Kotapay Benefits for Businesses

Kotapay is a leading electronic payment processing company, including ACH payroll direct deposits, direct payments, and credit card processing. ACH processing is the most secure network for moving money. Kotapay accepts files from nearly every payroll & accounting software. They ensure proper file formatting and secure processing, and allow you to process transactions outside normal business hours. ACH is cost effective and helps reduce manual errors.

Benefits of Kotapay Direct Deposit:

• Saves time and money by not printing paper checks
• Gives employees instant access to funds on payday
• Reduces the risk of lost or stolen checks
• Unbanked employees can be provided a Fintwist payroll card (works like a reloadable debit card)
• 1099 Payments
• Business to business payments
• Vendor payments
• KotaConnect: secure online tool for scheduling payments without software

Kotapay also offers ACH billing. ACH billing automates payment processing, helping reduce manual errors, save time and improve your business cash flow. It will also benefit your business by providing consistent cash flow, detailed reporting and more secure transactions. Kotapay also offers ACH return notifications in a few hours rather than days.

If Kotapay is something you are interested in learning more about, please contact Baldwin CPAs and we will be happy to provide you with more information.

This article was written by Ashley Harrison. Ashley is a Payroll Specialist II with Baldwin CPAs. For more information on the support Baldwin CPAs can provide you, contact ashley.harrison@baldwincpas.com.