As a NOW Network member, you enjoy access to the NOWaccount payment system, access to private events and services to help you grow, and use of the NOW Network membership seal of approval to demonstrate your financial strength with customers and prospects.
The NOWaccount payment system allows you to grow faster and reach more customers by eliminating AR without the burden and risk of debt – just like the credit card system allowed retailers to eliminate “house accounts”. Our dedicated member services team is available to help you leverage NOWaccount for your specific business needs.
NOW is proud to work with businesses of all sizes from around
the world and across all industries.
Frequently Asked Questions
Who is NOW Corp?
What is the NOW Network?
What is NOWaccount?
NOWaccount® is the payment system for B2B that is redefining how businesses get paid. With NOWaccount, you can choose to get paid immediately in a way that feels like taking a credit card, even when your business or government customer requires an invoice.
When you put a customer on your NOWaccount, you can choose from three payment options for each invoice:
NOWaccount Immediate Payment
Get paid within 5 business days, guaranteed. Your flat, one-time fee is based on the terms on the invoice, not when or if your customer pays. Invoice terms up to NET 30 = 3.00%, NET 60 = 3.25%, and NET 90 = 3.50%.
NOWaccount Guaranteed Payment
Get paid when your customer pays. But if your customer doesn’t pay, NOWaccount provides full payment for a flat 1.25% fee.
NOWaccount Traditional Payment
Get paid as usual, when and if your customer pays, with NOWaccount providing lockbox and administration services for a flat $5.00 per invoice fee.
Is my business eligible to use NOWaccount?
If your business is located in the U.S. and sells goods or services to other businesses or governments, in the U.S. or internationally, you are eligible for a NOWaccount. NOWaccount cannot be used for consumer transactions.
How do you approve clients (sellers) for a NOWaccount?
How do you approve customers (buyers) for a NOWaccount?
How long does it take to get enrolled in the NOW Network to start using NOWaccount?
Can my business use NOWaccount for all of its invoices?
You may choose to use NOWaccount with select customers or with all of your customers. Immediate Payment and Guaranteed Payment required credit approval of the customer. When you request credit approval on a customer, you will tell us the credit limit you are seeking for that customer. We recommend you request enough credit to cover all of the invoices you plan to send to your customer within a three-month period. We will notify you via email when your customer is approved and you may begin submitting invoices for that customer.
What happens if my customer is not approved?
Is there a minimum invoice amount?
There is no minimum invoice amount, however there is a minimum fee of $5per NOWaccount transaction. Therefore, for a Net 30 invoice of less than $167, the fee will be $5 vs. 3.00%.
Who sends the invoice to my customer?
You will continue to send the invoice to your customer and they will continue to make the payment out to your company. The only difference is the remittance address will be a PO Box or lockbox. For your customers that pay electronically, a bank account number will be provided.
What happens if my customer is late paying the invoice?
NOWaccount manages your receivables for you by sending monthly statements to your customers on behalf of your company. If an invoice reaches 90 days past due, NOWaccount will send the customer to collections. At any time in the NOWaccount system, you can see when your customers have paid and when invoices are past due. You are welcome to reach out to your customers to encourage payment, as that will free up your available credit. You also have the option of repurchasing the invoice from NOWaccount to prevent your customer from being sent to collections. If a customer is turned over to collections, NOWaccount will not be able to purchase future invoices for that customer.
What happens if my customer does not pay?
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