The four pricing plans are suitable both for businesses and accounting firms. Furthermore, the Bill.com cost does not change according to the previously mentioned cost per user. However, they do charge extra fees on transactions.
Does Bill.com have a free trial?
Yes, Bill.com comes with a 30 days trial and requires billing information. The software gives you the option to try out all the features and decide if it has the value for money you are looking for. After the free trial, you have to choose which pricing plan suits you best.
Above all, remember that if you do not choose which package you would like, Bill.com will automatically charge you the Corporate price at the end of the trial.
You can choose the package you like from the Settings menu, and future months will be billed according to the choice.
Bill.com fees for transactions
Bill.com fees vary depending on the type of transfer you operate. However, if you pay attention to the details, you will notice that some of the fees come with loopholes.
ePayment/ACH processing fee
$0.49/send & receive
Mailed check & Invoice
$1.69/check payment or invoice
Receive payments via credit cards
Merchant Fees: Level 3 processing rates available
International wire transfer fee
In local currencies $0.00 & $9.99 in USD
Vendor Direct virtual card payment
$0 transaction fee for payments sent to vendors who accept Vendor Direct virtual card
However, please pay attention to the actual Bill.com cost before the purchase, as it might cost you more than you expect at the end of the day. If you chose to use the software for only a few of your payments, keep in mind that you lose a substantial part of its benefits.
In conclusion, Bill.com is a great product with amazing features. However, it isn’t the cheapest solution for AP/ AR on the market. Therefore if you are on the budget, make sure you pay close attention to the extra fees that increase the overall cost you have per month for the solution