Basic Receivables account can be used to receive payment from any Bill.com subscribers. 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 receiving money from anyone. Transaction fees will be applied for payments received from non-Bill.com subscribers but your account will still be subscription free.
Required steps will show up under the complete setup section:
- Accept ePayments from all your customers
- Update billing info
- Finish bank account setup
Accept ePayments from all your customers
Tell us a little bit more about your business by filling out the Receivables application. The application will take 1-2 business days to process.
Update billing info
Add a credit card for the transaction fees on payments received from 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 receive payments from 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 will ask a series of questions from information on the public record to verify your identity, beginning with your name and address.
Payments from non-Bill.com subscribers will not deposit until the receivable application has been approved and all verification steps completed.