How to Sign a Proposal in Anchor

When a service provider sends you a proposal through Anchor, you’ll need to review and approve it before moving forward. This guide walks you through each step.

Step 1: Opening the Proposal from Your Email

You’ll receive an email from Anchor with a link to review and sign the proposal. Clicking the link will take you directly to the proposal, where you can start the approval process.

In some cases, your service provider may also share a direct link with you instead of the email. Either way, once you access the proposal, you’ll be able to review and approve it.

Your experience will depend on your role:

If you’re the primary contact or a required signer, you’ll be able to approve and sign the proposal.
If you’re a recipient, you can view the proposal but don’t need to take any action.

Regardless of your role, you can add a payment method to the proposal.

Step 2: Reviewing the Services

Inside the proposal, you’ll see a breakdown of the services included.

If the proposal includes packages, you may have the option to choose between different service packages before proceeding. Simply select the package that best fits your needs, and the details will update accordingly.

Each service includes a title, description, rate, and how payments are structured—whether monthly, quarterly, or on another schedule.

Step 3: Reviewing Payment Terms

Next, you’ll review the payment terms and any additional conditions. This section covers:

Payment terms – Outlines when and how payments will be made, such as net terms or “payment on receipt of invoice.”
Amendments and out-of-scope charges – Explains how additional charges or changes to the proposal will be handled.
Proposal effective date – States whether the proposal starts immediately upon approval or on a scheduled date.
Terms & Conditions – Covers the general engagement terms. Even if these are pre-set, we recommend reviewing them.
Additional terms – Any extra details specific to your proposal.

Once you’ve reviewed everything, you can move on to adding a payment method.

Step 4: Adding a Payment Method

Unless the service provider has set the proposal to be approved without requiring a payment method, you’ll need to add one for automatic billing. You have two options:

1. Pay via ACH

ACH payments allow you to pay directly from your bank account with no extra fees.

Click “Connect Bank” to open a secure window.
Agree to continue with Plaid, a secure banking connection service.
Select your bank, log in, and choose the account you want to use.

If you’d rather not log in through Plaid, you can verify your bank manually using micro-deposits:

Enter your account and routing numbers.
Plaid will send a single deposit of $0.10, which may take one to two business days.
Once you receive the deposit, return to Anchor and enter the three-letter code provided with the deposit.

2. Pay via Credit Card

You can also pay using a credit card:

Select “Credit Card” and click “Connect Credit Card” to enter your details.

Important: Credit card payments include a 2.9% + 30¢ processing fee (plus an additional 1% for foreign cards). In some cases, your service provider may pass this fee on to you, meaning you’ll cover the additional cost.

Once your payment method is set up, click “Click to approve agreement” to complete the process.

At this point, the proposal is signed, and the agreement is now active. Billing will begin according to the terms you’ve agreed to.

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