Alternative Payments, founded in 2021, addresses a structural inefficiency in how service-based businesses - particularly Managed Service Providers (MSPs) - collect revenue. The company has built a platform that unifies automated accounts receivable management with a range of payment methods, including credit cards, ACH, and B2B Buy Now Pay Later (BNPL) options. By integrating with existing Professional Services Automation (PSA) systems, the platform reduces friction in the payment cycle without requiring merchants to overhaul their current workflows.
The technical scope spans payment processing, platform integration, reporting and analytics, and automated AR management. The product delivers a white-labeled checkout experience, allowing service businesses to offer clients flexible payment terms under their own brand while gaining visibility into receivables through integrated reporting. This positions finance operations not merely as a back-office function but as a lever for predictable growth.
The company's mission centres on helping businesses get paid faster and reduce processing costs - a persistent pain point for MSPs and other service-oriented firms whose revenue models depend on recurring or project-based billing. By solving these challenges, Alternative Payments aims to transform accounts receivable from an operational burden into a strategic asset.
