Vendor Payment

Requesting schools send the following completed and signed documents to International Operations.

1. Consultant agreement or service contract

2. Vendor invoice (not required for grantees)

3. Payment Authorization Form

4. Payee Bank Details Verification Form (must be a bank account outside the US)

5. Applicable IRS taxpayer form (Foreign Source Statement, W8, or W9)

International Operations processes payment.

1. International Operations obtains required internal MGIC approvals.

2. International Operations sends payment by international wire transfer to vendor's non-US bank account.

3. International Operations sends proof of payment to vendor and to requestor in school.

International Operations and the requesting school complete reimbursement and reconciliation steps.

1. International Operations sends MGIC-US invoice for reimbursement of payment to requesting school.

2. Requesting school processes non-PO payment to MGIC through Quantum.

3. International Operations enters transaction into MGIC accounting system and creates audit file.