When you pay a vendor in Fincent:
- If your vendor is not a Fincent user and hasn’t completed the payment verification process, they will receive an email with a link to accept your payment by creating a free account and completing a one-time verification process.
The payment verification process has 2 steps:
1. The vendor must submit details about their company
This includes data such as:
- Company name and address
- Owner name and address
- Owner's SSN
- Company's EIN
2. The vendor must provide a bank account where they would like to receive the funds
They can either add their bank account details instantly through our partner Plaid's bank authentication process or they can choose to enter their account and routing numbers manually.
Our partner, Stripe, will verify the data your vendor submits. Once their details have been verified, future payments will be processed automatically. Please be aware only the vendor whose email address received the 'accept payment' link can access and complete the one-time payment verification process.
- If your vendor is already a Fincent user and has completed the verification process, they can receive payments automatically. We email them a link to track the payment. No further action is required from your end.
Note: We only support payments within the United States. Vendors must be registered entities in the USA with a US bank account to receive payments.
You must be on Fincent’s Starting, Growing or Thriving plan to make payments.