Frontdoor offers a variety of payment methods tailored to meet the needs of your business and your vendors. Each option is designed to optimize cost, speed, and security.
Payment Modalities
Discover our Possibilities
Payment Options
and Costs
Check
Checks sent next-day
Cost to Payee: 0 bps
Cost to Payer: 10 bps
Standard (4-Day) ACH
ACH initiated as soon as Frontdoor collects the funds
Cost to Payee: 10 bps
Cost to Payer: 10 bps
Real-Time Payment
Customer and vendor benefit from cash float extended by Frontdoor
Cost to Payee: 40 bps
Cost to Payer: 0 bps
Wire
Customer and vendor benefit from cash float extended by Frontdoor
Cost to Payee: 60 bps
Cost to Payer: 0 bps
Virtual Credit Card
Actual cost to vendor set by credit card network.
Cost to Payee: ~290 bps
Cost to Payer: 0 bps + 50 bps rebate
Payment Cost
Examples
| Payment Type | $100 Payment | $1,000 Payment | $10,000 Payment |
|---|---|---|---|
| Check | $0.10 | $1.00 | $10.00 |
| Standard (4-Day) ACH | $0.20* | $2.00* | $20.00* |
| Real-Time Payment | $0.40 | $4.00 | $40.00 |
| Wire | $0.60 | $6.00 | $60.00 |
| Virtual Credit Card | $2.90 | $29.00 | $290.00 |
*Split evenly between customer and vendor.
Optimized
Payment Methods
Frontdoor allows the vendor to select their most suitable payment method:
- We set up and manage vendors to be paid by their preferred method.
- Vendors can enjoy options from Frontdoor and quicker transactions with comprehensive payment support.
Fair Pricing and Payer-Friendly Solutions
At Frontdoor, we ensure that vendors are not charged exorbitant fees just to receive payments. Every transaction is priced fairly, reflecting the true value of the payment process, ensuring a smooth experience for both your business and your vendors.
Choose the Payment
Method That Works for You
Upon Payor approval of a payment file, the Payee is sent a link. This link allows them the payee to select their preferred payment method based on their desired timeline and the price associated with that timeline. We are customer centric, vendor-friendly and priced fairly for all parties.
