Reliable, cost‑effective payments to in‑panel suppliers.
With Merchant Pay, insurers enhance relationships with their trusted suppliers by streamlining and accelerating payments, all while contributing to cost-containment goals.
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Reduced fees
Using bulk payments at a frequency of your choice, you avoid fees applicable to individual transactions for repeat, on‑panel suppliers.
Simple reconciliation
Vitesse reports offer comprehensive details, enabling your finance operations to proceed seamlessly without administrative overhead.
Cost containment
Fast and reliable payments empower you to negotiate more effectively with your suppliers and achieve your cost-containment goals.
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Bulk payments
Instruct multiple claim payments via our API or customer portal and add them to a payment batch leveraging a scheduled payment program. Once conditions are met, Vitesse will issue a single payment to your supplier for all claims within the aggregated batch.
Integrated treasury services
To accelerate payments, Vitesse holds your claim funds in secure accounts offering high protection standards along with real-time visibility and control.
Simple reconciliation
Each claim can be individually traced to a scheduled payment batch, ensuring reconciliation integrity.
Derek Livingstone
Head of Treasury, ManyPets
