MOMS will pay MAPs for draws performed via ACH/Direct Deposit.
To optimize the MOMS experience, we now pay MAPs via ACH/Direct Deposit. This functionality allows us to pay MAPs more quickly than paper check and provides tracking information as to when your payment is sent and deposited. We utilize Melio, a B2B payment platform, for this process. As of 2/1/24, all MAPs are required to use ACH for payments.
We will invite your MAP to provide ACH information (account and routing number) directly from Melio. An example of the invitation is seen below:
We require MAPs to input their own information for security purposes and to avoid erroneous entries. Once you click "Add Payment Details", you will be directed to the Melio platform. To enter this information, click "Bank Transfers ACH." Do not select paper checks, as we will need to resend you the invite. By utilizing ACH, we can ensure your payment reaches you, as the USPS has not been reliable and we receive many returned checks
You will then be prompted to enter your company's ACH bank details, which includes the Routing and Account Numbers for the respective accounts. If you have multiple locations, each with different accounts, please let us know so we can invite each location accordingly. If you would like to consolidate payment for multiple MAPs to one account, we can do that as well. Please just let us know where to send payments.
The timeline for payments remains the same. Each month that your MAP performs a draw, we will process payments within the first five (5) business days of the next month.