GroupPay Account Overview

GroupPay© is an efficient, easily implemented solution for companies who pay a large number of individuals for commissions, payroll, rebates or incentives. By eliminating the high cost of issuing, disbursing and managing checks you realize savings in all your processes.

Benefits of GroupPay© to your company:

Cost Effective: GroupPay© reduces the high processing costs associated with traditional payment instruments.

The average cost of issuing checks is estimated at $5.00 per item. This figure includes processing, distribution, bank charges and reconciliation. Reduce this cost dramatically by sending payments electronically through GroupPay©. GroupPay© decreases labor costs associated with researching lost checks, reissuing payment and placing stop payments. Facilitate service to recipients using online statements which display real time status of payments.

Convenient: GroupPay© produces detailed online statements for each payment and allows you to place stop payments on unclaimed payments at the click of a button 24 hours a day, 7 days a week.

Easily Managed: GroupPay© utilizes user-friendly technology and requires only the recipient’s email address, payment amount and optional message or reference number.

Secure: GroupPay© sends payments electronically eliminating lost or stolen checks.

Benefits of GroupPay© to the recipient:

Efficient: Recipients receive payments instantly to their email address, eliminating the need to deposit checks.

Secure: Recipients will not need to worry about checks being lost in the mail.

Control: Recipients can manage their own accounts and view their account history 24 hours a day, 7 days a week.

Flexible: Recipients have numerous options for using funds, including cashing out to a personal bank account, sending money to anyone with an email address or purchasing online content at any Paystone online merchant. Bank cash out is available in many countries around the world. Please note that recipients in China cannot sign up for a Paystone account to receive GroupPay funds, however, they can receive funds through Shanghai Pudong Development Bank. Please consult with Paystone Sales staff for more information.

Contact a Paystone salesperson to discuss how GroupPay© can facilitate your payments and increase your bottom line.