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How do I manage and send funds to vendors/payees/recipients?

Updated

Baselane has added a new tab Transfers & Payments that house transfer and payment history, payee management, scheduled payments and auto transfers. 

 

On the Transfers & Payments page, you will see a ledger of all your transfers. This ledger includes:

  • Transfer date
  • Account the funds were sent from
  • Payee or receiving account
  • Type of transfer
  • Amount
  • Payment status

Screenshot 2024-05-29 at 11.35.09 AM.png

Note:

  • ACH transfers take 1 to 3 business days to process
  • Wire transfers take 1 business day
  • Internal transfers between Baselane Banking accounts are instant
  • Mailing a check takes 5 to 8 business days
  • Once a transfer is completed, the status will be updated immediately

Under the Recipients tab, you will see a list of all your vendors and payees. Here, you can add and save their payment methods and details. This allows you to select the payee and payment method for each transfer without needing to re-enter their information every time you send them a transfer.

How to add a recipient:

  1. Click on the Add recipient buttonScreenshot 2024-05-03 at 4.15.15 PM.png
  2. Add the recipient/vendors name and emailScreenshot 2024-05-29 at 11.19.37 AM.png
  3. Add one or more of their payment methodsScreenshot 2024-05-03 at 4.36.06 PM.png
    • This will let you choose payment method when sending funds
  4. Save recipient

How to delete a recipient/vendors details:

  1. Click on the recipient you would like to delete. This will open the recipient's detailsmceclip2.png
  2. When deleting the recipient, you will be asked to confirm to delete the recipientScreenshot 2024-05-29 at 11.27.01 AM.png
  3. Click Delete to confirm the deletion of the recipient

How to delete a recipient/vendors payment details:

  1. Click on the recipient you would like to delete. This will open the recipient's detailsScreenshot 2024-05-06 at 9.10.00 AM.png
  2. Select the payment detail you would like to deleteScreenshot 2024-05-06 at 10.11.31 AM.png
  3. Confirm the deletion when prompted. Note: If it's the only payment method for the recipient, it cannot be deleted
  4. Click Delete to confirm the removal of the payment detail

How to edit a recipient/vendors details:

  1. Click on the recipient you would like to edit. This will open the recipient's detailsScreenshot 2024-05-06 at 9.10.00 AM.png
  2. Add your edits for the recipient's name or emailScreenshot 2024-05-06 at 9.10.51 AM.png
  3. Click Save once completed

How to edit a recipient/vendors payment details:

  1. Click on the recipient you would like to edit. This will open the recipient's detailsScreenshot 2024-05-03 at 4.52.55 PM.png
  2. Add your edits for the recipient's payment detailsScreenshot 2024-05-06 at 10.11.31 AM.png
  3. Click Save once completed

If you need any help or have questions, please contact our support team at support@baselane.com.

 

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