#1
June 11th, 2016, 11:44 AM
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Epayables Bank of America
Hello, I want to know the details of the Epayables at the Bank of America. Will you please provide me.
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#2
June 11th, 2016, 12:33 PM
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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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