CONDOMINIUM (COA) AND HOMEOWNERS (HOA)
electronic payment processing services
Provided by MAY Management Services Inc.
AvidXchange Payment Processing
MAY Management Services, Inc. services connect board members with AvidXchange – an industry leader providing electronic payment processing services. Through this service, we’ve committed to respecting the environment bygoing paperless, all while streamlining our payment process with a movement towards electronic transactions. All of our vendors are already enrolled in the AvidXchange Supplier Network taking advantage of AvidXchange electronic payment options.
Board members can login, review all invoices for the association, comment, reject for further information and approve payables in a matter of minutes. Board members choose when a vendor receives their payment.
AvidXchange offers several payment methods through their network to meet vendor needs. These include electronic options for quick and easy reconciliation, in addition to standard paper checks. The vendor can opt out of the electronic payment option and continue to receive the same paper checks as they are currently receiving. There are no additional costs to the Association’s for these options. Any cost associated with the two electronic options will be passed on to the vendor directly.
The three payment types for Vendors to choose from are: