Creating a Payment
To create a new Payment click the + Add New or Schedule buttons in the upper right of the Payments area.
Note: Multiple Payments can be created at once by using the Import feature. Please see Importing Payments for more information.
Creating a New Single Payment:
Delivery & Payment Types
There are several ways to send outgoing payments to recipients, depending on how you'd like the recipient to receive the funds:
Digital VeriPay Payment - A VeriPay Payment sends funds to the recipient's Verivend Digital Wallet. This provides the most secure transfer of funds since the recipient enters their own bank information when retrieving the payment.
Digital Direct Bank Payment - A Direct Bank Payment sends funds directly to the recipient's bank account via ACH or Wire Transfer. The sender is required to enter the recipient's bank information for where the funds will be sent.
Paper Check Payment - A Check Payment sends a physical paper check to the recipient. The sender is required to enter the recipient's mailing address for where the paper check will be sent.
Add the required information to the Payment and then click Save & Continue to save the Payment.
Creating a New Scheduled Distribution
Add the required information to the Scheduled Distribution and then click Save & Continue to save the Scheduled Distribution.
Editing a Payment
Before the Payment is sent, it can be edited by clicking the Options menu and selecting the Edit option. A Project can be assigned to the Payment or the Payment can be Canceled and Archived, which will move the Payment to the Archives area. Please see Archives for more information on archived items.
Sending a Payment
The Payment will be saved in Draft status and can be sent by clicking Publish & Send or you can return to the Payments area to view the saved Payment in Draft status.
Note: Multiple Payments can be sent at once using the Batch Actions on the display grid in the Payments area. Please see Batch Actions for Payments for more information.
When a Payment is sent, the Recipient receives an email notification alerting them that they have received a new Payment, which can be accessed from their Verivend account by clicking the Get Started button in the email notification.