Electronic Funds Transfer (EFT) for Non-Merch/GNFR
Electronic Funds Transfer (EFT) for Non-Merch/GNFR
                                                                                                
                                                                                                Published 09/27/2018, 06:27 PM 
                                                                                                
                                                                                                
                                                                                
                                                
                                                                                                Last Update 12/20/2023, 03:25 PM 
                                                                                                
                                                                                Best Buy requires suppliers to enroll in our EFT Program, which offers a quick, easy, and no cost way to receive payments electronically. Benefits include:
- Ease in Payment Delivery – All payments will be deposited directly into your bank account.
	- No lost checks
- No delays due to slow or lost mail
- No trips to the bank
 
 
- Immediate Payment Notification – As soon as a payment is initiated, an electronic notice is generated via email stating:
	- Expected payment date (float days apply)
- Remittance details
- A link to secure website to track payment
 
- On-Demand, Downloadable Remittance Details
	- 24 hours a day, 7 days a week
- A variety of formats easily integrated into your existing AR system with no limit to the amount of data or information you can receive. Formats include:
		- Email – with two “format” options; EDI or BBY Landscape
- CTX – with “format” of EDI
- Download from secure website- with two “format” options; EDI or BBY Landscape
- Receive remittance details from your bank via a CCD, CCD+ or CTX file
 
 
- Convera Business Solutions Client Service & Support
	- ePayment specialists are available to answer payment and remittance delivery questions daily from 7:30a.m. - 6:00p.m. CST.
		- Phone: 1-800-815-2460, option 2
- Email: vendormanagement@convera.com
 
 
- ePayment specialists are available to answer payment and remittance delivery questions daily from 7:30a.m. - 6:00p.m. CST.
		
Enrollment:
- Email the Supplier Setup Team at Best Buy to enroll in EFT.
- Complete enrollment form with all requested information and proceed through the prompts to submit form for approval.
- Once approval is received, payments will be processed through the ePayment Solutions Program within two weeks
Login:
Visit Convera's Payee Website to login.