What are Airwallex Batched Bill Payments?
Batched Bill Payments allow you to combine multiple bills for the same vendor into a single transaction. Instead of creating a transfer for each bill separately, Airwallex can batch them together into one, saving you transfer fees, and making it faster and easier for both you and your vendors to reconcile payments.
Why is batching useful for my business?
If your company pays a large number of invoices, batching bill payments significantly reduces your transaction fees and simplifies reconciliation by reducing the number of transactions to track. Vendors receive a single transfer instead of multiple smaller ones, which also simplifies their records and reduces administrative work.
Which bills can be matched?
Airwallex can batch bills together into one single payment when they share the same:
- Vendor
- Transfer date
- Billing entity
- Funding account
- Recipient account
- Funding currency
- Payment currency
How do I batch bills payments?
From the bills table, select all your bills awaiting payment and then click on ‘Pay Bills’.
If there are bills that are eligible for batching, Airwallex automatically suggests them. You can unbatch bills if you prefer to pay them individually.
Add payment details for the batch in the same way as you would for a single bill.
Transfers created for batched bill payments will indicate the Bill IDs in the transfer details and transfer confirmation.
In the Bill details, Airwallex also indicates if that bill was paid as part of a batched bill payment.