Traditional invoicing and accounts receivable methods are inefficient with manual tasks, delays in invoicing and posting payments, plus time-intensive collections efforts with little insight. That’s why VersaPay focuses exclusively on the invoice-to-cash process and offers its cloud-based, intelligent AR solution, VersaPay ARC™. This eBook will detail 6 ways VersaPay ARC will transform accounts receivable for your business.
In the digital world, B2B transactions are constantly changing. The manner in which transactions are initiated and conducted have to improve as the pace of business moves faster every day.
Once you’ve added a bank account, you will need to verify it. See below to follow the step-by-step instructions.
Within 2-3 business days of adding the bank account, a micro credit/debit from VersaPay will appear on your bank statement.
You will also receive an email reminder from VersaPay to verify your bank account. Clicking on the “Verify my Bank Account” button will redirect you to VersaPay where you can login to your account to continue.
You can also verify the bank account by logging into VersaPay and going to the “Funding Source” section. Click the “>” symbol next to the bank account to view it and then click the “Verify” button.
Enter the amount of the micro transaction that you observed in your bank account in the field provided and click the “Verify Bank Account” button.
You will be redirected to the dashboard and a confirmation banner will display at the top of the page stating that the bank account has been verified.
Note: A bank account must be verified before funds can be sent to or deposited within it. You will have three attempts to enter the amount of the micro transaction. If you do not verify successfully within three attempt then the bank account will become invalid and you will need to add it again to restart the verification process.
Do you like the sound of getting get paid faster and improving customer satisfaction? If so, you’re ready for accounts receivable automation.
Connect with us to enable a secure, self-service platform for your staff and customers to future-proof your business for the online world, before your competition does: