One of the benefits of being an EVCS site host partner is the opportunity to receive quarterly earnings from the charging stations at your site location. To ensure timely and efficient delivery of your quarterly revenue share payments, EVCS utilizes Automated Clearing House (ACH) transfers. This electronic method of payment offers a secure and reliable way to receive your earnings directly into your designated bank account.
Benefits of ACH Payment
- Faster Processing: ACH transfers are processed electronically, significantly reducing the time it takes for you to receive your funds compared to traditional mail delivery.
- Increased Reliability: Electronic transfers minimize the risk of lost or delayed payments associated with postal services.
- Secure Transactions: ACH payments are a well-established and secure method for transferring funds between bank accounts.
- Convenience: Funds are deposited directly into your account, eliminating the need for you to handle and deposit physical checks.
How to Set Up ACH Payments
To initiate ACH payments for your revenue share, we require you to complete and submit our ACH Request Form along with a copy of your W-9 tax form.
Step 1: Complete the ACH Request Form:
The ACH Request Form will ask for essential banking information, including:
- Your Company Name: As it should appear on your bank account.
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Bank Account Information:
- Depository Name (Your Bank's Name)
- Branch (if applicable)
- City, State, and Zip Code of your bank
- Account Type (Checking or Savings)
- Bank Routing Number (a nine-digit code that identifies your bank)
- Account Number
- Authorization: Your signature and the date, authorizing EVCS to initiate credit entries to your account.
- Vendor Information: Your company's address, accounts receivable contact person, phone number, and email address.
- Accounting Contact Information: Please also provide the name and phone number of a member of your accounting team who we can contact to verify the submitted ACH details.
Step 2: Provide a Copy of Your W-9 Form:
For tax reporting purposes, we also require a completed copy of your W-9 form (Request for Taxpayer Identification Number and Certification).
Submitting Your Information
Please complete the linked ACH Request Form above and return it along with your W-9 form to EVCS Accounts Payable at:
Please also provide the name and phone number of a member of your accounting team who we can contact to verify the submitted ACH details.
Once our finance team receives these documents, they will review the information and reach out to your designated contact person to confirm the details before setting up the ACH transfer process.
We appreciate your prompt attention to this matter, as it ensures a smooth and timely distribution of your revenue share payments. If you have any questions while completing the forms, please don't hesitate to contact our Site Host Support team.