MCLEAN, Va.—Capital One said it has introduced a solution aimed at bringing flexible payment options and improved cash flow to its small business customers by enabling them to make credit card payments even where they are generally not accepted.
Through a collaboration with B2B payments startup Melio, Capital One reported its small business customers can now pay their bills via credit card to vendors all across the United States, including those who prefer direct bank or wire transfers, as well as paper checks, Tearsheet reported.
Melio pays these vendors using their preferred payment method without requiring them to open a Melio account.
Capital One’s small business customers get a discount on all credit card purchases in the first year after signing up for the service, the company said.