COVID-19 Relief Payment Program
Assisting Organizations with Executing Relief Aid Disbursement Payments to Their Member Constituents
This is an unprecedented time where businesses and the service providers who support them are struggling. COVID-19 has hurt the service industries especially hard, and Tipalti is looking for ways to help our extended community. If you are a guild, nonprofit, or trade organization looking to organize and make relief payments to your members, we may be able to make it easier, safer, and more efficient for you. Tipalti’s technology will securely onboard your members, including collecting their banking details and tax IDs, and make it simple to execute reliable electronic payments to them.
About the Program
Tipalti will waive the platform fees for our payables automation product for one year (from the point of account approval). Implementation, transaction and other fees still apply.
To qualify, organizations will be subject to compliance review and must meet the following requirements:
- Be an association, guild, or trade group
- Registration as a 501c(3)
- Be headquartered in the USA
- Need to disburse aid to its members
If you would like to speak with a representative to determine if we can help, complete the form below to set up a discovery session. Thank you and best of luck.
Trust in Tipalti
Tipalti works with over 1000 organizations and companies to make payments to their supply chain, networks, and communities and is trusted by some of the largest platforms. Amazon uses Tipalti to pay all their Twitch streamers. Roblox uses Tipalti to pay their community of game developers. GoDaddy uses Tipalti to pay their marketing partners. National Geographic uses Tipalti to pay their global network of photojournalists. Over $11 billion in payments are moved through Tipalti every year.
What does Tipalti do to ensure funds are going to the right place?
Tipalti is a licensed money transmitter and in order to maintain our compliance and ability to work with our banking partners (JP Morgan Chase, Wells Fargo), we are required to ensure both the payor companies we work with are fully screened and payees are checked against international blacklists. Tipalti receives and maintains a third-party audit certification for AICPA SSAE 16 SOC and ISAE 3402 Type II. For additional protection to mitigate payment risk, we also have automated software that flags for suspicious payments attempted through our platform and can hold funds to any payee.
Is it safe for my members to provide their personal and bank data through Tipalti?
Yes. Our systems and processes have to meet the same compliance standards as most banks. All digital interaction is SHA256-encrypted. Not only is this digital process more accurate than email or a paper form, but it is also safer and more secure for all parties involved. In addition, payees may be required to provide a second authentication method when entering the platform (such as an access code sent to a mobile phone). This adds a layer of protection when logging into their account. Again, Tipalti is used by major companies individually performing hundreds of thousands of transactions a month.
What other benefits are afforded to payees?
Beyond reliable payments, payees on Tipalti have the ability to choose their own payment method (depending on what the payor has enabled). For example, they can be paid through a paper check, US ACH (direct deposit), Global ACH (eCheck/SEPA), wire transfer, or PayPal—transaction fees may apply. Payees will also receive proactive notification of payment through email, they’ll be alerted to issues if their bank rejects their payment, and they can log in to the portal 24×7 to see payment status or update bank details. They can also complete their W-9 tax reporting forms online.
Tipalti is a robust payables automation platform trusted by over 1000 organizations
Let’s get more productive
Schedule a demo today and learn how you can take control of your payables.