SilverPay Virtual Card
Add simplicity, security, and cash-back rebates to your vendor payment process.
You pay your vendors often, so why not do it the way that benefits you the most?
SilverPay, MineralTree’s virtual card platform, enables you to optimize your approach to vendor payments by converting your payment process from paper checks to electronic payments – and reaping a host of benefits.
It’s Time For An Upgrade to Electronic Payments
What is SilverPay?
SilverPay is MineralTree’s secure virtual card payment platform that enables you to convert paper checks to electronic payments. By guiding you through the transition and providing cash-back for payments, we help you get the most out of your accounts payable process.
By leveraging SilverPay, you are able to pay your vendors securely with a randomly-generated 16-digit credit card number that can only be charged one time for a specified amount. This process, called tokenization, makes SilverPay a safer alternative to check payments or ACH transfers.
After your payment is sent, your vendor receives your one-time-use card number for processing, along with the corresponding remittance detail. Once processed, your checking account is debited electronically.
MineralTree’s SilverPay network includes more than half a million vendors. But beyond that, MineralTree works on your behalf to identify other vendors you can pay through SilverPay.
Getting started is simple, as participation in SilverPay is included in your MineralTree subscription.
How does SilverPay work?
MineralTree identifies your participating vendors
You select SilverPay as your choice of payment
You earn cash-back rebates on every payment
- Ease your reconciliations process
- Earn cash-back on all transactions
- Time your payments to optimize working capital
- Reduce exposure to check fraud
- Remove friction from the client payment process
- Eliminate hours of manual work
- Receive remittance details automatically, for every payment