Bluevine, a Jersey City-based digital banking platform for U.S. small businesses, announced a partnership with Stripe, which provides payment processing infrastructure, to launch invoicing and payment links for small businesses.
The company said these new features allow its customers to create and share professional invoices and payment links within minutes. Small businesses will be able to get paid faster and accept multiple payment methods while getting paid directly into their Bluevine accounts. The launch of this platform will help serve traditionally underserved business sectors.
Bluevine’s invoicing and payments links allow small business owners to create professional invoices and secure payment links that can be sent by email, text, custom links, or social media for free, with owners only having to pay processing fees. Through the Stripe payment infrastructure, Bluevine customers can get paid by way of credit card, debit card, digital wallets, or ACH direct debit payments. The aim is to bring enterprise-grade speed, reliability, and security to invoicing, and provide the smallest businesses access to a sophisticated, seamless payment processing experience.
The company believes these features will add more value for its diverse base of business customers including accounting and consulting firms, contractors and tradespeople, medical practices, and many more. The tools are designed to eliminate the friction of chasing payments and juggling multiple platforms.
“By streamlining and simplifying how business owners accept payments and integrating accounts receivable tools directly into their Bluevine checking account, we’re giving them back valuable time to focus on running their business,” said Eyal Lifshitz, co-founder and CEO of Bluevine.
Bluevine is backed by private and institutional investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance, and M12 (Microsoft’s Venture Arm).
Stripe is a dual-headquartered company in South San Francisco, Calif., and Dublin, Ireland. In 2011, it received $2 million in investment, including financial support from Elon Musk and PayPal founder Peter Thiel.
