Baton Payments
Small business B2B payments, redefined.
Now small businesses can get paid their money — on their terms. It’s a better way to do business.
Why now
Evolving small business financial services
Finally, small business suppliers selling on invoice terms can get the benefits of real-time, risk-free, debt-free payments — just like the benefits retailers experience every day when taking card payments.
The supplier keeps extending the same (or better) invoice terms. The buyer keeps the “buy now, pay later, no interest” terms it wants and needs.
Two sides, one invoice
Baton and Member Banks working together
A critical gap in small business financial services, closed from both ends.
Suppliers…
- Become more competitive on invoice terms
- Continue to invoice buyers as before
- Maintain control of their buyer relationships
…buyers
- Pay the invoice when and how they always have
- Make payments in the supplier’s business name
- Find interaction with Baton virtually invisible
How it works
Four steps, a few clicks
Small business suppliers can stop the 30, 60, 90+ day payment waiting game.
01
Easy, hassle-free
Sign up
Applying takes less than 5 minutes. No financial statements or tax returns required.
02
Invisible to them
Qualify buyer
Over 90% of qualifications are made in real time. Once qualified, the supplier sells with confidence.
03
Select invoices
Submit invoice
The supplier chooses which invoices to be paid early. It is as easy as clicking “pay now”.
04
3 days or less
Get paid
Payments are electronically deposited into the supplier’s DDA account in as few as 3 business days.
Take a minute to see how easy it is
For Member Banks’ small business customers: get paid, on your terms, and keep the power to finance your own growth.
Run your own invoiceThe flow
Baton invoice payment flow
Member Banks and suppliers keep full transparency on invoice payment status, at every step.
Outgoing — the supplier is paid
Invoice submittedInvoice to a qualified buyer submitted by the supplier
VerifiedInvoice verified and decisioned by Baton
FundedDaily funding request sent to, and approved by, the Member Bank
Purchase amountInvoice purchase amount deposited into the Baton payables account
PaidInvoice payment by ACH to the supplier
Incoming — the buyer pays
Buyer paysBuyer sends invoice payment to Baton by ACH or lockbox
DepositedPayment deposited in the Baton receivables account
ClearingPayment posted in Baton; funds held for clearing
SettledInvoice settlement: principal and fees to the Member Bank
ClosedInvoice status set to closed — paid
Selling power™
Know the price before you sell
Four numbers, fixed for each qualified buyer, known before an invoice is ever submitted.
-
Supplier fee
A one-time, known fee on invoices owed by this buyer. Assessed as a discount on the supplier payment and collected when the buyer pays.
-
Customer invoice limit
The maximum amount eligible to be paid to the supplier, and to have outstanding, on invoices owed by this buyer.
-
Maximum invoice term
The longest payment term allowed for this buyer on invoices paid through Baton.
-
Re-qualification date
The date the SELLING POWER™ terms expire. Baton reassesses automatically.
Revenue calculator
What an invoice is worth today
The original site had a revenue calculator; that page was not archived. This is a simple rebuild of the idea, using the fee range the company published: 2.5% to 5.5%.
The face value of one invoice.
Net 30, 60, 90 — how long the buyer normally takes.
The published range, set by the buyer’s payment risk and invoice term.
You receive
$24,000
Illustrative only. It reproduces the published fee range, not the company’s own calculator, whose logic did not survive.
Factoring, compared
Un-factor your receivables
| Factoring | Baton | |
|---|---|---|
| Advance on the invoice | 80–90% of invoice value | 100%, less a fixed fee |
| If the buyer never pays | Recourse — the supplier repays | No recourse, once delivered as promised |
| Cost | Fees plus charges | One fixed, known fee |
| Late buyer | Costs more | Costs nothing extra |
| Minimums | Volume requirements common | None — choose the buyers and invoices |
| Balance sheet | Debt-like facility | Not a loan or line of credit |
FAQ
Frequently asked questions
Answered from the company’s own pages. Where it answered at length, the answer is shortened here, not changed.
Baton knows small business — it is one. Founded by small business banking and financial services veterans, it designed a financial solution exclusively for small business: a debt-free B2B invoice payment service that gives the supplier control over cash flow.
Driven by four core beliefs, Baton works with Member Banks to move accounts receivable balances and risk from the balance sheet of the small business to the balance sheet of banks.
- You get paid 100% of the invoice value, less the known, fixed fee, in as few as 3 days.
- You select which customers to qualify. It is invisible to them.
- You choose which invoices to submit for payment.
- Pricing is fixed and known before an invoice is submitted.
- You extend the same payment terms (or better) that your customers already get.
- The businesses you sell to remain your customers, not Baton’s.
Once a customer is qualified, the price is known. The fee ranges between 2.5% and 5.5% and varies by customer, because it is based on that customer’s payment risk and invoice term.
The fee is part of what Baton calls SELLING POWER: before you sell you know the fee, the maximum invoice term, the maximum amount Baton will hold outstanding for that customer, that you are paid in as few as 3 days, and that payment risk is gone.
- No holdbacks — factoring pays 80–90% of invoice value; Baton pays 100%, less the fixed fee.
- No recourse — if the buyer does not pay, the supplier does not pay Baton back.
- No hidden fees — the fee is fixed; a late buyer does not cost more.
- No usage minimums — the supplier chooses which buyers to qualify and which invoices to submit.
- No debt — it is not a loan or a line of credit.
Applying takes less than 5 minutes, with no financial statements or tax returns required. Over 90% of buyer qualifications are made in real time, and payments are deposited electronically into the supplier’s DDA account.
No. Buyers keep their invoice terms and pay as they always have, in the supplier’s business name. Interaction with Baton is virtually invisible to them, and the buyer remains the supplier’s customer.
Member Banks fund them, either directly or by being matched to a funding partner. Baton provides the network rails and operates the payments platform.
Together we can do more.
Start with one invoice. No financial statements, no tax returns, no minimums.