If payment is sent electronically, your vendor will receive an ACH or wire with your business name and the invoice number in the remittance info. If a paper check is sent, this info will be included in the memo field.
Paper checks will be addressed from:
Settle Inc.
29 W 17th Street
New York, NY 10011
FAQs
What information will the vendor see once a payment reaches them?
The information the vendor sees depends on the payment method, whether the payment is financed, whether contact information is included when the payment is created and/or if the vendor is setup on Settle with a vendor account.
ACH Payments:
Their bank statement shows a short description (limited to 10 characters) composed of the first few letters of the payer's name and the last few letters of the invoice number. A longer memo might also display, including payer name, invoice number, date, and Settle confirmation number for easy reconciliation.
Check Payments: Financed check payments include the same memo line information as ACH.
In addition to the above, if contact information was input during the process of manking the payment and/or the vendor is setup with a vendor account on Settle, the vendor will also receive a confirmation document and email communications with detailed payment information.