Procurement Services

Payment Methods Offered

The following payment methods and terms are offered by UCSB. Please select a method for more information.

Virtual Credit Card

Payment term: Immediate

UCSB will issue supplier a dedicated virtual credit card number for each payment batch. Supplier will access and draw down funds from the card product. Best for suppliers that routinely invoice the campus but cannot integrate their billing with UCSB's invoice processing system.

Credit Card

Payment term: Immediate

UCSB will process the payment as soon as the invoice is processed and approved. Best for suppliers that are set up with CXML or EDI based invoicing with UCSB.

ACH (multiple options)

Payment term: 2% 10 Net 30

UCSB will discount the invoice by 2% if paid within 10 days or otherwise pay the full amount within 30 days if the invoice is approved.

Payment term: Net 45

UCSB will pay the invoice 45 days after the invoice due date if the invoice is approved.

Check (multiple options)

Payment term: 2% 15 Net 30

UCSB will discount the invoice by 2% if paid within 15 days or otherwise pay the full amount within 30 days if the invoice is approved.

Payment term: Net 60

UCSB will pay the invoice 60 days after the invoice due date if the invoice is approved.

If suppliers have other terms to offer, they can negotiate with UCSB Procurement on other terms.

For more information, contact help@gateway.procurement.ucsb.edu