Payment Types

There are a lot of different ways suppliers can choose to be paid, but what do they mean?

Supplier payment types are broken down into 4 different categories: card, ACH, check, and advanced payment options. Each category has multiple options available based on what works best for the supplier to receive payments from that specific buyer. Below we will run through what each payment option means and what fields are needed for each.

Card payments

Card payments through CPX are all Virtual Card Numbers (VCN). VCNs are much more secure than using a physical card number in your wallet. These cards can be restricted to exact dollar amount, geolocation and even merchant category to ensure the payment can not be used elsewhere. When it comes to card payments you may be wondering why there are so many options... here's how they differ.

VCN Email

These are VCN's that are sent via email to the supplier each time a payment is made. When the supplier receives the email they click on the link provided and are given access to the card number to process the payment on their virtual terminal.

Required fields:

  • Valid email address

Optional fields:

  • PIN-enabled (this means you would like the supplier to set up a 6 digit PIN that must be entered prior to receiving the card number for additional security)
  • Variance - Variance can be a % or $ amount if this is enabled each time a payment is made to the supplier they will be able to take funds for the amount of the transaction plus the variance each time a payment is made.


Lodged cards are used any time a supplier needs to keep the same card number on file for every payment made by a single buyer. Each time a payment file is submitted the funds will be added to the lodged card and the supplier will receive a notification to charge the card on file.
Required fields:

  • Lodged must be set to true
  • Valid email address


Some suppliers (think those big utility companies) generally speaking, accept credit cards but require the card number to be entered into a website or delivered through a voice prompt over the phone. For suppliers like that Proxy, payments come in handy. There are no required fields for this payment type other than to set proxy as true.


Also known as a BIP (buyer initiated payment) these are transactions where the supplier has signed up for a Priority acquiring account to make it easier and oftentimes cheaper to accept card payments compared to their current card processing solution.

  • MID (9-10 characters) this ID must be generated by Priority in order to enable a supplier for BIP payments.

ACH Payments

ACH stands for Automated Clearing House, these payments go directly to the Federal Reserve. These payments always require at least a routing number, account number, and account type. The account type helps to specify if this is a checking or savings account. There are 3 different ACH payments available in CPX.

Standard ACH

These are ACH transactions just like the ones that you send from your bank. There's nothing fancy here.

Required fields:

  • Valid 9 digit Routing number
  • Valid 3-12 digit Account number
  • Account type of either "Checking" or "Savings"


Similar to standard ACH transactions except the ACH+ payment type adds a fee that the supplier/vendor must pay in order to receive their funds faster through an electronic payment method and often times in lieu of early payment from the buyer. This payment type is often negotiated with the supplier through our Supplier Enrollment team on behalf of the buyer.

Required fields:

  • Valid 9 digit Routing number
  • Valid 3-12 digit Account number
  • Account type of either "Checking" or "Savings"
  • Fee type which can be either a discount rate (percent) or a flat fee (dollar amount)
  • Fee Amount
  • Specify if the collection of the fee from the supplier should be separate or netted out of the original payment

Dynamic Discounting

Hands down our most complex payment type available within the CPX platform, this payment type is also referred to as an "early pay discount". With dynamic discounting the buyer and supplier come to an agreement that if an invoice is paid before the low term days they will receive a full early payment discount, if it's paid after the high term days they won't receive any discount, and if the buyer pays between the low and high term days they will receive a partial discount. The beauty of this payment type is it's mutually beneficial to both parties, the supplier wants their funds sooner so they will give the buyer a discount to receive those funds, but if the money doesn't come early enough no discount is applied. All of that wonderful logic is baked into CPX so the buyer doesn't have to do any funky calculations prior to submitting the transaction. This payment type is similar to ACH+ in that it is often enabled by our expert Supplier Enrollment team who negotiates these terms with the supplier on the buyer's behalf.

Required fields:

  • Valid 9 digit Routing number
  • Valid 3-12 digit Account number
  • Account type of either "Checking" or "Savings"
  • Discount Rate (the discount amount that should be applied for early payment)
  • Low term days
  • High term days
  • Specify if the collection of the discount/fee from the supplier should be separate or netted out of the original payment

Check Payment

Check payments although slow and time consuming are still widely known and accepted by suppliers. These are payments that are printed and mailed through traditional mail services. Check payments require additional information from both the sender and receiver of the check. In this section, we will just focus on what is needed from the supplier side. Unlike the other payment types mentioned above, there is only one type of check payment.

Required fields:

  • Payable to - which describes the name of the supplier or division that receives check payments and is limited to 48 characters
  • Address - Address where the supplier receives check payments (often a different address from their physical location)
  • City
  • State
  • Country
  • Postal Code