How to Add or Update Payment Method to your TaxCloud Account
In this article:
This video explains how to add a Payment Method to your TaxCloud account
Adding a payment method:
Ensuring a seamless and secure payment process is essential for managing your TaxCloud account. Follow these steps to add a payment method to your TaxCloud account:
Step 1: Access the Settings > Payment Method Tab from the left side Main Menu navigation
- Log in to your TaxCloud account. > Navigate to Settings , and locate the "Payment Method" tab.
Step 2: Expand the Payment Method Tab
- Click on the "Payment Method" tab to expand the options.
Step 3: Add a Payment Method
- Within the expanded tab, locate and click on the "Add Payment Method" button.
Step 4: Choose Payment Method Type
- TaxCloud offers two payment method options: ACH (bank payment) and Credit Card.
- Select your preferred payment method by clicking on either "ACH" or "Credit Card."
For ACH Payments:
- If you choose ACH, click on "Enter Information."
- Provide your billing address details.
- Continue to add payment details, including the routing number and account number for the designated account.
For Credit Card Payments:
- If you prefer a credit card, click on the credit card option.
- Enter your credit card details, including the credit card number, expiration date, and the three-digit CVV number.
Credit Card payments incur a 7% convenience fee
Step 5: Save Your Payment Method
- After entering the required information for your chosen payment method, click on the appropriate button to save your payment details.
Step 6: Confirmation
- Verify that your payment method has been successfully added by checking the payment method tab.
Congratulations! You have now added a payment method to your TaxCloud account, ensuring a smooth experience for transactions and payments.
How do I update existing payment method?
Keeping your payment information up-to-date is crucial for a smooth experience with TaxCloud. Follow these simple steps to update your existing payment method:
Step 1: Sign In and Access Settings
- Begin by signing in to your TaxCloud account.
- Once logged in, navigate to the "Settings" section.
Step 2: Open Payment Methods
- Within the "Settings" menu, locate and click on "Payment Methods."
Step 3: Locate the +Add Button
- Look for the orange "+Add" button in the upper-right corner of the screen. Click on this button to initiate the process of updating your payment method.
Step 4: Choose Payment Method Type
- After clicking "+Add," you will be prompted to select the type of payment method you want to update. You can choose between "Add Credit Card" or "Add Bank."
Step 5: Add Credit Card or Bank Information
For Credit Card:
- If updating a credit card, enter the new credit card details, including the credit card number, expiration date, and the three-digit CVV number.
For Bank:
- If updating a bank account, enter the necessary information, including the routing number and account number.
Step 6: Save Changes
- Once you've entered the updated payment information, click on the "Add" button to save the changes.
Step 7: Verify Update
- Confirm that your payment method has been successfully updated by checking the "Payment Methods" tab in your account settings.
You've now successfully updated your existing payment method on TaxCloud.