What Is Snapdocs VendorPay?
Snapdocs VendorPay allows notaries and companies to automatically send and receive payments through direct deposit. VendorPay is completely free to use for notaries.
Twice each month, on the 3rd and 18th, companies will be invoiced for the signings they processed in the previous billing period. An order must be both completed and closed before the 1st and the 16th, respectively, in order for payment to be processed. Companies are then charged 2 business days after they are invoiced, and this is the day that we initiate payment transfers to notaries. From the date we initiate payment transfers, it takes about 8-10 business days for the transfer to complete and for payments to actually show up in your bank account. Overall, notaries can typically expect to receive payment directly in your bank account within 1-3 weeks after a company closes an order.
Please note that only some companies on Snapdocs are currently enrolled in VendorPay, so only these companies will make their payments through direct deposit. For all other companies, they'll continue issuing payment via their regular method.
Note: Unlike regular orders, VendorPay orders do not have an option to "Mark as Paid." This is because we mark orders that are processed through VendorPay for you. This happens one day after we have received confirmation that your payment has been successfully deposited into your bank account. Learn more about marking orders as paid here.
Frequently Asked Questions
- How can I get set up to receive direct deposit payments (via VendorPay)?
- How can I tell whether a signing is paid through Snapdocs VendorPay or not?
- With VendorPay, how can I track the status of my payment and easily match my payments to my orders?
- I'm not interested in receiving direct deposit payments (via VendorPay). Can I continue receiving payments by check?
- Is VendorPay direct deposit secure?
- Why do you need my Social Security Number for VendorPay direct deposit?
- How do I know which bank account my payments have been deposited into?
- I'd like to change the bank account I've connected for VendorPay. What happens if I update it in the middle of a payment transfer?
- Why hasn't my direct deposit payment started transferring yet?
- Why was the date of my payment transfer pushed back?
- How does the VendorPay microdeposit verification process work?
- Why do direct deposit payments fail and what should I do if I have a failed payment?
- What happens when direct deposit payments are sent to a closed bank account?
- Why does it take 8-10 business days for payments to be deposited into my bank account?
- I received payment through VendorPay direct deposit, but it was for the wrong amount. What do I do?