Within the Admin Center, you can manage which payment methods you have on file with Acadeum. Acadeum currently supports two methods of payment:
- Automated Clearing House (ACH)
- Credit Card
If you have an ACH-enabled bank account, Acadeum requires that you supply that information to reduce costs for transaction fees.
ACH is only supported by the United States' banking system. For this reason, a Credit Card is required for payment processing of enrollments between USA and non-USA institutions. An exception is when a non-USA institution has a USA bank account.
Who can manage payment methods?
To manage payment methods within Acadeum Admin, a user must be assigned the Financial Administrator role on the User Management page in the Admin Center.
Learn more about User Management and Role Management.
First Time Credit Card Setup
- Login to Acadeum's Admin Center
- Go to the Acadeum Wallet card, then click Payment Settings
- If you have not begun Financial Onboarding, select Start.
- If you have an ACH-enabled account, you will be prompted to enter this first. For more information on this process, see Admin Center: Payment Settings and Manage New ACH Settings (HI Onboarding).
- If you do not have an ACH-enabled account or if you have already entered this information, click Set up Credit Card in the Backup Payment Method section shown below:
- You will be prompted to enter the Credit Card information.
- Select the Update button to save this information.
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