Considerations
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 approved.
Depending on the general contractor you are working with, a Procore Pay Agreement may need be accepted before you can submit an invoice.
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.