Improve working capital and pay suppliers on time.
Virtual payments
The virtual way to manage your payments
Barclaycard Precisionpay aims to make virtual payments easier and faster, while helping to improve working capital and increase business efficiency.
Check out the benefits and the range of virtual payment options for you to choose from.
The business benefits of virtual payments
Make business purchases without a physical card.
Easily integrates with your existing purchasing systems.
View and control your expenses, and streamline processes.
Your Precisionpay options
Precisionpay Go with Apple Pay
With our app-based solution, Precisionpay Go, you could gain more control and visibility over ad hoc business spend – whilst giving your employees the flexibility of making payments both online and on the move with Apple Pay. To learn more, read our handy guide.
Precisionpay Bank Transfer
Ideal for directly paying suppliers who don’t wish to take card payments. Manage your working capital with up to 56 days to settle after supplier payment and benefit from efficient processes and flexible payment options for both buyers and suppliers.
Precisionpay Online
All the benefits of card payments with secure, bespoke controls. Settle payments efficiently with approval processes already in place. For use alongside existing systems, including phone and online buying.
Precisionpay Connect
Ideal for buying from strategic buyers directly through catalogue or booking systems, connecting to a buying system or portal with a standard API. Payments are completely automatic at point of sale, with no need for paper invoices.
Precisionpay Virtual Prepaid
With Precisionpay Virtual Prepaid, you can swap out cash by preloading funds onto a virtual card – handy for spending across a number of sectors. It’s secure too, has reporting tools and works alongside your existing systems.
Precisionpay Direct
Stay in control of direct and occasional purchases from new or lesser used suppliers. Purchase through a dynamically funded virtual card with no need for paper invoices and settle later with Barclaycard. It’s simple to adopt and use, with automatic reconciliation of purchases to payments.
Where to head next
Travel Management
Streamline bookings and business travel spend by keeping information in one secure account. Your business can charge travel spend to the same card with centralised payment.
Corporate card
Keep things simple with a globally-accepted payment solution – the easy way to manage international travel, expenses and high-volume purchases in one place.
Purchasing card
Set budgets across departments and teams to reduce or eliminate the need for petty cash on low-value, high-volume or occasional business purchases.
Fuel card
Manage business fuel costs and car fleets and light goods vehicles with Fuel, widely accepted across UK and Europe.