PayRewards supports payment for a wide range of business expenses, including:
Suppliers and vendors
Rent
Contractors
Some federal and state taxes
Retirement and benefits providers
Employees
With the exception of employee payroll, PayRewards only facilitates payments to registered businesses with a valid Employer Identification Number (EIN).
Prohibited Industries and Payment Types
Due to regulatory requirements, PayRewards is unable to process payments to payees operating in prohibited industries or for restricted payment types.
Review the full list of prohibited industries and payment types here.
For some transactions, PayRewards may request a tax invoice or additional information prior to processing.
Important: All payments are reviewed by PayRewards’ risk systems and team prior to processing. If a payment is deemed ineligible, it will be declined and a notification will be sent via email or SMS.