How your invited vendors set up their account

Below is the flow your vendor will take when you invite them to receive payments electronically from you.

Benefits for your vendor signing up for a free Basic Receivables account

Basic Receivables accounts are completely free! With one they can:

  • Once a bank account has been added successfully to the their Bill.com account, payments to them will be directly deposited into their bank account
  • Manage multiple customers who use PayMaker or Bill.com to pay them all in one account
  • They can explore the Network and connect with other customers using Bill.com
  • Send eInvoices to you and other PayMaker or Bill.com users
  • Receive documents in their Bill.com Inbox
  • Manage invoices and record offline payments
  • …and more!

When the vendor accepts your invite

  1. In the invite email, they click Accept Invitation
    They will be redirected to the Bill.com signup page

  2. They will then fill out some information about themselves and create a password, then click Create account

    • If you have already entered information on your vendor's record, some fields will be pre-filled
  3. They will then enter their mobile number for Multi-Factor Authentication (MFA) and click Send code

    • This is the number where we will send a code to verify your identity when you login, add a bank, or add users
  4. They will then enter the six-digit code we send them and click Submit

  5. They will then select their account type

  6. Then they enter some information about

    • their company and click Next

    • or themselves and click Next

  7. If they are with a business, they will need to enter the company owner's information

    • This information is required by federal compliance laws
  8. They will then enter their bank account information

    • We will send a test deposit of $0.01 (a penny) to verify their account

And that's it! Their free Basic Receivables account is ready to accept payments sent by you.

Identity Verification

In some cases, we will need additional information to verify their account. If so, on the Overview page, they will see an additional step to complete: Verify your identity to activate your bank account