As a Service Club vendor, it's important to keep your payment information up to date to ensure smooth and timely payments. Whether you're switching to a different bank account, updating your account details, or removing your bank details altogether, this guide will help you navigate the process with ease. Understanding how to manage your bank details within the Vendor Dashboard ensures that your payments are processed accurately and without delay.

1. Updating Your Payment Information in the Vendor Dashboard

Keeping your bank details updated is crucial to receiving payments on time and avoiding complications. If you need to change the information for your current bank account or update any details (like the account number, IBAN, or SWIFT code), follow these steps:

1.1 Step-by-Step Guide for Updating Bank Information

1. Log in to your Vendor Dashboard:
   Visit the Service Club Vendor Portal and log in using your credentials.

2. Navigate to the 'Payment Settings' Section:
   Once logged in, locate and click on the "Payment Settings" tab or section within the dashboard. This section houses your bank account details.

3. Select 'Update Bank Details':
   You'll see an option to update or change your bank details. Click on “Update Bank Details” to proceed.

4. Enter Updated Information:
   Enter the updated information for your bank account, including:

   • Bank Account Number

   • IBAN (if applicable)

   • SWIFT/BIC Code

   • Routing Number (for U.S. vendors)

   • Account Type (Checking/Savings)

   Double-check the accuracy of the information entered to avoid any payment delays or errors.

5. Save Your Changes:
   After entering the new bank details, review them and click “Save” or “Submit” to confirm the update. The system will update your bank account information in the Service Club system.

2. How to Switch to a Different Bank Account

If you wish to switch to a different bank account for receiving your payments, the process is very similar to updating your existing bank details. Follow the same steps above to access the Payment Settings section. Here’s how you can handle this transition:

2.1 Step-by-Step Guide for Switching Bank Accounts

1. Log into the Vendor Dashboard:
   Access your account in the Service Club Vendor Portal using your credentials.

2. Navigate to Payment Settings:
   Go to the “Payment Settings” or “Bank Account” section where your current bank details are listed.

3. Select 'Add a New Bank Account':
   In most cases, you will have an option to add a new bank account. Click “Add New Bank Account” or “Switch Bank Account” to begin the process.

4. Enter the New Bank Details:
   Provide the details of your new bank account, including the account number, IBAN (if applicable), SWIFT code, routing number, and account type. Be sure to enter this information accurately.

5. Confirm and Set as Default:
   After entering the new details, save the changes and set this new account as your default payment method for future payments.

6. Remove the Old Bank Account (Optional):
   If you no longer wish to keep your old bank account on file, you can remove it from the system. However, ensure the new account is fully active and has been confirmed before doing so.

📌 Tip: Make sure you have access to the new bank account and that it’s ready to accept payments before removing the old account.

3. What Happens If You Remove Your Bank Details?

Removing your bank account information from the Service Club Vendor Portal should be done with caution, as it could potentially delay future payments if not handled properly. Here’s what you need to know:

3.1 Consequences of Removing Your Bank Details

• No Payment Transfers: If you remove your bank account details, Service Club will no longer be able to process payments to you until updated information is provided. Your pending payments will be on hold.

• Payment Delays: If payments are due and your account details are removed, the payment will not be processed until you update your bank account information in the system.

• Incomplete Payment Setup: Ensure that your new bank details are added and confirmed before removing the old ones to avoid any gaps in payment processing.

3.2 Steps to Take Before Removing Your Bank Details

Before removing your bank account details from the system, make sure to:

• Verify that the new bank account is fully set up and active in the system.

• Check for any pending payments and confirm that they have been processed or will be processed before making changes.

• Double-check the information for your new bank account to avoid issues when updating the system.

4. Common Questions About Changing or Removing Bank Details

4.1 How soon will changes to my bank details take effect?

Changes to your bank details typically take effect immediately, but it may take a few business days for the updated information to be processed in the payment system. Please allow some time for the system to reflect the new details.

4.2 Can I change my bank details if I already have pending payments?

Yes, you can update your bank details even if you have pending payments. However, payments that are already being processed may not be redirected to the new account. It’s essential to ensure that your bank account details are updated prior to the next payment cycle to avoid delays.

4.3 What should I do if I’ve removed my bank account details by mistake?

If you’ve accidentally removed your bank account information and it’s causing delays in payment, you should immediately update your bank details in the system with the correct information. If necessary, contact Service Club support for assistance.

5. Final Thoughts on Managing Bank Details

Managing your bank details correctly is an important part of being a successful vendor with Service Club. Always keep your bank account information up to date to ensure timely payment processing. If you need to make any changes, use the Vendor Dashboard to update or switch accounts, and ensure that your new details are accurate and confirmed.

If you encounter any issues or have questions, don’t hesitate to reach out to Service Club support for further assistance.