SEND002 — Global Payment Methods & Execution Options

Modified on Thu, 30 Jul at 5:00 PM

Xtrm provides two primary frameworks for processing B2B and B2C global disbursements: Xtrm Choice™ (beneficiary selects the withdrawal channel) and Xtrm Direct™ (remitter pre-determines the exact payout channel).

Both execution frameworks are available across all operational tools: Advanced Send, Mass Payments (CSV File Upload), and the Xtrm Developer API.

1. Xtrm Choice™ (Recommended)

Xtrm Choice™ transfers funds directly into the beneficiary's (individual or company) Xtrm Digital Wallet. The recipient then self-serves and chooses how to withdraw or transfer their balance.

Key Advantages

Minimal Data Requirement: Remitters only need the recipient's name and email address—no sensitive banking or card credentials required upfront.
Beneficiary Autonomy: Recipients manage their own withdrawal channel, currency conversion (FX), and bank linking.
Reduced Compliance Risk: Eliminates the need for remitters to collect or store recipient bank details.
Branded Communication: Custom-branded email alerts notify recipients with your company's logo and payout details.

Xtrm Choice™ Options	Bank Account	Bank Check	Virtual and Plastic Visa	Digital Gift Cards
After payment, the user or company can choose to transfer to any of these options.
Method	EFT (Electronic Fund Transfer such as ACH, Wire, SEPA, Instant, Rapid ...)	Check mailed to individual or business	Online Instant Transfer	5000 + Global Gift Cards
Setup Fees or Card Fees	No	No	No	No
Geographical Coverage	Global	USA Only.	Global	Global
Fee	Zero	Zero	Zero	Zero

How It Works

The sender initiates a payment using the beneficiary’s name or email address.
The beneficiary receives payment notification and access to their XTRM Wallet.
The beneficiary selects their preferred method to receive or use the funds.

2. Xtrm Direct™

Xtrm Direct™ allows the remitter (the sending company) to choose and mandate the payout mechanism upfront, routing funds directly to the target destination without requiring the beneficiary to choose a withdrawal path.

Available Direct Payout Rails

Direct to Bank: Direct ACH, Wire, SEPA, or local EFT into the beneficiary's bank account.
Direct to Virtual Visa / Mastercard: Instant electronic issuance of prepaid virtual cards.
Direct to Digital Gift Card: Direct delivery of 100+ retailer gift cards.
Direct to Check: Physical paper check mailed directly to an individual or business address (USA Only).

Key Advantages

Full Remitter Control: Ideal when payouts must follow rigid corporate policies or contracts.
Automated Direct Delivery: Funds flow directly to bank accounts or virtual cards.
Global Currency Rail Support: Access competitive FX rates when converting to foreign currencies.

Each of these methods is accessible using advanced send, mass payments, or our API.