Direct payments
Learn about how to handle typical use cases when using Fintoc for direct payments.
Only available in Chile
Direct payments is only available in Chile. It's not available in Mexico yet.
In direct payments, the money flows directly from your customer's bank account to the recipient account you specify.
If you collect the money in a single bank account, you'll need to periodically download your bank statement, run a reconciliation process to track and match Fintoc payments and handle any external bank transfers you may receive.
| Advantage | Disadvantage |
|---|---|
| The funds arrive instantly in the recipient's bank account. | You need to run complex reconciliation processes to handle external bank transfers, and track and match Fintoc payments. |
Updated over 1 year ago