Collection accounts help you accept and receive payments internationally. The Collection Accounts screen lists the account details that you can share with your customers to receive payments. Each collection account is applicable for a particular currency and payment mode. For example, if your customer wants to send the payment through USD in ACH payment type, you can send the corresponding collection account details to them. You can copy the account details from the dashboard and share them with your customers. Any payment received on this collection account will reflect in the Transactions screen. The copied collection account details will look like this: 
Account Holder Name: JOHN DOE CORP.
Account No.: 83127126461
ACH Routing Code : 026033150
Bank Name: Community Federal Savings Bank
Bank Address: 810 Seventh Avenue, New York, NY 10019, US
Bank Country: US
For successful transfer, please make a payment only via Local - ACH mode
The account number and the routing code are different for each currency.

Collection Accounts

The Collection Accounts screen has the following details:
  • Account No. - This represents the account number or IBAN code for the respective currency and payment mode combination.
  • Account Type - This represents the type of collection account (account number or IBAN).
  • Payment Type - This represents the mode of payment that the collection account can receive payments. We currently support 4 local rails & SWIFT payment types. Refer here for supported payment types.
  • Currency - This represents the currency supported for the corresponding collection account. We use standard ISO codes to refer to the currency.
  • Country - This represents the country the collection account belongs to.
  • Bank Name - This represents the name of the bank to which the collection account belongs to.
  • Bank Address - This represents the address of the bank where this collection account is located.
  • Routing Code - This represents the routing or sort code for the respective payment mode and bank.
  • Code Type - This represents the type of routing code for the bank. It can be a sort code, SWIFT code, ACH Routing code, or just routing code.

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Supported Currencies

Currency NameISO Code
United Arab Emirates DirhamAED
Australian DollarAUD
Canadian DollarCAD
Swiss FrancCHF
Chinese Yuan RenminbiCNY
European EuroEUR
Pound SterlingGBP
Hong Kong DollarHKD
Japanese YenJPY
Norwegian KroneNOK
New Zeland DollarNZD
Qatari RiyalQAR
Saudi Arabian RiyalSAR
Singapore DollarSGD
Thai BahtTHB
United States DollarUSD
South African RandZAR

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Supported Payment Types

Payment TypeDescription
Local - ACHACH Payment mode in the United States.
Local - SEPASingle Euro Payments Area payment mode in Europe.
Local - EFTElectronic Fund Transfer payment mode in Canada.
Local - FPSFaster Payments Service payment mode for Pound Sterling in GB.
SWIFTSociety for Worldwide Interbank Financial Telecommunications.
Use the Search & Filter option to view the collection accounts. Apply filters for account type, payment type, and currency from the drop-down menu.