Your payment method is the bank account Thera pulls funds from to pay your employees and contractors. You'll need to add one before your first payment can be processed.
Add a payment method
Click the gear icon in the top right, then select Payment Methods.
Click Add Method.
Enter the account holder name exactly as it appears on your bank account, then click Continue.
Thera uses Plaid to connect your bank. Enter your phone number, or select Continue without phone number.
Verification via Plaid
Clients choosing this option will be redirected to Plaid and guided through the process to connect and verify their account instantly.
Select your bank from the list, or search for it.
Log in through your bank and make sure all permission boxes are checked, then continue.
Select the account you want Thera to pull funds from.
To run W2 Payroll, you will need to verify Microdeposit values that will be received 1-2 days after linking your bank account
Manual Verification
If your bank isn't listed on Plaid
In an instance where your bank is not available on Plaid, reach out to the support team, and we'll help you connect your account through manual verification. A micro-deposit will be sent to the connected bank account to approve the connection.
Only bank accounts are supported. Credit cards can't be used to fund payments.
Good to know
Plaid is the service that connects your bank to Thera. You log in with your bank directly, so Thera never sees your banking username or password. You can read more on Plaid's website.
This is the account money comes from. Your team sets up their own payout details separately.
The account holder name must match your bank records exactly, or verification will fail.
Thera never sees your banking login. You log in directly with your bank.
Make sure the balance covers your payroll or invoice total before the funding deadline.
Changing banks? Add the new account before removing the old one.