Ottimate offers two powerful ways to automate vendor payments with digital cards. While both offer secure processing and the same cashback percentage, they are designed for different business needs.
vCards: One-Time Use Cards
vCards are designed for single-use payments tied to specific, individual transactions.
How it works: Once a payment is approved in Ottimate, we initiate a bank account pull to fund the card. Once funded, the card details are shared with the vendor to process that specific payment. Once the vendor runs the charge, the card is retired.
Ideal for: Suppliers you pay inconsistently or for invoices that vary significantly in amount month to month.
Card on File: Recurring Automation
Card on File targets Utility Providers (electricity, water, gas) and Monthly Recurring Services (subscriptions, waste management).
Process: Instantly create a card in VendorPay and provide its details to your vendor. The vendor stores these details and initiates charges automatically when invoices are due.
Funding flow: For each CoF transaction, Ottimate advances funds for processing. Only after the vendor’s account is settled do we withdraw funds from your bank to complete the process.
Ideal for: Any vendor that supports "Auto-pay" or requires a card to be kept in their billing portal.
Note: Please note that cashback percentages are account-specific based on the terms of your individual contract with Ottimate.
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