COMPANY007 - Understanding payment types

Modified on Tue, 16 May, 2023 at 9:31 PM

There are 3 main payment types:


Personal


These are payments made directly to individuals using one of these payment methods.


  • AnyPay Wallet (Recommended) - The user can choose how to receive the final payment (XTRM Choice)
  • Directly to their Bank Account
  • Directly to a Prepaid Visa
  • Directly to a Digital Gift Card
  • Directly to a Personal Check


Company 


These are payments made directly to companies using one of these payment methods. 


  • AnyPay Wallet (Recommended) - The user can choose how to receive the final payment (XTRM Choice) 
  • Directly to their Bank Account
  • Directly to a Prepaid Visa
  • Directly to a Digital Gift Card
  • Directly to a Company Check


Employer


Typically used for certain SPIF or performance-type payments. These are payments made directly to a company that an employee earned. The beneficiary employer company can review the breakdown of payments by individual and subsequently manage those funds any way they like, including processing these payments in XTRM, i.e., they can distribute those funds to the individual's digital wallets. More information HERE. They can also transfer to their business bank account or any other option we provide.


  • AnyPay Wallet (Recommended) - The user can choose how to receive the final payment (XTRM Choice) 
  • Directly to their Bank Account
  • Directly to a Prepaid Visa
  • Directly to a Digital Gift Card
  • Directly to a Company Check

 




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