Payment Setting [in-house accounts only]

This tab will not be available for clients having a merchant account. Payment settings provide various payment customization settings. Information will be locked during blackout periods when checks are being processed. Blackout periods are: 6th - 15th and 22nd/23rd - 1st of the month.

The following provides a detailed explanation of each of the fields listed:

Schedule

• Default Schedule: Checks are mailed on the first and fifteenth of each month. Statement cut-off date is 8 days prior to sending the check. Cut-off dates are listed below:
  • Check to be mailed on First of the month: Cut of date will be on 22nd, if month is 30 days, and 23rd if month is 31 days.
  • Check to be mailed on fifteenth of the month: Cut of date will be on the sixth. Payments made after midnight of the sixth will NOT be included in the check mailed on the fifteenth.
• Custom Schedule: Options are available to request checks with less frequency. Reducing the frequency provides a saving for postage fees. Under customized schedule you may also change the minimum check amount from the default value.

Payment Frequency

Several periods are available:

• 1st And 15th: The default dates: 1st and 15th of every month.
• 1st Only: First of every month
• Quarterly: (January 1, April 1, July 1, October 1)

Minimum Check

Checks are only mailed out when the minimum balance of $75, after fees, is met. By default checks are not mailed out for less than $75. Balance of less than $75 will stay in the account and mailed out when the balance reaches $75.

Send Check to Address

Checks will be mailed to the address listed. Please keep this information up-to-date as it may delay receiving of checks.

Check Payable To

Check payable to is by default the name of the organization. This information can not be modified through the administrative system as a security measure. To change the "Checks Payable To" contact the support department. Only requests made by the administrative contact will be processed. A notarized letter with organization's letterhead may be required before a change is made.