Payment methods

Available payment methods display in a drop-down list for the payee. When the drop-down is not expanded, the default payment method shows in the field. The payee must expand the drop-down to see all the available options.

Payment methods display in the fixed order listed below. The default payment method is the first one listed (Direct Deposit/ ACH Automated Clearing House). If this method is unavailable, the default is the second listed payment method. If the first and second methods are unavailable, the default is the third payment method, and so on.

Select a payment method below to reveal further information.

ACH direct deposit is governed by NACHA National Automated Clearing House Association and is an electronic transfer of funds from sender to recipient. It's the most cost-effective method to deposit funds directly, in local currency, into the payee's bank account.

The payment information required from the payee differs per country. Common required fields are:

A minimum threshold can be defined by the payer, if desired. There are no transaction fees.

eCheck/ local bank transfer is similar to ACH direct deposit, but applies to many non-US countries (see Payment methods coverage for a complete list). Generally, there is no minimum threshold for payments; however, some currencies may have a maximum limit. There are no transaction fees, but foreign exchange fees may apply.

Wire transfer is a direct bank-to-bank transaction. It's the fastest method to deposit funds directly, in local currency, to the payee's bank account. Using the most advantageous currency exchange rates, this method maximizes the amount of local currency the payee receives when compared to transfers in USD that are converted to local currency.

The payee can add intermediary bank information (i.e., intermediary bank's SWIFT code, name and account number), if necessary, by clicking the "Add intermediary bank information" link below the "Country" field.

Generally, there is no minimum threshold for payments; however, some currencies may require a minimum amount. There are no transaction fees, but foreign exchange fees may apply.

The payment information required from the payee differs per country. Common required fields are:

Check refers to paper checks. The payee must provide the name to be written on the check and the address where to send the check. The payee is advised to allow 15 business days for the check to arrive. Checks are for deposit only and cannot be transferred.

The minimum threshold for payment via paper check is USD 50.00. There are no transaction fees, but foreign exchange fees may apply.

PayPal is an eWallet service that allows payees to receive payments. There is no minimum threshold for payments and PayPal transaction and withdrawal fees apply. Payees need to provide a PayPal email address in the iFrame and select the currency in which they want to be paid. If they do not select a currency, they are paid in the following currency by default:

In PayPal receipts, as well as the payee's PayPal account activity and payment email notifications, the payer's name and details display, not Tipalti's.

Supported PayPal payment currencies

Tipalti supports the following PayPal payment currencies. This list may be updated periodically.

Currency

ISO code
Australian dollar AUD
Canadian dollar CAD
Czech koruna CZK
Danish krone DKK
Euro EUR
Hong Kong dollar HKD
Hungarian forint HUF
Israeli new shekel ILS
Japanese yen JPY
Mexican peso MXN
New Taiwan dollar TWD
New Zealand dollar NZD
Norwegian krone NOK
Philippine peso PHP
Polish złoty PLN
Pound sterling GBP
Russian ruble RUB
Singapore dollar SGD
Swedish krona SEK
Swiss franc CHF
Thai baht THB
United States dollar USD

A prepaid debit card is a debit card preloaded with money. Intercash is a global provider of prepaid cards, which can be used at over 29 million locations worldwide where Mastercards are accepted (e.g., ATMs, point of sale, online purchases). There is no payment threshold The minimum/maximum amount that can be disbursed per payee currency and payment method and no transaction fee.

To get paid using a prepaid debit card, the payee must apply for a Mastercard® prepaid debit card issued by Intercash. Intercash provides the payee with a SAN Secondary Account Number, which must be entered in the iFrame.

An Intercash account can receive up to USD 500.00 in a single payment. Payees can increase the limit by upgrading their account level through the Intercash account dashboard.

The payee can choose to have payments held by the payer company. No disbursement is made until the payee changes this selection.