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Adding Bank Account Information for Credit Card Deposits

Businesses using Stripe as their payment processor can configure a bank account to accept credit card payments for transactions. This article will guide you through the process of adding bank account information for credit card deposits.

Things to Know:

  • To accept payments online, you must set up a payment account. Contact MyTime at +1 (385) 233-6964 or support@mytime.com to initiate your payment setup
  • Under Payments & Deposits, the settings "How Should MyTime Pay You For Services?" and "How Should MyTime Pay You For Product Sales?" require you to choose the "Direct Deposit" option to add a bank account. If you don't choose "Direct Deposit," MyTime will pay staff members directly
  • Once you've added your bank account under the "How Should MyTime Pay You For Services?" setting, you won't need to re-enter your bank account information under the "How Should MyTime Pay You For Product Sales" setting

To add a bank account:

  1. Navigate to Business Setup > Payments & Deposits
  2. Under the How should MyTime pay you for services? setting click on the +Add Bank Account hyperlink                                          add bank.bmp
  3. Enter your bank account details
    Field  Description
    Select All Applicable Locations For This Account Select the location(s) that this bank account will be applicable to
    Account Type Select the account type, company or individual
    Routing #  Enter the routing number for the bank account
    Account #  Enter the account number for the bank account
    Account Holder Name Enter the name of the account holder
    Country  Enter the name of the country where the bank account is registered
    I accept HSA/FSA Cards Checking this checkbox for accepting health saving account cards or flexible savings account cards will display a dropdown to choose what type of HSA or FSA card you accept.
  4. Once all the information is entered, click save
  5. You will then be directed to the Stripe Onboarding process 
    • Complete your business details
    • Verify you represent your business
    • Review the information, then click Agree and Submit
  6. You will be redirected back to the Payments & Deposits page in MyTime. If you wish to use the same account for products, select the Direct Deposit (same as above) option
  7. At the bottom of the screen, click "Save"

You have successfully added your bank account details. 

 

For more information, contact us at support@mytime.com.  

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