Archive for: pay

Facebook Now Accept PayPal

Facebook, undoubtedly the biggest social network at the minute, has been promoting and ramping up its ‘credits’ system over the past year or so. These ‘credits’ afford users the opportunity to use real world money to purchase gifts, apps and songs which can either be used by themselves or given as presents to other Facebook users.

Now, they are allowing users to pay with PayPal, which has in excess of 80 million users. Previous to this one could only purchase Facebook credits via credit card or by using their mobile phone. By intergrading with PayPal, Facebook will undoubtedly allow more people to use the service, particularly young people who may not have access to a credit card themselves but do have a PayPal account.

Recent speculation as to whether Facebook would be opening their own payment service to compete with PayPal have pretty much been put to bed with this recent update. Many people said that you would soon be able to “pay with Facebook” on eCommerce sites. However, it seems unlikely that Facebook and PayPal would be cooperating on such a big revenue-making deal whilst one party was plotting the downfall of the other.

Bill.com – The New Way to Pay

Even though there is a global recession closing businesses, putting people out of work and somehow still giving top bankers big bonuses, companies still have bills to pay. The most widely used way to pay bills is via the tried and tested paper way. A bill comes in, it’s circulated and approved by all those necessary before being shipped down to accounting where it can sit for weeks before it is paid.

That’s assuming that it makes it that far. Anyone who ever worked in a big company will tell you that invoices and bills seem to grow their own legs and go walkies quite a lot, often unnoticed until an angry supplier calls up.

Bill.com looks to change all that. The company, which has just raised 17 million dollars, takes the whole thing digital. When a paper bill comes into a company, they fax it to a special number and when an e-mail bill comes in they e-mail it to a special address. Then, when they log into Bill.com they will all be there in digitised form. Then all the managers who need to sign off on the bill can simply click ‘Approve’. The bill is then set to a status where by accounting will take control. They can then pay the bill via transfer and all is done and dusted.

Many companies report that Bill.com has halved the amount of man time it used to take in paying bills. This is because everything is all in one place where everyone can approve or pay the bill at a time that suites them. This way, a bill doesn’t become stuck at a managers desk for days because he/she is busy, leaving others waiting around to sign. It also dramatically reduced the chances of the bill getting lost or misconstrued.

This is a great web tool for any medium or large business where bills seem to eat up too much company time.