
Automate, simplify, and secure AP processes—from invoice to payment—by eliminating manual steps and unsecure paper methods. Send fast, revenue-generating Premium ACH and virtual card payments to vendors and spend less time on tedious tasks.
Play Paymode Video
Automate, simplify, and secure AP processes—from invoice to payment—by eliminating manual steps and unsecure paper methods. Send fast, revenue-generating Premium ACH and virtual card payments to vendors and spend less time on tedious tasks.
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Paymode Reviews (278)

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Reviews

Paymode Reviews (278)

View 2 Video Reviews
4.1
278 reviews

Pros & Cons

Generated from real user reviews
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Mikswen R.
MR
Digital Assets Accountant
Information Technology and Services
Small-Business (50 or fewer emp.)
"Paymode; Automated And Secure Payment Network, but Some Misses Too"
What do you like best about Paymode?

Paymode ensure we are consistently protected against fraudulent financial transactions and fake payments

The program speeds up the cycle for payments, which would reduce the processing time

We consistently save on costs, by eliminating manual AR and AP

Paymode creates vendor portals, which we use to submit invoices and ensure that we make payments efficiently Review collected by and hosted on G2.com.

What do you dislike about Paymode?

Paymode has high fees when receiving or processing some payments for instance the virtual card payments

Often, we face login friction which sometimes makes our company vulnerable and less reliable Review collected by and hosted on G2.com.

Verified User in Consumer Goods
AC
Small-Business (50 or fewer emp.)
"Easy platform to get paid faster"
What do you like best about Paymode?

The platform is easy to use. You just log in and view your remittances.

The funds are deposited right into your account. They send a notification when a payment arrives so there is no guessing and only have to log in to view your payments. Review collected by and hosted on G2.com.

What do you dislike about Paymode?

They have fees. I dont like to pay to receive money that is owed. They have an extra secure website and have to jump through hoops to get logged in. Have to give your cell number to get a code on login every single time. And they make you change your password all the time. Review collected by and hosted on G2.com.

Response from Paul McMeekin of Paymode

We love it when customers tell us they get paid faster! We think there is value in that and we do charge a small fee to help get your money in the bank faster, so it can get to work for you. Regarding the security. It's something we do to protect all customers and keep the network fraud free. So something which is a (minor) inconvenience helps protect all businesses!

Thanks for using Paymode-X!

Verified User in Commercial Real Estate
AC
Mid-Market (51-1000 emp.)
"Great business partner / product"
What do you like best about Paymode?

Approving and Paying invoices are a necessary evil for every company. Paymode makes it "easy". Multiple ways to get invoices into the system. Easy workflows. Great payment options from paper check, ACH or credit card. They are a great business partner to boot. Review collected by and hosted on G2.com.

What do you dislike about Paymode?

Bottomline owned Paymode and they are integrating Nexus Payables/Connect. It has been a rocky road, but things are coming together. Anyone starting now will miss all of the integration growth pains. Review collected by and hosted on G2.com.

JF
CEO and president
Small-Business (50 or fewer emp.)
"Great to see the Bottomline team in one place and network with other Real estate companies"
What do you like best about Paymode?

Reducing checks, streaming process, saves overhead costs Review collected by and hosted on G2.com.

What do you dislike about Paymode?

Ach takes too long to get to vendor, vendors don’t want to pay fees for premium ach Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
AC
Mid-Market (51-1000 emp.)
"Not just invoice routing"
What do you like best about Paymode?

I really like the ability to set up different routings for each property in different ways. Review collected by and hosted on G2.com.

What do you dislike about Paymode?

The integration with my enterprise software is not great. It is somewhat manual. Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Mid-Market (51-1000 emp.)
"Still learning the basics"
What do you like best about Paymode?

Our department’s current system involves using Nexus in cutting manual checks in house and stuffing envelopes, so what’s not to like about integrating Paymode? I am looking forward to migrating over to take advantage of electronic payments and having the service be the ones to sign up vendors. Review collected by and hosted on G2.com.

What do you dislike about Paymode?

I am transitioning from user to user/administrator so I haven’t been exposed to a lot of the pain points yet. Review collected by and hosted on G2.com.

KF
AP manager
Enterprise (> 1000 emp.)
"Paymode is a good tool it is the vendor campaigning that is painful"
What do you like best about Paymode?

Payment detail and remittance detail. I like seeing payment files and ease of exceptions Review collected by and hosted on G2.com.

What do you dislike about Paymode?

Admin function is painful and the amount of data is overwhelming. I need to spend more time in reporting. The fatter the filters do not stay put! Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Mid-Market (51-1000 emp.)
"Fairly new to the software. About 1 year of experience."
What do you like best about Paymode?

The automation is great. I like that it seems to continuously evolve. Invoices being uploaded automatically is a plus as well. Review collected by and hosted on G2.com.

What do you dislike about Paymode?

The updates will help with this, but the process of splitting images with multiple invoices is not great right now. Having to log in multiple places (Nexus Payables/Nexus Connect) isn’t great either. But both issues seem to be getting corrected the the transition. Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Mid-Market (51-1000 emp.)
"Corporate Accounting Manager"
What do you like best about Paymode?

Easy invoice payment process for our company Review collected by and hosted on G2.com.

What do you dislike about Paymode?

Refund times. And the fact that when a vendor is deactivated it doesn’t transfer to RealPage Review collected by and hosted on G2.com.

DR
Enterprise (> 1000 emp.)
"I can count on Paymode-X"
What do you like best about Paymode?

Making payments through Paymode-X is very easy. You simply send them a file with the payment information and they make the payment by check or ACH. Paymode-X houses the banking information for our vendors so I don't have to. They verify the validity of each vendor and bank information, so I don't have to. They provide good remittance details to vendors, so I don't have to. I can use Paymode-X as much or as often as I need to. I can future date payments. I can verify information on the Paymode-X website and can provide proof of payments to vendors when needed just by using their website. If the file I send to Paymode-X has an error, they alert me quickly as to what line has the error and give clear instructions on how to re-submit the file for payment processing. Review collected by and hosted on G2.com.

What do you dislike about Paymode?

Like with many companies, customer support on the phone can be difficult to achieve; I believe this because everyone is busy. However, going through email or their portal works good. My customer service representative stays in contact with me regularly. Review collected by and hosted on G2.com.

Pricing Insights

Averages based on real user reviews.

Time to Implement

3 months

Return on Investment

17 months

Average Discount

9%

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Paymode Features
Supplier Portal
Payments
Approvals
Batch Processing
Due Dates
Payment Tracking
Accounting
Payment Integration
Accounting
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