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  #2  
June 11th, 2016, 12:33 PM
Super Moderator
 
Join Date: Mar 2012
Re: Epayables Bank of America

Hello, here I m providing you the details of the Epayables Bank of America as under:

Benefits:

Expedited receipt of cash which can improve Days Sales Outstanding
Elimination of check processing costs
Elimination of collection costs associated with lost or misplaced checks
Better control be liminating the need to give out bank information for ACH payments
More efficient handling of exception items
Remittance data transmitted with payment for more efficient back-end reconciliation
Reduced exposure to check fraud

Method of payment
Payments will be processed as credit card transactions and your standard merchant bank fees will apply.
There are no additional fees imposed by your client or issuing bank.

Payment acceptance:
Typically, credit card payments are deposited into your account within 48 hours of payment processing, compared to 7-10 days to process a check.

Remittance advice
You can elect to receive the remittance advice by email or fax

Merchant ID (MID) and Terminal ID (TID) for push pay enrollment
Your merchant ID and terminal ID are required to register you in Visa’s payment network and for the payment to be properly routed to your merchant bank.

Epayables Bank of America





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