Payment Methods Guide
This guide covers the payment methods available in TreasuryPath and how they work with routing details.
Overview
TreasuryPath supports various payment methods depending on the routing details configured for bank accounts. Each routing detail type supports specific payment methods optimized for that region or payment network.
Supported Payment Methods
The following payment methods are available through TreasuryPath:
| Payment Method | Description | Region/Network |
|---|---|---|
local |
Local payment method | Regional |
wire |
Wire transfers | Global |
swift |
SWIFT transfers | International |
npp |
New Payments Platform | Australia |
bank_transfer |
Bank transfer | Regional |
bpay |
BPAY | Australia |
eft |
Electronic funds transfer | Regional |
interac |
Interac | Canada |
faster_payments |
Faster payments | UK |
chaps |
CHAPS | UK |
ach |
ACH | United States |
fps |
Fast Payment System | Hong Kong |
rtgs |
Real-Time Gross Settlement | Regional |
fast |
Fast And Secure Transfers | Singapore |
giro |
GIRO | Singapore |
fedwire |
Fedwire | United States |
fednow |
FedNow | United States |
balance |
Balance | Internal |
How Payment Methods Work
Payment methods are determined by the routing details associated with bank accounts:
- Bank Account Setup: Each bank account has routing details that specify supported payment methods
- Payment Creation: When creating a payment, the system uses the routing details to determine available methods
- Method Selection: The appropriate payment method is selected based on factors like:
- Source and destination routing details
- Payment amount and currency
- Speed and cost requirements
- Regional availability
Using Payment Methods in API
When working with the TreasuryPath API, payment methods are handled automatically based on the bank account's routing details. You can:
- List Bank Accounts: Use the Bank Accounts API to see available accounts and their routing details
- Create Payments: Use the Payments API to create payments - the system will automatically select appropriate methods
- Get Quotes: Use the Quotes API to see available payment methods and their costs before creating a payment
Regional Considerations
Different regions support different payment methods:
- United States: ACH, Fedwire, FedNow, Wire
- United Kingdom: Faster Payments, CHAPS, Wire
- Australia: NPP, BPAY, Wire
- Canada: Interac, Wire
- Singapore: FAST, GIRO, Wire
- Hong Kong: FPS, Wire
- International: SWIFT, Wire
For specific routing detail configurations and supported methods, refer to the Bank Accounts API documentation.