MaterioPay is the seamless way for clients to pay your invoices online.
MaterioPay brings many benefits to your firm and clients, including:
No additional payment account for you to set up and maintain; payments are now built directly into your existing Materio account.
Improved client experience with a redesigned checkout page.
No cap on ACH payment amounts.
Improved accuracy of payout syncing to QBO.
Faster and more predictable payout deposit timing.
You can watch this short screencast for a preview of how MaterioPay works. Below are important details for onboarding to Materio Pay; please read.
MaterioPay Setup
To enroll in MaterioPay, you’ll fill out a form here. After you navigate there, you will need to input some basic information about your business, including:
Business legal name, DBA name, Tax ID # (EIN), etc.
Use the merchant category code (MCC) that best matches you. Common MCCs are:
1520 - General Contractors (Includes construction)
1799 - Other Special Contractors (Includes Interior Design, Design build)
Your estimated online payment volume. When you estimate this, only include the volume you plan to run through MaterioPay. Exclude payments you plan to run using checks, external wire transfers, or other payment processors.
Contact info for each co-owner with a 25% or greater stake in your business.
Account and routing numbers for the bank account to receive your payment proceeds.
Depending on your expected payment volume, we may email you to request additional documentation before we enable MaterioPay. This helps double-check your info and underwrite your future payment activity. This typically includes one or more of the following: prior payment processing history, recent bank statements, recently issued high-ticket invoices, recent company financials, or a voided check from your bank.
Coming next
Additional features we plan to roll out to MaterioPay in the future:
The ability for clients to save and reuse prior payment methods for future payments.
Ability to view and export detailed payment and payout reports from within Materio (if you have any questions about this in the meantime, reach out to us, and we will find the answer for you manually).
Ability to initiate a refund using MaterioPay.
Getting Assistance
As with any software, issues may arise from time to time, in which case we will contact you directly and work together to find a quick resolution. Please contact us at hello@materio.co any time if you have any feedback about MaterioPay or need any assistance; we are always here to help.
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Feedback, issues, or questions? Email us at hello@materio.co