Payment Processor Partner
Our active Payment Processor Partner, Paymerang, takes most of William & Mary's domestic vendor payments and pays on behalf of William & Mary and VIMS. In addition, Paymerang is responsible for payment options and onboarding. Some benefits of utilizing a payment processor include:
- A single, automated process to pay vendors through multiple methods
- Less time and money spent by eliminating check printing, postage, envelopes, and chasing uncashed checks
- Automatic reconciliation to ensure no outstanding payments or uncashed checks
Typically, Paymerang's first payment to a vendor is a check. The vendor may then opt to enroll in electronic payment options.
