Faster Payments

Overview

Faster Payments is an optional Ramp feature designed to help you get paid more quickly for invoices processed through Ramp Bill Pay. Instead of waiting days for a standard ACH transfer, you can opt in to receive payment as fast as a few minutes —minus a small 1% fee— so you can access your cash sooner.

Why use faster payments?

Boost Your Cash Flows: get your money sooner so you can reinvest or cover expenses without delay.
Reduce Payment Processing Anxiety: Faster Payments can help you avoid the typical waiting period for standard ACH transfers.
Easy One-Click Acceptance: opt in through a simple link in your email or via the Vendor Portal. No complicated setup or additional documentation needed.

How much do faster payments cost

Most Faster Payments offers include a 1% fee, which is deducted from the final payment amount. There are no other hidden charges. Eligible vendors may qualify for no-fee Faster Payments when eligible payments route to a Ramp Checking Account; see No-fee Faster Payments with Ramp Checking Account.

How it works

Initiation

Your customer schedules a payment through Ramp Bill Pay. Normally, this payment would arrive via a standard ACH transfer in about 3–5 business days.

Offer

If your payment is eligible, you’ll receive an offer email or see the offer in your Ramp Vendor Portal (if signed up) in your invoice details. Not all payments are eligible and offers are not guaranteed. For no-fee eligibility with Ramp Checking Account, see No-fee Faster Payments with Ramp Checking Account.

There are 2 types of offers:

Instant - Your payment is eligible to be paid instantly(payments typically complete in a few minutes). If eligible, your offer email will say "Get paid now".

Faster Payments instant offer email showing Get paid now

Same-day - Your payment is eligible to be paid that day, if you accept before 4pm ET. If accepted after 4pm ET, it may be paid the following business day. If eligible, your offer email will say "Get paid today".

Faster Payments same-day offer email showing Get paid today

Accepting the offer

Click the link in the email or use the button in the Vendor Portal to confirm your payment date and that you want to accept Faster Payments. Please also confirm the destination account bank details where the payment will be deposited.

*Note:*Dismissing the offer on the receivable in the Vendor Portal will reject the offer and no longer allow you the option to accelerate the payment.

Accepting the Faster Payments offer in the Vendor Portal

Faster Payments acceptance page showing invoice total, 1% fee, and new payment amount

You do not need a Vendor Portal account to accept the offer. You can accept it directly from the email. However, having a Vendor Portal account offers additional visibility into your payment statuses and simplifies future Faster Payments.
Offer expiration: The offer expires 48 hours after it is issued. After that window, your payment will continue under the normal ACH schedule.
Bank details: You’ll have a chance to review your account information when you accept the Faster Payments offer. If there’s an issue after you’ve confirmed, please contact our Support Team immediately for assistance.
Accepting an offer cannot be un-done.

Transfer

After accepting the offer, Ramp changes the speed of your payment rails to accelerate your payment into your account.

For instant eligible payments, we use Real Time Payments (RTP) rails, and your payment should land in your account in a few minutes.

For same-day eligible payments, we useSame Day ACHrails for faster delivery.Funds will then land in your bank account on the date specified on your offer page (minus a 1% fee). Please note that it can take up to 9pm EST for the funds to arrive.

If you accept after 4 PM ET, your payment may arrive the next business day.

Once your payment is processing, you'll see a Payment initiated status in your Vendor Portal account. This status will change to Paid once the payment is complete and made to your payment account.

Your customer will be able to see that the payment was delivered earlier than scheduled, but not that you elected to use Faster Payments.

Auto-accept faster payments

If you frequently accept Faster Payments offers, you can enable auto-accept to skip the manual review step. When auto-accept is turned on, eligible Faster Payments offers are automatically accepted on your behalf as soon as the payment is scheduled. You do not need to review and accept each offer individually.

The same 1% fee applies to auto-accepted offers, and it is deducted from the payment total automatically.

Enabling auto-accept

To turn on auto-accept:

Sign in to the Vendor Portal.
Go to Vendor Profile > Payment details.
In the Faster Payments section, toggle on Auto-accept Faster Payments offers.

The setting takes effect immediately. Any new eligible Faster Payments offer created after you enable the toggle will be accepted automatically.

To disable auto-accept, return to the same page and toggle the setting off. Turning it off does not reverse offers that were already auto-accepted.

How auto-accept works

Auto-accept applies to both instant (Real Time Payments) and same-day (Same Day ACH) offers.
Offers are accepted automatically when the payment is scheduled. There is no delay or manual review step.
The same eligibility requirements apply as for manual acceptance. Not all payments are eligible, and offers are not guaranteed.
Payments initiated after 4 PM ET may process the next business day.
Auto-accepted offers cannot be reversed, just like manually accepted offers.

For full terms, see Vendor Faster Payments Terms.