For regulatory reasons Viewpost supports payments from Consumers, but not payments to Consumers for personal means (Internal transfers, family payments, paying your brother for half the pizza he bought last night).
Consumer Payments is for:
- Property Managers, Schools, Lawn Care Businesses etc. needing to invoice individuals and receive payments.
Do Consumers need a Viewpost account?
- No. This functionality was designed to streamline the payment process. The individual will receive the invoice, select they are a Consumer and connect their bank account for payment (or credit card if that feature is enabled).
How do I set up to receive consumer payments?
- Navigate to Payment Methods, review and accept the fees, and then Enroll to accept consumer payments.
What are the Fees?
- Fees for sending and receiving Consumer Payments are different than transacting with businesses. For an explicit list of fees, navigate to your fees page.
Steps:
1) Navigate to Payment Methods and enroll in Consumer payments.
*Consumer payments have a different fee structure that you must accept to enroll
2) Navigate to Network, select 'Add New Company' and enter their name, email address, etc.
3) Navigate to Invoices, and create an invoice for the person, the same way you would a business
When they get the invoice, they select 'Person paying a business' and are able to pay the invoice.
The way you invoice, the layout and content of the invoice are the same for businesses and consumers. They will not look any different when you send it.
The difference will be, when they receive them. When they receive an invoice, consumers will select they are a person paying an invoice.
The option will appear to pay the invoice right then by selecting a bank account.
There will be an option to 'create a password' to make paying easy next time without having to create a Viewpost account.
It is that easy.
How does a Business set up to receive Consumer Payments? Contact Viewpost Support here.
A Business enabled to receive Consumer Payments will go through the short steps listed below.
1) Introduction
2. How it Works
3. A Pricing Calculator to estimated savings
You are all set!
To view Fees associated with Consumer Payments, select the Fees Tab.
Consumer Payment Fees Listed Below:
Marginal Fee Example — If you received $30,000 in electronic payments from consumer customers within one month, the associated fees will total $300 and are calculated like this: ($5,000 x 2%) + ($15,000 x 1%) + ($10,000 x 0.5%) = $300.
Click here for fees.
