> ## 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.

# Payment scenarios

> Compare Fintoc collects and direct payments to choose a payment integration

Fintoc supports two payment scenarios based on where you operate. Use your business model to identify the appropriate integration:

| Payment scenario | Description                                                                                                                                                                           | Best for                                                                    | Supported in     |
| ---------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------- | ---------------- |
| Fintoc collects  | Your customer's payment goes to a bank account managed by Fintoc. Fintoc sends the money to your bank account according to your payout schedule and remains **in** the flow of funds. | Online retailers and other companies that sell goods or services online.    | Chile and Mexico |
| Direct payments  | Your customer's bank transfer goes directly to the bank account you specify. Fintoc is **not** in the flow of funds.                                                                  | Fintech companies such as wallets, neobanks, and peer-to-peer applications. | Chile            |

# Fintoc collects

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  <img src="https://mintcdn.com/fintoc-49b8bee8/YQmOnq8Zegydl6oL/images/0fac3f9acb607dd7538a40beef4aaad0d7bcca8b579c85c4e7d52a65ad53ac21-Presentacion_sin_titulo.png?fit=max&auto=format&n=YQmOnq8Zegydl6oL&q=85&s=cb007009e15b6befee8ba35fd3f863cd" width="960" height="540" data-path="images/0fac3f9acb607dd7538a40beef4aaad0d7bcca8b579c85c4e7d52a65ad53ac21-Presentacion_sin_titulo.png" />
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When Fintoc collects your payments, the money goes to a bank account managed by Fintoc. Fintoc tracks and matches payments as they settle in this account. Fintoc also handles external payments that reach this account through other channels, such as regular bank transfers. Based on your [payout schedule](/guides/payments/fintoc-collect-payments/payment-initiation-receiving-payouts), Fintoc sends the funds to your bank account. Fintoc deducts your [application fees](/guides/payments/fintoc-collect-payments/payment-initiation-receiving-payouts#billing) directly from your payouts.

This scenario has the following tradeoffs:

| Advantage                                                                                                      | Disadvantage                                                                                                                                                                                                |
| -------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| You do not need to reconcile Fintoc payments or handle external bank transfers. Fintoc handles both processes. | Funds arrive according to your payout schedule rather than immediately. See the [receiving payouts guide](/guides/payments/fintoc-collect-payments/payment-initiation-receiving-payouts) for payout timing. |

We recommend the Fintoc collects scenario for online retailers and other companies that want Fintoc to handle payment reconciliation and external bank transfers.

# Direct payments

<Frame>
  <img src="https://mintcdn.com/fintoc-49b8bee8/YQmOnq8Zegydl6oL/images/a6be80ca2e738f6b406394f665e597130002c5ea81a4b6e844173fbe94dd4ef9-Presentacion_sin_titulo_1.png?fit=max&auto=format&n=YQmOnq8Zegydl6oL&q=85&s=95ee3b05c9034840ce24f0108982d6fb" width="960" height="540" data-path="images/a6be80ca2e738f6b406394f665e597130002c5ea81a4b6e844173fbe94dd4ef9-Presentacion_sin_titulo_1.png" />
</Frame>

<Info>
  **Availability**

  Direct payments are available only for bank transfers in Chile.
</Info>

In direct payments, the money flows directly from your customer's bank account to the recipient account you specify.

If you collect payments in one bank account, periodically download the bank statement. Reconcile Fintoc payments and handle any external bank transfers that arrive in the account.

Direct payments have the following tradeoffs:

| Advantage                                          | Disadvantage                                                    |
| :------------------------------------------------- | :-------------------------------------------------------------- |
| Funds go directly to the recipient's bank account. | You must reconcile Fintoc payments and external bank transfers. |