Fintoc collects
Learn about how to handle typical use cases when Fintoc collects the payments on your behalf.
When Fintoc collects your payments, the money goes to a bank account managed by Fintoc. Fintoc tracks and matches when the payments settle on the account. We also handle any external payment —payments using an external channel, such as a regular bank transfer— to this account for you. Then, depending on your payout schedule, Fintoc sends the funds to your bank account. Fintoc discounts fees directly from your payouts.
Advantage | Disadvantage |
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Simple to operate with. You don't need to track and match the Fintoc payments you receive in your account, nor handle external bank transfers. Fintoc does this for you. | Funds arrive in your bank account with a delay. Usually the next business day. See the receiving payouts guide for more information. |
We recommend this type of integration for e-commerces or any company that wants to receive payments but doesn't want to handle a complex operation or edge cases.
Updated 10 months ago