Virtual Accounts for Commercial Payments

Are virtual accounts the key to capturing higher Accounts Payable spend or an operational deterrent to supplier adoption?

Are suppliers now willing to take commercial cards for transactions with values of $10K, $20K, and more via a virtual card number? Well, not exactly—at least not across the board and to the extent hoped. This Mercator Advisory Group Viewpoint discusses the obstacles deterring suppliers’ acceptance of virtual card payments.