Unify accounts receivable, accounts payable, and trade credit on one intuitive platform.
Visit WebsiteTL;DR - Nickel
- Unifies A/R, A/P, and trade credit management on a single platform.
- Offers unlimited free ACH transfers for both sending and receiving payments.
- Provides tools to get paid faster, pay vendors efficiently, and extend cash flow.
Pricing: Free plan available
Best for: Growing teams
4.9/5 across review platforms
Pros & Cons
Pros
- Eliminates multiple payment tools by centralizing A/R, A/P, and trade credit.
- Significantly reduces processing costs with unlimited free ACH transfers.
- Accelerates payment collection and vendor payments, improving cash flow.
- Simplifies reconciliation with one-for-one settlement and real-time QuickBooks sync.
- Offers flexible payment options for customers and vendors, enhancing satisfaction.
Cons
- Credit card processing fees apply for card payments (2.9%).
- Check mailing for bill pay incurs a $2 fee.
- Primarily focused on US domestic payments and businesses.
Ratings Across the Web
4.9(183 reviews)
Ratings aggregated from independent review platforms. Learn more
Preview
Key Features
Accept card, free ACH, and check paymentsSend payments to any business or individual via card, ACH, or checkActivate customers and extend net terms with confidenceUnlimited free ACH bank transfersBranded payment links for online paymentsOne-click payment for returning customersDeposit checks without bank runsOption to pass on credit card fees to customers
Pricing Plans
Free TrialCore
Free
- 3 Seats
- Quickbooks Online Sync
- Max transaction size $25,000
- Credit Card 2.9%
- ACH Bank Transfer $0
- Mail a check $2
- Deposit a check $0
- Credit Card 2 business days
- ACH Bank Transfer 3 business days
- Deposit a check 3 business days
- Self service payment portal
- Branded payment links
- Partial and full refunds
- Securely save buyer's payment info
- Set up recurring payments
Plus
Contact us
- Unlimited Seats
- Quickbooks Online Sync
- Xero Sync Coming soon
- Max transaction size $1,000,000
- Credit Card 2.9%
- ACH Bank Transfer $0
- Mail a check $2
- Deposit a check $0
- Credit Card Next business day
- ACH Bank Transfer 2 business days
- Deposit a check 3 business days
- Self service payment portal
- Branded payment links
- Partial and full refunds
- Securely save buyer's payment info
- Set up recurring payments
- Approvals workflow
- Vendor onboarding
- Collect W9 and 1099s Coming soon
- Schedule payments in advance
- Recurring payments
Pro
Contact us
- Unlimited Seats
- Quickbooks Online Sync
- Xero Sync Coming soon
- Max transaction size $1,000,000
- Credit Card 2.9%
- ACH Bank Transfer $0
- Mail a check $2
- Deposit a check $0
- Credit Card Next business day
- ACH Bank Transfer 2 business days
- Deposit a check 3 business days
- Self service payment portal
- Branded payment links
- Partial and full refunds
- Securely save buyer's payment info
- Set up recurring payments
- Approvals workflow
- Vendor onboarding
- Collect W9 and 1099s Coming soon
- Schedule payments in advance
- Recurring payments
- Digital credit application
- Credit report and insights
- Credit review & approval workflow
- Net terms advance
- Send compliance documents
- Automated collections
What is Nickel?
Nickel is a comprehensive payment platform designed for America's core businesses, unifying accounts receivable (A/R), accounts payable (A/P), and trade credit management. It replaces disparate tools, PDF forms, and phone calls with a single system to give businesses full control over their money movement. The platform enables businesses to accept various payment types, including card, free ACH, and checks, and facilitates sending payments to any business or individual via card, ACH, or check, with real-time tracking and custom approvals.
Nickel is built for small to medium-sized businesses, particularly those in industrial sectors, aiming to streamline their entire payment cycle. It helps businesses get paid faster by offering flexible payment options to customers, pay vendors without delays by holding onto cash longer, and close deals faster by quickly vetting and onboarding new customers with credit insights. The platform also extends cash flow by allowing businesses to receive net term payments in advance and offers unlimited free ACH bank transfers, reducing processing costs and improving cash flow management.
Reviews
Be the first to review Nickel
Your take helps the next buyer. Verified LinkedIn reviewers get a badge.
Write a reviewBest Nickel Alternatives
Top alternatives based on features, pricing, and user needs.
StripePaid
Payment infrastructure for the internet
EventbriteFreemium
Event management and ticketing
SpendeskPaid
Centralized spend management for businesses, offering control, efficiency, and real-time insights.
PayoneerPaid
Global payment solutions for businesses, freelancers, and marketplaces to pay, get paid, and grow globally.
FastSpringPaid
All-in-one digital commerce platform for SaaS, software, and digital goods, handling payments, subscriptions, and global tax compliance.
SiftPaid
Stop fraud fast and grow revenue faster with AI-powered digital trust and safety solutions.
Explore More
Nickel FAQ
How does Nickel facilitate offering net terms to customers while ensuring the business gets paid upfront?
Nickel allows businesses to offer net terms to their buyers, enabling customers to pay in 60 days, while the business receives payment upfront. This is achieved by providing credit insights, decision workflows, and funding when needed, effectively taking on the risk for the business.
Can Nickel help my business manage credit card fees, and how does it handle compliance for passing these fees to customers?
Yes, Nickel provides the option to choose whether your business or your customers cover the cost of credit card fees. It automatically calculates and applies these fees compliantly, ensuring that your business adheres to regulations when passing on surcharges.
What is 'One for One Settlement' in Nickel's reconciliation process, and how does it benefit my finance team?
One for One Settlement means every transaction is settled individually with your bank, eliminating the need to download and match batch payment reports. This simplifies reconciliation, reduces manual effort, and provides clearer visibility into each transaction's status.
How does Nickel ensure faster payment delivery to vendors compared to other solutions, and what options are available for vendors to receive payments?
Nickel works directly with sponsor banks, bypassing payments middlemen, which makes payments faster and cheaper. Vendors can receive payments via bank transfer or a physical check in the mail, with Nickel delivering payments up to 2x faster than many competitors.
Beyond basic QuickBooks integration, what specific functionalities does Nickel offer for syncing invoices, bills, and payment details?
Nickel offers a native QuickBooks Online integration that automatically syncs and sends invoices and bills from QuickBooks to Nickel. When a payment is made or received through Nickel, your QuickBooks account is instantly updated with the payment details and remittance information, eliminating manual entry and ensuring real-time synchronization without restrictions.
If my business needs to pay 1099 contractors or individuals, does Nickel support this, and are there any restrictions on payment types?
Yes, Nickel fully supports paying 1099 contractors and individuals, including sole proprietors and service providers, without restrictions. You can send payments to them using free ACH bank transfers, credit cards (to extend cash flow), or by mailing a check.
Source: nickel.com