NextPay is the best alternative to corporate bank accounts for small businesses and entrepreneurs in the Philippines. Through the platform, businesses can collect customer payments via digital invoices, manage their company money, and pay their employees, or suppliers, or bills in batches—to any bank or eWallet.
Lowering the barriers for growing businesses, NextPay operates on a pay-per-use model and does not require any set-up fees, maintaining balances, or ridiculously steep requirements.
Since it started in 2020, the digital platform has processed more than PHP 170 million worth of transactions for over 100 businesses in the Philippines.
How do I get started?
We made it really easy for freelancers, solo entrepreneurs, or other registered businesses to start using NextPay.
First, create an account on our site. We'll be collecting a picture of your ID, some information about yourself and your business first. If you're a registered business, you'll need to submit some additional documents to verify it.
The requirements vary depending on your business type. While you're being verified, you can already add your employees, customers, suppliers to the directories and start setting up your company.
What are NextPay's features?
Through NextPay, you can centralize and simplify managing your growing company’s finances.
Keep company money in one place Keep company and personal money separated. Through NextPay you can just store your money and spend it or cash out when you need to. There are no maintaining balances or setup fees.
Send batch payments to suppliers or employees Securely pay employees or suppliers in batches to any bank or eWallet they already use. Each recipient gets notified of the payment confirmation via SMS and Email. No more dealing with cheques, cash, and multiple manual methods of sending money.
Receive money via trackable digital invoices and payment links Collect payments from your customers by generating simple digital invoices and payment links that can be tracked in real time. They can pay online via credit card, eWallet, bank transfer, or over-the-counter (coming soon!). Money collected will end up back in your NextPay account.
Generate reports for easy bookkeeping Understand and track your company finances by generating downloadable reports for easier accounting and bookkeeping.
Pay bills online (Coming soon!) Soon, you'll be able to settle your corporate bills through our platform as well—from utilities to corporate phone bills to credit card fees.
What are the fees?
We’ve made it flexible and affordable for growing businesses by only charging per transaction.
Sending money* via disbursements: PHP 15 per PHP 50,000 to a single recipient, to any bank or eWallet in the Philippines. ie. If you send PHP 55,000, the fee will be PHP 30. Transfers are sent almost instantly, depending on the recipient’s bank. Recipients receive an SMS and email confirmation for their records. You can send to as many recipients you want!
Receiving money via digital invoicing: Direct Debit: PHP 30 under PHP 50k, 0.1% above PHP 50k Credit & Debit cards: PHP 15 + 3.5% International cards: PHP 15 + 4.5% eWallets (GCash, PayMaya & GrabPay): PHP 2.9%
There are NO setup fees or maintaining balances. There are NO minimum or maximum amounts for sending or receiving money either. Depending on frequency and volume, we can customize a package for your company. Contact us at firstname.lastname@example.org or visit our Help Center to learn more.
Who can manage my NextPay account?
You can invite your team members to manage your NextPay account. There are multiple levels of access and visibility, which also allows for a more secure maker-checker process.