How to Get Paid via Electronic Funds Transfer

□	An Electronic Funds Transfer (EFT) provides an easier method for your Subscribers to pay, and for you to get paid.

•	It saves everyone money and time.

•	It's cost is nominal for both your Subscriber and your Company.

•	It adds convenience for your Subscribers.

•	Once it is setup, the process is virtually automatic.

•	The steps outlined below are meant to provide a quick overview, to give you some general directions.

•	Each step is explained in detail elsewhere in the related Help File Chapter Links.

□	The Electronic Funds Transfer Process is setup and executed as follows:

•	In Bank Maintenance, create a record for the Bank (or other EFT Processing Services) and define the required EFT Information.

HelpFilesBankEFTInfoTab

Bank Form - EFT Info tab

•	Create at least one Billing Cycle for EFT (Electronics Funds Transfer) processing.

•	If you use more than one EFT processor, create a separate Billing Cycle for each.

•	Assign the Bank that has the associated EFT Information defined, to the Billing Cycle definition.

HelpFilesBillingCyclesBankAssigned

Billing Cycles Form - E.F.T. Billing Cycle - Bank assigned

•	Enter the Recurring Billing rules for those Subscribers who will pay via EFT.

•	Assign the appropriate EFT designated Billing Cycle to each of these Subscribers

HelpFilesAutoBillEFTBank

Recurring Revenue Form - With an EFT Billing Cycle assigned

•	Do your Recurring Billing for your EFT Billing Cycle.

HelpFilesAutoBillingEFT

Run the Auto Billing process for EFT Accounts

•	Open the Post Auto Drafts Form.

•	Choose the EFT Billing Cycle

•	The correct Bank name (which has the associated EFT information) should be inserted automatically.

•	Check Generate EFT File? box.

•	Run the process.

HelpFilesPostAutoDraftsForEFT

Post EFT Auto Drafts dialog

•	The file to be transmitted is created automatically using the name you will be asked to specify.

•	Transmit this file to the Bank in the manner they require.

□	Periodically, print and review the Auto Draft Accounts Report to ensure the information is up to date, particularly checking each Credit Card's Expiration Dates.

HelpFilesAutoDraftAccountsReport

Auto Draft Accounts Report dialog