Basic Payables account can be used to pay any Bill.com subscribers for free. Now it can be used to transact with non-Bill.com subscribers as well. It only takes a few steps to verify your account to start paying anyone. Transaction fees will be applied for payments made to non-Bill.com subscribers but your account will still be subscription free.
Required steps will show up under the complete setup section:
- Update billing info
- Finish bank account setup
Update billing info
Add a credit card for the transaction fees on payments made to non-Bill.com subscribers
- Click Update billing info
- Click Add Card
- Enter credit card information
- Click Save
Finish bank account setup
If a bank account was previously added, a copy of the bank account will be made in order to send a verification deposit. Within 1-2 business days, a random deposit will show up in the bank account. That amount will need to be added to verify the bank account to pay non-Bill.com subscribers.
- Click Finish bank account setup
- Enter the deposit amount
- Click Verify
Verify your Identity
Once the bank account is verified, for your security, we'll ask you a short series of questions from information on the public record to verify your identity, beginning with your name and address.
This type of verification adds an additional layer of security to your Bill.com account by requiring not only your username and password to log in, but also a personal device which makes it extremely difficult for someone to break in to your Bill.com account.
For more information regarding this feature:
Payments to non-Bill.com subscribers can not be made until both the bank account and identity is verified.