Payees are used along with Compensation Templates to direct funds to entities associated with your service. They are basically a bank account credits will process to.
Location: Admin Tab > Companies (navigation bar) > Company (green arrow at end of row) > Payees (Navigation Bar)
Add / Edit Payee
To add a new Payee start by filling in the input boxes as displayed below. To edit a existing Payee click on the icon at the end of the row for the corresponding Payee.
Default for Company - The default Payee for a particular company and will automatically be the first selection when listing Payees.
Payee Name - Name displayed throughout system for identifying Payee.
Routing # - Bank Routing number needed in order to facilitate banking transactions with Payee.
Bank Name - Name of financial institution the Payee's bank account is with.
Account Type - Checking or Savings.
Account # - Bank Account number needed in order to facilitate banking transactions with Payee.
Name on Account - Name on the account at the Bank for the Payee.
Email - Contact information.