What Bill & Pay does

Bill & Pay is a web-based accounts receivable (A/R) software platform that enables businesses to issue e-invoices, accept ACH and credit card payments, automate recurring billing, configure customer autopay, and send automated reminders and statements. The product is offered standalone or with native synchronization to QuickBooks Online via Intuit OpenID Connect, and it is built on an API-first architecture supporting XML and JSON data formats, webhooks for event-driven development, and white-label payment portal capabilities.

The company operates primarily as an embedded, white-label infrastructure layer for ISV and SaaS partners, allowing software vendors to integrate billing and receivables functionality into their own applications under their own branding. It also distributes through a reseller channel targeting financial institutions and VARs, and through a direct API for developers and enterprise integrators. Bill & Pay's products include the core A/R Software, a customizable Payment Portal, a Developer API, and a Reseller API for automated account provisioning.

Bill & Pay is a product brand under Payroc LLC, a registered Independent Sales Organization (ISO) and Merchant Service Provider (MSP) of multiple major banking partners including Fifth Third Bank, PNC Bank, Wells Fargo, Deutsche Bank, Merrick Bank, Woodforest National Bank, and KeyBank. Revenue is generated through subscription fees for the A/R software, transaction fees on processed payments, and revenue sharing arrangements with software partners and resellers. The company was founded in 1998 and is headquartered in Minneapolis, United States, operating with a micro-team of 1-10 employees.

Name

Bill & Pay

Legal name

Payroc LLC

Website

https://billandpay.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Bill & Pay is a web-based accounts receivable software platform offering e-invoicing, ACH and credit card payment processing, automated recurring billing, and white-label integration for ISV and SaaS partners. It operates as a product line under Payroc LLC.

Ownership category

akta.pro rank

Product category

Accounts Receivable and Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industries

Biller Direct EBPP Platforms (FSAMAJAA), Recurring Billing & AutoPay Management (FSAMAJAE)

Keywords

• Accounts receivable software
• E-invoicing solutions
• Payment processing platform
• White-label billing
• Embedded payments API

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Payment Processing Fees: Bill & Pay generates revenue through transaction fees on every payment processed. Partners share in this revenue through revenue sharing arrangements for each payment processed via their integration or reseller API.
2. A/R Software Subscription: Subscription-based access to the full-featured accounts receivable software, offered standalone or with accounting system integrations.
3. Partner Revenue Sharing: Software partners and resellers profit from revenue sharing for every payment processed, creating a recurring revenue stream tied to partner customer payment volumes.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Bill & Pay is a comprehensive accounts receivable and payment software solution that enables businesses to send e-invoices, accept ACH and credit card payments, automate recurring billing, set up customer autopay, send automated reminders, and provide customers with a customizable payment portal. It is offered as a standalone SaaS application or with native QuickBooks Online synchronization, and is also embedded as a white-label integration inside ISV and SaaS partner applications through Payroc's payment processing infrastructure.

Product overview

Bill & Pay is a full-featured accounts receivable (A/R) software platform offered by Payroc. The core product is the Bill & Pay A/R Software, which handles e-invoicing, payment acceptance (ACH and credit cards), automated recurring billing, autopay, and auto-reminders. It ships as a standalone application or with native QuickBooks Online sync. The platform includes a customizable white-label payment portal for end customers and exposes both a Developer API (for custom integrations and ERP sync) and a Reseller API (for partner-led account provisioning and revenue sharing). The product is positioned as white-label infrastructure for ISV/SaaS partners and as a direct SaaS solution for merchants and financial institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Bill & Pay A/R Software Full-featured accounts receivable software that enables businesses to send e-invoices, accept ACH and credit card payments, automate recurring invoices with fixed or variable amounts, manage autopay, send automated reminders, statements, and collections communications, and synchronize customers, invoices, and payments with accounting systems. Available standalone or with QuickBooks Online sync, and targeting SMBs, ISVs/SaaS providers, financial institutions, and resellers.
• Bill & Pay Payment Portal Customizable, white-label payment portal where end customers can view invoices, make payments via ACH or credit card, set up autopay, and enter payment information directly, with partner-controlled branding (logo, colors, message). Strengthens PCI compliance by keeping cardholder entry on Bill & Pay infrastructure.
• Bill & Pay Developer API Open, web-based REST API with XML and JSON support and webhooks for event-driven development, enabling developers to create custom integrations, synchronize customer invoices and payments with ERP or any external system, and build payment functionality directly into their own sites.
• Bill & Pay Reseller API API program for resellers and partners enabling automatic provisioning of new accounts and revenue sharing for every payment processed, allowing financial institutions and resellers to package Bill & Pay as part of their service offering with personalized implementation support.

Quantifiable outcome

• 800% increase in payment processing volume within 2 years

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• DeltekcoreTechnology or IntegrationDeltek, an enterprise software/ERP provider, implemented Bill & Pay's white-label payment integration. The partnership demonstrated significant results with Deltek's payments volume increasing 800% within 2 years, showcasing the value of embedded payment processing for software vendors.
• QuickBooks (Intuit)coreTechnology or IntegrationBill & Pay offers native integration with QuickBooks Online, enabling automatic synchronization of customers, invoices, and payments. Users can authenticate via Intuit's OpenID Connect and access their QuickBooks accounts directly through the Bill & Pay portal.
• PayroccoreOEM/ Whitelabel/ Licensing PartnerBill & Pay is a product and trusted solution of Payroc LLC, a registered ISO/MSO operating through multiple banking partners including Fifth Third Bank, PNC Bank, Wells Fargo, Deutsche Bank, Merrick Bank, Woodforest National Bank, and KeyBank. Payroc provides the underlying payment processing infrastructure, funding, and PCI-compliant security.

Scale indicators1 record

Recent moves1 record

Expansion highlights5 records

Direct peers

• Bill.com: Bill.com is a leading B2B bill pay, invoicing, and accounts receivable automation platform serving SMBs and mid-market. It directly competes with Bill & Pay in electronic invoicing, online payments (ACH/cards), and recurring/AP workflows — but at a larger, enterprise-grade scale.
• Stripe Invoicing: Stripe's Invoicing and Connect products provide hosted invoice generation, ACH/card acceptance, and embedded payment infrastructure for SaaS platforms. Bill & Pay competes for the same white-label embedded invoicing/AR use case that Stripe targets via its developer-first API.
• Versapay: Versapay offers B2B accounts receivable automation, electronic invoicing, and integrated payments (cards/ACH) with an emphasis on embedded AR workflows for software partners and mid-market businesses — a near-identical value proposition to Bill & Pay.
• Modern Treasury: Modern Treasury provides payment infrastructure APIs (ACH, wire, RTP, card) and embedded payment workflows for software platforms and fintechs. It competes head-on with Bill & Pay's API-first, white-label embedded payments positioning for SaaS partners.
• Melio: Melio is a B2B payments platform focused on SMBs, offering invoice payment, vendor payments, and accounting integrations (QuickBooks). It overlaps with Bill & Pay on the SMB invoice + payment acceptance use case.
• Dwolla: Dwolla provides ACH and open-banking payment APIs for platforms that need to move money between US bank accounts. Its platform-first, API-led approach and white-label capabilities make it a direct comparable for Bill & Pay's developer/ISV channel motion.
• FreshBooks: FreshBooks is a cloud accounting and invoicing platform for SMBs and freelancers, with built-in card/ACH payment acceptance on invoices. It competes with Bill & Pay's standalone AR/QuickBooks-connected offering for the small business buyer.
• PaySimple: PaySimple delivers recurring billing, invoice, and ACH/card payment acceptance tools designed for SMBs and financial institutions. Like Bill & Pay, it combines subscription-style AR software with payment processing and reseller relationships.

Broad incumbents

• Square Invoicing (Block): Square (Block) offers hosted invoicing plus card and ACH acceptance as part of its broader payments-and-SaaS ecosystem. It overlaps with Bill & Pay's invoicing-and-payment acceptance value proposition but operates at much broader scale and across many non-AR verticals.

Emerging players

• Routable: Routable provides bill pay, invoice payment, and money-movement APIs for software platforms, similar to Bill & Pay's API-first embedded AR posture. It's an emerging competitor targeting marketplace and SaaS platform customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/billandpay
• Facebookfacebook.com/212671625459085
• LinkedInlinkedin.com/company/payroc
• Instagraminstagram.com/payroc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bill & Pay