Review and Accept a Pending Procore Pay Agreement as a Payee

Objective 

To review and accept your pending Procore Pay agreements to be paid using Procore Pay.

Background

General contractors can use Procore Pay to pay subcontractor invoices submitted in Procore Invoice Management. When a payor marks a commitment as 'Approved', Procore creates a Procore Pay Agreement with the commitment details and, if applicable, fees required to use Procore Pay. The agreement must be accepted for you to be paid using Procore Pay.

Things to Consider 

• Required User Permissions
• To be paid by a general contractor using Procore Pay, you must review and accept a pay agreement for every commitment. 
• System and Company Administrators are notified by email when there is a new payment agreement to review and accept.
• Fees may or may not be applied depending on the general contractor you are working with.
• If fees are applied:
  • They are calculated at 20 basis points of the invoice's payout amount, with a maximum of $4,000 per commitment.
  • Fees are collected after the invoice payment is made. Currently, you must add a credit card to pay the fee.
  • The same credit card is currently used for all fees. If needed, you can Change the Default Payment Method.

Prerequisites

• The commitment is marked as 'Approved'.

Steps 

1. Navigate to your company's homepage. See How do I change companies?
2. Navigate to the Payments tool.
3. Click the Procore Pay Agreements tab.
4. Under 'Pending Agreements,' locate the agreement and click Review.
5. Review the Pay Agreement information.
6. If required, enter your credit card information and click Save Card.
7. Click Accept Agreement.

See Also 

• Manage Active Procore Pay Agreements as a Payee
• Add a Payment Method as a Payee
• Change the Default Payment Method as a Payee