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: 

1. Click Settings
2. Under People choose Vendors & Payees
3. Right-click a vendor and choose Edit Vendor from the menu
4. Check to make sure the vendor has an email address listed as they will receive an email confirmation of each payment sent to them
   
5. 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.
   
6. Click Save Changes when finished. 
7. 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.