Have you received an invitation to sign an Anchor agreement, or join Anchorâs billing portal?
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NICE! Welcome to the Anchor family!
By connecting to Anchor, you are ensuring that your invoices will be paid automatically, and exactly as agreed, no surprises. Changing your terms requires your approval, even if it is merely a cent more than what you agreed to.
What Payment Methods Can I use?
You can pay using two main ways:
Connect your credit card
Connect your bank account via Plaid
If you prefer not to log in to your account, or if for some reason the login was unsuccessful, you can still connect to your bank account for automated ACH payments using your account numbers. Read more here.
Adding a payment method should take no more than a couple of minutes, and you only need to do it once.
Ready? Let's get started!
How To Approve an Agreement
Step 1: Open the agreement from your email invitation
In Anchor, agreements are created by service providers and sent to the client (thatâs you đ) for approval.
You will receive an email notification once an agreement has been sent, along with a link to review and approve the agreement.
In the email, click on "Go to engagement letter" to begin the approval process.
Alternatively, if you are an existing customer and about to create your Anchor account, click "Go to the new billing portal".
Hereâs an example of what these emails would look like:
Start the agreement review process by clicking on âReview and approveâ.
Step 2: Review the services and payment terms
On this page, you will find the payment terms and services that you agreed upon with your service provider.
Every service will have a title, description, and rate. Details of the pricing structure and payment frequency (monthly, quarterly, etc.) are detailed in each service's section. Clicking the "More Details" button will give you more information about each service.
At the bottom of the page, you can see additional terms and notes added by the vendor.
Payment terms - Anchor provides the option to pay with net terms. This section will present the agreed-upon net terms. If the agreement is that you pay upon approval of the agreement, this section will present âPayment on receipt of invoiceâ.
Agreement effective date - shows if the agreement will take effect upon your approval or on a scheduled date.
Notes - if there are any additional understandings between you and your service provider, that you requested in writing (that do not appear in the T&Cs), this is where you can review them.
Terms and Conditions - The terms and conditions include all of the remaining non-commercial terms of the engagement. These are usually standardized, but we encourage you to read and approve them nonetheless.
Click on âApprove Termsâ to continue to the Payment Method section.
Step 3: Add a payment method
On the next screen, you will be presented with the option of choosing a payment method.
The two main options are paying by connecting your bank account for ACH payments, or by credit card.
The payment method you provide will be used for automatic payment moving forward. No hassle, no backlog of due payments, and no errors.
Connecting your bank via ACH
Paying via ACH is free and therefore our recommended choice.
Anchor connects to your bank account via Plaid, a secure and encrypted service.
The "Pay with ACH" option is chosen by default. Upon clicking âConnect Bankâ, a new window will pop up. Agree to continue with Plaid and then simply select your bank by selecting it from the list., If your bank is not on the list, find it in the search box:
Once you have selected your bank, sign in to your account and click "Submit".
After you successfully log in to your bank, you will be asked which account you would like to connect to. Simply choose the account and then click "Next".
Connecting your Bank Account Using Micro-Deposits
If you prefer not to log in to your account, or if for some reason the login was unsuccessful, we can easily verify your account using a micro-deposit.
That means that you'll be able to connect to your bank account for automated ACH payments using your account numbers.
Read more about Micro-deposits here.
Pay with a credit card
To pay using your credit card, simply choose âCredit Cardâ and then âConnect Credit Cardâ at the bottom. You will be redirected to a new page to insert your card details.
As a reminder: Credit cards have a processing fee of 2.9% + 30ďż (and an additional 1% for foreign credit cards). Once youâre ready, click Submit.
Completing The Process
Once your payment method has been authorized, a confirmation window will appear letting you know that the agreement is ready for your approval.
Click on âApprove and get startedâ to approve the agreement.
Feel free to close your browser at this point, knowing that you can get back to work with peace of mind.
Still have questions? Feel free to send us a message by sending an email to [email protected], our team is always happy to help!