> ## 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

> >-

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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](/v2023-11-15/docs/payments/fintoc-collect-payments/payment-initiation-receiving-payouts), Fintoc sends the funds to your bank account. Fintoc discounts fees directly from your payouts.

| Advantage                                                                                                                                                                     | Disadvantage                                                                                                                                                                                                                    |
| :---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | :------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| Simple to operate with.<br />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](/v2023-11-15/docs/payments/fintoc-collect-payments/payment-initiation-receiving-payouts) 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.