Make Electronic Fund Transfer Payments

You can use electronic fund transfer method to make payment for a transaction. You can either use an existing bank information or create a new bank details to make the payment.

Pay Using Existing Bank Account Details

Here are the steps to make payment using existing bank account details:

1. Search for the customer account to retrieve the outstanding transactions.

2. Select the transaction to pay.

3. The total amount defaults into the payment amount field, but if the customer wants to make partial payment, you can change and enter the partial amount for the payment.

4. Select the payment method as Electronic Fund Transfer payment.

5. In the payment details section, enter or select these details:

   Field	Action
   Payment Amount	The total amount is auto-displayed as the payment amount; however, you can change the amount to make partial payment.
   Payment Method	Select payment method as electronic funds transfer.
   Site	Select the appropriate bill-to site.
   Bank Account	More than one bank account can appear in the list. Select the correct account and verify all the information with the customer.
   Additional Information	Enter any other required information as additional information.

6. After all the required details are entered, click submit.

Pay Using New Bank Account Details

Here are the steps to make payment using a new bank account details:

1. Search on the customer account to retrieve the outstanding transactions.

2. Select the transaction to pay.

3. The total amount defaults into the payment amount field, but if the customer wants to make partial payment, you can change enter the partial amount for the payment.

4. Select the payment method as Electronic Funds Transfer.

5. In the payment details section, enter or select these details:

   Field	Action
   Payment Amount	The total amount is auto-displayed as the payment amount; however, you can change the amount to make partial payment.
   Payment Method	Select payment method as electronic funds transfer.
   Site	Select the appropriate bill-to site.
   Create Bank Account hyper link	Click the create bank account hyper link.
   Country	Enter the country where the bank is located.
   Account Number	Enter the account number.
   Bank Name	Enter the name of the bank.
   Branch	Enter the name of the bank branch.
   Allow international payments check box	Select this check box to accept international payments.
   From Date	The date defaults based on the date of creating the bank account.
   To Date	Enter a date if this bank account has an expiration date.
   IBAN	Enter the International Bank Account Number if applicable.
   BIC	Enter the Bank Identifier Code.
   Currency	Enter the currency used for payments from this bank account.

6. In the Additional Information section, optionally you can enter these detailed information of the bank account:.

   • Account Name

   • Alternate Account Name

   • Conversion Rate Agreement Type

   • Conversion Rate

   • Conversion Rate Agreement Number

   • Check Digits

   • Secondary Account Reference

   • Agency Location Code

   • Account Type

   • Description

7. In the Account Owner section, enter the account owner name and date from which the bank account details is created.

8. Click save and close.

After the bank details are saved you can use this to pay for your customer's transaction same as using the existing bank account payments.