Find information regarding adding and using payment methods in the portal.
What payment methods can be used in the Fintech Portal?
Payment options depend on your Fintech Portal subscription. Regulated invoices are processed via EFT, meaning that funds are transferred electronically from your bank account to the vendor’s.
Additional payment methods are available for accounts with a Premium subscription that manage non-alcoholic invoices, including ACH, check, or direct payment to the vendor outside of Fintech:
- ACH payments offer a more secure form of EFT. This option requires the vendor’s bank account details.
- Checks can be generated and mailed to vendors by Fintech upon request, requiring only the vendor’s address.
Learn more here: What options do I have to pay non-regulated invoices?
How do I add a payment method?
To add a new payment method for your invoices, go to Settings > Payment Management. Click Add New Payment Method under Payment Types: Invoices.
You will need your bank account’s Routing and Account Number, and knowledge of whether an ACH Filter or Debit Block is used. Follow these steps: How do I add or update a Bank Account?
How do I remove a payment method?
You must contact Client Services to remove a payment method that has been added to your account (How do I remove vendors, locations, and bank accounts, and update my email address?).
How do I change the payment method being used for a vendor?
If you have more than one bank account, you can change how a vendor is getting paid for a single location: search the vendor within Vendors > My Vendors, then view their profile and click the pencil icon within the Payment Method tile (How do I manage my current vendors & distributors?).
You can also change how a vendor and all their associated locations are being paid: find the bank account within Settings > Payment Preferences, then click the Update button (How do I add or update a Bank Account?).
How can I use certain payment methods for certain vendors?
If you’re looking to use specific payment methods per vendor, confirm all payment methods have been added within Settings > Payment Management (How do I add or update a Bank Account?).
To change how a vendor is getting paid for a single location or all of their locations, refer to “How do I change the payment method being used for a vendor?” above.
How do I update my current payment method?
To update bank account details, first go to Settings > Payment Management. Click Update on the payment method needing to be edited, which will either be listed under Payment Type: Invoices or Payment Type: Subscription Fees. Follow our instructions: How do I add or update a Bank Account?
Accounts that process non-regulated invoices can edit their default maximum payment under Payment Management > Non-Regulated. For more information regarding processing non-regulated products, click here AP Automation | Fintech Automated Invoice Processing
How do I verify a bank account sooner?
To verify your bank account more quickly, you will need to contact your bank directly and confirm they have received your request to process invoice payments using the Fintech Portal.