A
AvidXchange
avidxchange.com · AvidSuite For Nonprofits · scored Dec 2025Licensed money transmitter, but vendors pay a 1.2% fee.
Best forMidsize nonprofits and education finance teams managing many vendors.
AP automation for nonprofits with deep Blackbaud and MIP integration and licensed payment security.
In their words
“AvidXchange is a licensed money transmitter for B2B payments in the United States, licensed as a Money Transmitter by the New York State Department of Financial Services.”
avidxchange.comTrue monthly cost
Vendor cost per $1,000 invoice
Charged to vendors receiving electronic payment
Upside
- Licensed money transmitter status
- Deep Blackbaud and MIP integration
- AI approval agent and PO matching
Catch
- Vendors charged 1.2% for ACH
- Aggressive supplier enrollment reported
- Pricing stays quote-based
Editor's takeAvidSuite earns its rank on regulatory rigor rarely seen in AP software, a licensed money transmitter status paired with deep native integrations into Blackbaud Financial Edge NXT and MIP Fund Accounting for accurate fund accounting. The tradeoff lands on vendors, who pay roughly 1.2% per invoice to get paid electronically. Nonprofits should factor that supplier friction into vendor relationship planning before rolling this out.
Is AvidXchange a licensed payment processor?
Yes. AvidXchange is a licensed money transmitter for B2B payments in the United States, regulated by the New York State Department of Financial Services, a rare distinction among AP automation vendors.
Do vendors pay fees to get paid through AvidXchange?
Yes. Vendors are typically charged around 1.2% per invoice to receive electronic ACH payments, which some suppliers have pushed back on.
The evidence: 6 criteria, 2 penalties (−0.11 points)
Score adjustments−0.11 points in total












