Paymode Reviews & Product Details

The best thing about Paymode is its ability to streamline payments securely while reducing fraud risk. It combines speed, automation, and strong compliance features, making it a powerful tool for businesses managing accounts payable and receivable.

Fast, secure payments: Paymode enables ACH and virtual card transactions, helping businesses get paid quicker than traditional checks.

Fraud prevention: With over $425 billion processed and no fraud incidents in two years, it offers strong protection.

Automation: Electronic invoicing and payment automation reduce manual work and errors.

Integration: Seamlessly connects with existing financial systems, making adoption easier.

Electronic remittance: Provides detailed remittance data in preferred formats, improving reconciliation and reporting.

User-friendly interface: Designed for ease of use, so finance teams can adapt quickly.

Regulatory compliance: Built-in compliance tools help businesses meet tax and payment regulations. Review collected by and hosted on G2.com.

The main dislikes about Paymode are its complexity in setup, occasional cumbersome security requirements, and limited flexibility compared to newer competitors.

Complex setup process: Some businesses find onboarding and initial configuration more time-consuming than expected.

Cumbersome security steps: Frequent password changes and strict login requirements can feel inconvenient, even though they enhance safety.

Limited customization: While Paymode offers automation, users note fewer options for tailoring workflows compared to platforms like Tipalti or Yooz.

Integration challenges: Certain ERP or accounting systems may require extra effort to sync smoothly with Paymode.

Customer support delays: A few reviewers mention slower response times when troubleshooting issues.

Pricing transparency: Costs are often customized, which makes it harder for smaller businesses to predict expenses Review collected by and hosted on G2.com.

I like Paymode because it offers simplicity and ease of use for my vendors, which is crucial for seamless business operations. Its low fees are particularly attractive, as they make it enticing for vendors to join and become part of the Paymode community. The availability of a fee-less program further enhances its appeal by providing a basic level of service without additional costs, offering both my vendors and me versatility in managing payment receipts and processes. Additionally, Paymode's versatile payment system stands out as it provides my company options on how payments are sent, including the ability to pay vendors through EFT without incurring costly ACH fees. This flexibility in payment methods is invaluable for accommodating different vendor needs and preferences, and it enhances overall financial management efficiency. Review collected by and hosted on G2.com.

I find the communication aspect when adding new vendors on Paymode problematic. It shouldn't be as challenging as it currently is, which could complicate or delay the process of onboarding vendors efficiently. Review collected by and hosted on G2.com.

I appreciate how Paymode facilitates real-time connections with vendors, making it easier to receive timely invoice updates and allowing vendors to track the processing of checks and ACH payments. I am particularly excited about the prospect of eliminating the issues we currently face with Nexus, especially in terms of approvals. The ability to receive real-time updates on vendors, such as address changes or where checks need to be mailed, is something I look forward to. Additionally, I expect that approval processes will flow more quickly and effectively through queues, streamlining operations significantly. The initial setup with Paymode was pretty easy, which is quite commendable as it ensures a smooth transition from Nexus Payables. Furthermore, the anticipation of improved efficiency and effectiveness, based on its performance and feedback I've heard thus far, contributes to my enthusiasm for starting with Paymode. Review collected by and hosted on G2.com.

Nothing noted as of right now. Review collected by and hosted on G2.com.

I appreciate how Paymode allows us to manage our data with accounting, particularly in tracking payments and facilitating easy and accurate payments to vendors. The platform's interface is another aspect I love; it's highly customizable, enabling me to highlight the details that are most important to my accounting needs. This level of customization provides the quick and easy access necessary for ensuring payment processes are accurate and successful. Additionally, the initial setup of Paymode was impressively smooth, which I found quite appealing. Review collected by and hosted on G2.com.

I find looking at the DPA Number a bit confusing because it doesn't clearly show which property it is associated with. This makes it challenging to ensure payments are tracked correctly in reports. Adding the property code right after the DPA Number or in another column could improve clarity. Review collected by and hosted on G2.com.

I really like how the module is set up in Paymode, particularly appreciating the organization setup which streamlines the process for paying vendors and approving invoices. The seamless setup makes it easy to manage these tasks efficiently. Furthermore, setting up vendors and verifying invoices is made straightforward with Paymode, removing complexity from these necessary tasks. The initial installation of Paymode was also notably smooth and simple, which made it easy for our company to integrate and start utilizing this tool without hiccups. These aspects collectively contribute to a very high likelihood of me recommending Paymode to others, clearly reflecting a satisfaction score of 10 out of 10. Review collected by and hosted on G2.com.

I would like Paymode to have a better color contrast. The current color scheme could be improved to enhance visibility and ease of use. Review collected by and hosted on G2.com.

I love how Paymode simplifies my rental payments, making them easy and seamless, eliminating any worries about missed payments or timing. I really appreciate its ease of access, simplicity, user-friendliness, and overall convenience. The software effectively reduces the time I spend on monthly payments since I no longer need to write checks or visit the bank; it's all automatic, which allows me to focus on other important tasks. Moreover, the initial setup of Paymode was extremely easy, seamless, and quick, enhancing its appeal and making it a standout choice for managing payments efficiently. Review collected by and hosted on G2.com.

I don’t have any dislikes. Review collected by and hosted on G2.com.

I find Paymode incredibly useful for its transparency, which allows me to easily keep track of processes and transactions. Its user-friendly interface makes it easy to work with, letting me focus on tasks efficiently without needing to worry about unnecessary complications. The setup process was straightforward and simple, which reduced downtime and allowed me to integrate Paymode into my workflow seamlessly. Additionally, I greatly appreciate the ability to conduct remote check runs, which offers me the flexibility to manage my financial tasks from anywhere. Overall, Paymode provides an intuitive and efficient platform that enhances my work experience significantly. Review collected by and hosted on G2.com.

Virtual card payments get automatically declined. Review collected by and hosted on G2.com.

Nothing except for receiving electronic payments to my business checking account Review collected by and hosted on G2.com.

I don't think any of the features are at all impressive or functional. It's somewhat confusing, if anything, and extremely frustrating when you're trying to solve a problem like getting your transfers to your bank correctly when you've made an error and it takes days for someone to review it. By that time, they've sent the payment back to the payee. Horrible customer service. Customer service agents are very nice, but they're based in India. They have no idea what's going on. Review collected by and hosted on G2.com.

Its user interface is easy to navigate and the integration between Paymode and Nexus seems to work well. Review collected by and hosted on G2.com.

The transition from NexusConnect to Paymode was poorly rolled out causing an uptick is customer issues and frustration from poor customer service response quality and time. Paymode will also deactivate payer connections with no warning, nor does it give us, the client, a rejection reason. We only know that this occurs when a vendor reaches out asking us why we rejected them. Review collected by and hosted on G2.com.

I like that there is reporting and that we have a rep that covers our account Review collected by and hosted on G2.com.

There is nothing I dislike about paymode. Review collected by and hosted on G2.com.