What is Nickel?
Nickel is a comprehensive financial technology platform designed for small businesses seeking to optimize their entire payment cycle. It enables users to accept card, ACH, and check payments in a single, intuitive interface while allowing for swift bill payments to vendors and contractors. Nickel's robust features extend to digital credit applications, customer credit insights, approval workflows, and seamless synchronization with QuickBooks Online, eliminating manual data entry.
With tailored solutions for wholesale, manufacturing, and construction, Nickel accelerates customer onboarding, payments, and vendor disbursements while supporting unlimited free ACH transfers. The platform emphasizes full control over accounts receivable, accounts payable, and trade credit processes, resulting in strengthened cashflow and increased operational efficiency. Its transparent pricing, real-time support, and customizable reporting make it an essential solution for modern small businesses.
Features
- Unified Payment Platform: Accepts card, ACH, and check payments in one interface
- Unlimited Free ACH: Send and receive ACH bank transfers with no fees
- QuickBooks Online Integration: Real-time data syncing with QuickBooks Online for invoicing and reconciliation
- Automated Bill Pay: Schedule and manage payments for vendors and contractors with approval workflows
- Digital Credit Application: Activate customers and extend net terms with automated credit checks and insights
- Advanced Permissions: User management with customizable permission settings
- Payment Portal: Branded customer portal for easy invoice payment
- Live Transaction Tracking: Monitor every payment and track cashflow in real time
- Automated Collections: Send collections documents to customers as needed
- Custom Statement Descriptors: Create personalized bank statement entries for easy transaction identification
Use Cases
- Automating accounts receivable and payable for small businesses
- Onboarding and vetting new customers with digital credit checks
- Extending net payment terms to clients and receiving advance payments
- Paying vendors and 1099 contractors quickly via multiple payment methods
- Integrating invoice and payment data seamlessly with QuickBooks Online
- Enhancing cashflow management with real-time transaction visibility
- Replacing manual payment workflows and reconciliation with a centralized platform
- Sending and receiving unlimited ACH bank transfers at no cost
FAQs
-
How does Nickel pricing work?
Nickel customers pay a monthly subscription to access the platform, usually billed annually, with additional per-transaction fees for certain payment methods such as check payments. -
Is there a free version of Nickel?
Yes, Nickel offers a free plan to help businesses get started and simplify payments without incurring subscription costs. -
Can I pay month to month?
Yes, monthly payment is available, though customers can save 20% or more by choosing an annual subscription. -
How can customers manage their Nickel plan?
Customers can upgrade, downgrade, or cancel their plan at any time via the settings page in their Nickel Dashboard.
