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Change of Pricing Model & Discontinuation of Payment Acceptance: FAQs
Change of Pricing Model & Discontinuation of Payment Acceptance: FAQs
Updated over 2 weeks ago

After careful consideration, we have decided to change our pricing model and discontinue payment acceptance services beginning 15 January 2024.

This strategic shift will ultimately allow us to focus on new products and services that will better meet the evolving needs of customers like you. We will make a separate announcement about these in the future, and we are grateful for your support.

Payment Acceptance

Why are you discontinuing your payment acceptance features?

NextPay has chosen to focus more on disbursement solutions. As such, we have decided to discontinue our payment acceptance services to focus on developing other products and services that can serve businesses better.

This strategic shift will ultimately allow us to focus our efforts on new products and services that we believe will better meet the evolving needs of customers like you.

Is NextPay shutting down?

NextPay will continue its operations, allowing merchants to create invoices (with no payment feature) or send money to their employees, suppliers, vendors, and customers. There will be upcoming features and services to be released in the next few months.

Are my funds safe with NextPay?

Yes, your funds are safe with NextPay.

All customer payment proceeds received until January 14, 2024 will still be credited to your NextPay account as usual following the standard payout processing times. You can choose to disburse your funds to your bank account or to send money to your employees, suppliers, vendors, or customers.

Additionally, we keep all our merchants’ funds separate from NextPay’s operating funds, meaning that all cleared funds maintained with NextPay can readily be disbursed/withdrawn at your discretion.

Which services will be impacted?

Only our payment acceptance features (Payment Links, Invoices, and PocketPay) will be discontinued. Deposits, Disbursements, and Invoices (with no payment feature) will continue to be available for you to use.

Can I continue to disburse funds to make payments?

Yes, you can continue to use our disbursement feature.

Will my NextPay account be closed after January 15?

No, your account will not be closed. You will continue to have access to your funds and may still use your account to create invoices (with no payment feature) or send money to your employees, suppliers, vendors, or customers through our disbursement feature.

Which platforms can I switch to?

NextPay recommends to transition to HitPay. Kindly fill up this form so a HitPay account manager can reach out to you.

You may also contact them in the details below:

Company

Contact

Email

Mobile Number

HitPay

Rose E.

+63 995 766 1800

HitPay

Gabriel Llanto

+63 917 525 1242

Other companies you can reach out to:

Company

Contact

Email

Mobile Number

PayMongo

Alliah Tan

+63 917 700 4891

Xendit

Ton Gomez

+63 917 303 5732‬

Will NextPay help me transition to another platform?

NextPay communicated with all the companies listed above, and they are prepared to accept and onboard NextPay merchants in the next two months. If you fill out the HitPay form, their account manager will reach out to you. Otherwise, please reach out to the companies directly.

Will you be relaunching payment acceptance features in the future?

NextPay will not relaunch payment acceptance in the next few months.


Payment Links, Payment Links API, Invoices, and PocketPay

When can I last create or update a payment link?

You can create and/or edit payment links until January 14, 2024.

When can I last get paid via a payment link, invoice, or PocketPay?

You can receive payments through payment links, invoices, or PocketPay until January 14, 2024. On January 15, customers will no longer be able to pay through these features.

When can I last call on NextPay’s Payment Link API?

You can receive payments through NextPay’s Payment Link API until January 14, 2024.

For payments received on January 14, when can I expect to receive the payout proceeds?

Payouts are scheduled every Monday, Wednesday, and Friday, 4PM PHT. Depending on the payment method, payout processing times may differ. Learn more about our processing times here.

What will happen to my active/enabled payment links or published invoices?

All existing payment links will be disabled, and will no longer be able to accept payments starting January 15, 2024.

For invoices, all Published and Overdue invoices will remain active, but you will no longer be able to receive payments. You can only mark an invoice as paid.

Will I be able to view/export my transactions after January 15?

Yes, you will still be able to view and export your payments until February 15, 2024.

What will my customers see if they access a payment link or invoice on or after January 15?

Your customers will no longer see the usual payment link or invoice page, and will instead be redirected to this page.

Payment Acceptance Sunset Error


Pricing Model

Why are you changing your pricing model?

NextPay has decided to focus more on spend management solutions for businesses and doing it better than everyone else. As we build these enhanced flexibility and features, we need to adjust to a model that supports the company to continue to serve you and all our customers in the superb way you are used to with us.

What will change in your pricing model?

We are planning to implement a monthly subscription in order to make use of our services by January. This change will also include improved features and services related to our disbursement solutions and company spend management. More specific details about this will be provided in the coming weeks.

When will the monthly subscription take effect?

NextPay’s goal is to introduce subscription tiers by mid-January 2024. All new users will need to subscribe in order to make use of our platform. However, we will have a grace period of a few weeks for any existing NextPay customers to begin their subscriptions.


If you have any questions or concerns, please do not hesitate to contact our support team at [email protected] or use the support chat widget. We are always happy to assist you!

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