Payment Statuses
There are 7 potential statuses of a Payment in Books:
- Bill is ready to be processed through Check Run
- Payment processed has been initiated and Bill waiting on Authorization by the controller or other stakeholder
- Bill is authorized and ready to be pushed through the payment processor
- Bill Information has been submitted to Checkbook.io and payment is being processed
- Payment sent to Vendor via emailed E-Check, posted Paper Check, or digital ACH payment.
- E-check, Paper Check or ACH payment failed to be received by the Vendor
- Payment of Bill has been canceled
Charge Per Transaction
- E-Check has a fee of $0.99/transaction.
- Paper Check has a fee of $1.49/transaction.
- ACH Payments have a fee of $0.49/transaction.
Other things to keep in mind
- E-Check is the fastest form of payment; the vendor will have a check delivered to the inbox within 3-4 hours of payment being authorized.
- If Bill has a status of Sent, you may attempt to cancel payment, however, if the check is too far gone in processing checkbook.io will not be able to cancel payment. When this occurs, you will receive an error message in Books when attempting to cancel.
- It is recommended that you reach out to your bank in the event of receiving a Failed status.