> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fintoc.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Fintoc collects

> Learn how Fintoc collects payments on your behalf.

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When Fintoc collects your payments, the funds go to a bank account that Fintoc manages. Fintoc tracks each payment and reconciles it after settlement. Fintoc also handles payments sent to this account through external channels, such as bank transfers. Fintoc then sends the funds to your bank account according to your [payout schedule](/guides/payments/fintoc-collect-payments/payment-initiation-receiving-payouts). Fintoc deducts fees directly from your payouts.

This integration has the following advantage and disadvantage:

| Advantage                                                                               | Disadvantage                                                                                                                                                                                               |
| --------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Fintoc tracks and reconciles your payments and handles external bank transfers for you. | The funds reach your bank account after a delay and may arrive on the next business day. See the [receiving payouts guide](/guides/payments/fintoc-collect-payments/payment-initiation-receiving-payouts). |

Use this integration to receive payments without tracking reconciliation or handling external bank transfers.