How to Set Up a Vendor to Receive ACH Payments
If you are set up for Online Payment Processing you'll be able to skip the post office and pay your vendor invoices electronically.
Note: If you do not already have a merchant account tied to your Rentec Direct account, you’ll want to sign up for that service to be able to process ACH transactions.
More information can be found here: Online Payment Processing
How to Set Up a Vendor to Receive ACH Payments
Before processing payments, your vendor profiles will need to be edited with banking information and a valid email address.
In your Rentec Direct account:
- Click Settings
- Under People choose Vendors & Payees
- Right-click a vendor and choose Edit Vendor from the menu
- Check to make sure the vendor has an email address listed as they will receive an email confirmation of each payment sent to them
- Add the vendors bank routing and account number in the Payment Info section
Tip : You would get this information from the vendor, who can provide that to you from the banking information from the bottom of a check. Or, they can supply you with a voided check.
- Click Save Changes when finished.
- Repeat this process for each vendor you’d like to pay by ACH.
You're now ready to process payments to your vendors and contractors for services and invoices received.