The options you are presented with here are dependent on what payout currency you have selected. Which one should you use? Below is a quick overview of the recipient options for your transfer.
Recipient Types
Most common recipient options:
- Pay my own bank account: This option is available for all currencies and is used when you want to pay a bank account that is in your name.
- Pay somebody else’s bank account: This option is available for all currencies and is used when you want to pay an individual’s bank account, such as a friend or family member.
- A business bank account: Use this when you want to pay a business bank account such as for an invoice or purchase of goods and services.
- A person who will collect the funds: Use this when you want the recipient to collect the funds in cash from a collection point.
