What is EvedPay?

EvedPay is a digital payment solution. EvedPay is becoming the preferred method of payment for the world's leading Fortune 500 companies and is accepted globally by 1200+ Marriott Hotels.

Create Merchant Account

Centralized payment process

Increased visibility

Create efficiency with all stakeholders

Benefits to you include:

Marketing Opportunities

Your profile can be viewed by thousands of professionals who use Eved to find suppliers
Say "YES" to more clients by accepting their preferred payment method

Easy, On-Time Payments

Less than 10 minute set-up process!
Receive direct deposit of payments via ACH or wire
Top-rated supplier support via phone and email

No Hidden Fees

Competitive merchant rates compared to traditional credit card fees
No set up fees, monthly fees, termination fees, or charge-backs

Real-Time Payment Data

Consolidated data for financial reporting and forecasting
Increased visibility with 24/7 access to payment status

How to set up your Merchant Account

Is there a cost?

There is no cost to open an EvedPay Merchant Account. Similar to how credit cards work, you pay a merchant fee only when a payment is processed. Marriott properties globally receive a special discounted merchant rate of just 2.2%. This rate supersedes the standard 3% rate that you will see when you open your account. As total spend volume hits additional thresholds, lower rates will automatically apply to all Marriott properties.

What are the steps to open my Merchant Account?

Opening an account is easy – takes less than 10 minutes. You can sign up by clicking the Create Merchant Account button. Below are the steps:

Create user name and enter business information
Add your bank account
Accept EvedPay's terms and conditions
Upload the relevant tax form
Provide finance contact (optional)

Go to Vendor Hub

Is this safe to do?

All account information is encrypted and payments are securely made via the ACH and global wire systems.

Does this impact my existing processes?

Not at all! You will continue to invoice your client per your normal process. Your customer will then initiate payment against your invoice, based on your agreed upon payment terms, and the payment will settle in your account.

Merchant Rates

Payment Volume	Standard Rate	Marriott Special Rate
Up to $1,000,000	3.0%	2.2%
$1,000,001 – $5,000,000	2.8%	2.2%
$5,000,001 – $25,000,000	2.6%	2.2%
$25,000,001 – $50,000,000	2.4%	2.2%
$50,000,001 – $100,000,000	2.2%	2.2%
$100,000,001 – $200,000,000	2.0%	2.0%
$200,000,001+	1.8%	1.8%

Why didn't I receive full payment?

EvedPay has a merchant fee similar to a credit card fee. However, unlike some credit cards where you receive the full amount invoiced and then are charged at a later date for the merchant fee, we process the payment and fee all at once. You'll therefore receive the net amount of the invoice minus the merchant fee when we process your customer's payment to you.

How do I account for the EvedPay merchant fee?

For accounting purposes, you can credit the full invoice amount to your sales account then deduct the EvedPay merchant fee from the same account used to deduct credit card fees. We provide you with a payment remittance at time of payment processing to do the proper accounting.

Start collaborating today.

Create Merchant Account