Business payments

This document lists the required details that needs to be sent for each of our payout corridor

Note Occasionally there might be issues with one of the corridors and we might have to disable them temporarily. Once youre onboarded we’ll let you know if this happens. Also if you’re trying to use a disabled corridor you’re going to receive a validation error stating that the corridor is not active, and you won’t be able to create new transactions there.

Our system not only allows transactions from personal senders to personal recipients, but also to and from business senders and business recipients. Note however that regulatory and other requirements might be more strict for these transactions, so before you start implementing business transactions please reach out to our sales and account management team for more information.

Business senders

For business senders you need to provide different details than for personal senders. More specifically you need to provide:

  • Name of the company
  • Country of incorporation
  • Registration date and number
  • Trading address
  • Company’s type
  • Industry / nature of business

Please see the following example on how to provide these fields:

{
    "type": "business",
    "name": "Company name",

    // Country of Incorporation
    "country": "US",

    // Trading address of the company
    "trading_country": "US",
    "city": "New York",
    "street": "20 W 34th St",
    "postal_code": "10001",
    "address_description": "",

    // Company Details
    "legal_entity_type": "privately_owned_company", // company type
    "registration_date": "2012-01-25",
    "registration_number": "VAT1234567",
    "nature_of_business": "retail_trade", // industry

    // Contact Details
    "phone_country": "US",
    "phone_number": "5555551234",
    "email": "example@home.org",

    // ID of the sender in your system
    "external_id": "Sender:Business:US:234523",

    // these fields are mandatory, but you can usually leave them with the following default values:
    "documents": [ ],
    "ip": "127.0.0.1",
    "metadata": {}
}
Sender sender = new Sender(
  type: TypeEnum.BUSINESS,
  name: "Company Name",

// Country of Incorporation
  country: "US",

// Trading address of the company
  tradingCountry: "US",
  city: "New York",
  street: "20 W 34th St",
  postalCode: "10001",
  addressDescription: "",

// Company Details
  legalEntityType: LegalEntityTypeEnum.PRIVATELY_OWNED_COMPANY,
  registrationDate: DateTime.Parse(2012-01-25"),
  registrationNumber: "VAT1234567",
  natureOfBusiness: NatureOfBusinessEnum.RETAIL_TRADE,

// Contact Details
  phoneCountry: "US",
  phoneNumber: "5555551234",
  email: "info@transferzero.com",

// ID of the sender in your system
  externalId: "Sender:Business:234523",

// you'll need to set these fields but usually you can leave them the default
  ip: "127.0.0.1",
  documents: new List<Document>());
Dim sender as Sender = New Sender(
  type:=TypeEnum.BUSINESS,
  name:="Company Name",

' Country of Incorporation
  country:="US",

' Trading address of the company
  tradingCountry:="US",
  city:="New York",
  street:="20 W 34th St",
  postalCode:="10001",
  addressDescription:="",

' Company Details
  legalEntityType:=LegalEntityTypeEnum.PRIVATELY_OWNED_COMPANY,
  registrationDate:=DateTime.Parse("2012-01-25"),
  registrationNumber:="VAT1234567",
  natureOfBusiness:=NatureOfBusinessEnum.RETAIL_TRADE,

' Contact Details
  phoneCountry:="US",
  phoneNumber:="5555551234",
  email:="info@transferzero.com",

' ID of the sender in your system
  externalId:="Sender:Business:234523",

' you'll need to set these fields but usually you can leave them the default
  ip:="127.0.0.1",
  documents:=New List(Of Document)()))
Sender sender = new Sender();
sender.setType(TypeEnum.BUSINESS);
sender.setName("Company Name");

// Country of Incorporation
sender.setCountry("US");

// Trading address of the company
sender.setTradingCountry("US");
sender.setCity("New York");
sender.setStreet("20 W 34th St");
sender.setPostalCode("10001");
sender.setAddressDescription("");

// Company Details
sender.setLegalEntityType(LegalEntityTypeEnum.PRIVATELY_OWNED_COMPANY);
sender.setRegistrationDate(LocalDate.parse("2012-01-25"));
sender.setRegistrationNumber("VAT1234567");
sender.setNatureOfBusiness(NatureOfBusinessEnum.RETAIL_TRADE);

// Contact Details
sender.setPhoneCountry("US");
sender.setPhoneNumber("5555551234");
sender.setEmail("info@transferzero.com");

// ID of the sender in your system
sender.setExternalId("Sender:Business:234523");

// you'll need to set these fields but usually you can leave them the default
sender.setIp("127.0.0.1");
sender.setDocuments(new ArrayList<>());
const sender = new TransferZeroSdk.Sender();
sender.type = "business";
sender.name = "Company Name";

// Country of Incorporation
sender.country = "US";

// Trading address of the company
sender.trading_country = "US";
sender.city = "New York";
sender.street = "20 W 34th St";
sender.postal_code = "10001";
sender.address_description = "";

// Company Details
sender.legal_entity_type = "privately_owned_company";
sender.registration_date = "2012-01-25";
sender.registration_number = "VAT1234567";
sender.nature_of_business = "retail_trade";

// Contact Details
sender.phone_country = "US";
sender.phone_number = "5555551234";
sender.email = "info@transferzero.com";

// ID of the sender in your system
sender.external_id = "Sender:Business:234523";

// you'll need to set these fields but usually you can leave them the default
sender.ip = "127.0.0.1";
sender.documents = [];
$sender = new Sender();
$sender->setType("business");
$sender->setName("Company Name");

// Country of Incorporation
$sender->setCountry("US");

// Trading address of the company
$sender->setTradingCountry("US");
$sender->setCity("New York");
$sender->setStreet("20 W 34th St");
$sender->setPostalCode("10001");
$sender->setAddressDescription("");

// Company Details
$sender->setLegalEntityType("privately_owned_company");
$sender->setRegistrationDate(2012-01-25");
$sender->setRegistrationNumber("VAT1234567");
$sender->setNatureOfBusiness("retail_trade");

// Contact Details
$sender->setPhoneCountry("US");
$sender->setPhoneNumber("5555551234");
$sender->setEmail("info@transferzero.com");

// ID of the sender in your system
$sender->setExternalId("Sender:Business:234523");

// you'll need to set these fields but usually you can leave them the default
$sender->setIp("127.0.0.1");
$sender->setDocuments([]);
sender = TransferZero::Sender.new
sender.type = "business"
sender.name = "Company Name"

# Country of Incorporation
sender.country = "US"

# Trading address of the company
sender.trading_country = "US"
sender.city = "New York"
sender.street = "20 W 34th St"
sender.postal_code = "10001"
sender.address_description = ""

# Company Details
sender.legal_entity_type = "privately_owned_company"
sender.registration_date = "2012-01-25"
sender.registration_number = "VAT1234567"
sender.nature_of_business = "retail_trade"

# Contact Details
sender.phone_country = "US"
sender.phone_number = "5555551234"
sender.email = "info@transferzero.com"

# ID of the sender in your system
sender.external_id = "Sender:Business:234523"

# you'll need to set these fields but usually you can leave them the default
sender.ip = "127.0.0.1"
sender.documents = []

The valid values for the company type / legal entity type are the following:

Note! If you select financial_institution then the fields vat_registration_number, financial_regulator and regulatory_licence_number will be mandatory for the sender as well.

The valid values for the industry / nature of business are the following:

- personal: Personal
- agriculture_and_hunting: Agriculture and Hunting
- forestry: Forestry
- fishing: Fishing
- agricultural_by_products: Agricultural By-Products
- coal_mining: Coal Mining
- oil_mining: Oil Mining
- iron_ore_mining: Iron Ore Mining
- other_metal_and_diamond_mining: Other Metal and Diamond Mining
- other_mineral_mining: Other Mineral Mining
- manufacturing_of_food_drink_tobacco: Manufacture of Food/Drink/Tobacco
- manufacturing_of_textiles_leather_fur_furniture: Manufacture of Textiles/Leather/Fur/Furniture
- manufacture_of_wooden_products_furniture: Manufacture of Wooden Products/Furniture
- manufacture_of_paper_pulp_allied_products: Manufacture of Paper/Pulp/Allied Products
- manufacture_of_chemicals_medical_petroleum_rubber_plastic_products: Manufacture Of Chemicals Medical Petroleum Rubber Plastic Products
- manufacture_of_pottery_china_glass_stone: Manufacture Of Pottery China Glass Stone
- manufacture_of_iron_steel_non_ferrous_metals_basic_industries: Manufacture Of Iron Steel Non-Ferrous Metals Basic Industries
- manufacture_of_metal_products_electrical_and_scientific_engineering: Manufacture Of Metal Products Electrical And Scientific Engineering
- manufacture_of_jewelry_musical_instruments_toys: Manufacture Of Jewelry Musical Instruments Toys
- electricity_gas_and_water: Electricity, Gas And Water
- construction: Construction
- wholesale_trade: Wholesale Trade
- retail_trade: Retail Trade
- catering_incl_hotels: Catering Incl. Hotels
- transport_storage: Transport Storage
- communications: Communications
- finance_and_holding_companies: Finance And Holding Companies
- insurance: Insurance
- business_services: Business Services
- real_estate_development_investment: Real Estate Development Investment
- central_state_governments: Central State Governments
- community_services_defence_police_prisons_etc: Community Services Defence Police Prisons Etc
- social_services_education_health_care: Social Services Education Health Care
- personal_services_leisure_services: Personal Services - Leisure Services
- personal_services_domestic_laundry_repairs: Personal Services - Domestic Laundry Repairs
- personal_services_embassies_international_organisations: Personal Services - Embassies

Ghana

GHS::Bank

For Ghanan bank payments please use:

"details": {
  "name": "Company name",
  "bank_code": "030100",
  "bank_account": "123456789"
}

The current banks supported and their bank_code values are:

ABSA Ghana Bank (formerly Barclays): 030100
Access Bank: 280100
Agricultural Development Bank: 080100
Bank of Africa: 210100
CAL Bank: 140100
Ecobank: 130100
Fidelity Bank: 240100
First Atlantic Bank: 170100
First Bank Nigeria: 200100
First National Bank: 330100
GCB Bank: 040100
Guaranty Trust Bank: 230100
Heritage Bank: 370100
National Investment Bank: 050100
Prudential Bank: 180100
Republic HFC Bank: 110100
Stanbic Bank: 190100
Standard Chartered Bank: 020100
United Bank for Africa: 060100
Zenith Bank: 120100

Please note that there is no standard format across banks for account numbers in this corridor. If you wish to check for correctness you can see the following list:

ABSA Ghana Bank (formerly Barclays): 10 or 13 digits
Access Bank: 13 digits
Agricultural Development Bank: 16 digits
Bank of Africa: 11 digits
CAL Bank: 13 digits
Ecobank: 13 or 16 digits
Fidelity Bank: 13 digits
First Atlantic Bank: 13 digits
First Bank Nigeria: 13 digits
First National Bank: 11 digits
GCB Bank: 13 digits
Guaranty Trust Bank: 13 digits
Heritage Bank: 13 digits
National Investment Bank: 13 digits
Prudential Bank: 13 digits
Republic HFC Bank: 13 digits
Stanbic Bank: 13 digits
Standard Chartered Bank: 13 digits
United Bank for Africa: 13 or 14 digits
Zenith Bank: 10 digits

Europe / SEPA

EUR::Bank

For EUR IBAN transfers please use:

"details": {
  "name": "Company name",
  "iban": "DE89370400440532013000",
  "bank_name": "Deutsche Bank", // Optional
  "bic": "DEUTDEBBXXX" // Optional
}

Warning! If the recipient account is not an EUR account then the recipient’s bank might charge for converting the received funds from EUR to the local currency.

Note! Transfer is done using the fastest method available on the recipient’s bank.

  • If the recipient’s bank supports the Instant Payment network funds will arrive within 2 hours (but usually within a couple minutes)
  • If the recipient’s bank supports the SEPA system, funds will arrive within 1-2 business days
  • If the recipient’s bank only supports the Swift system, funds will arrive within 2-5 business days

GBP::Bank

For GBP::Bank there are two payout options available:

  1. GBP Payments with account number and sort code
  2. GBP IBAN transfers

For GBP Payments with account number and sort code please use:

"details": {
  "name": "Company name",
  "bank_name": "Lloyds Bank",
  "bank_account": "12345678",
  "sort_code": "123456"
}

For GBP IBAN transfers please use:

"details": {
  "name": "Company name",
  "bank_name": "Lloyds Bank",
  "iban": "GB29LOYD60161331926819",
  "bic": "LOYDGB2L" // Optional
}

Warning! If the recipient account is not an GBP account then the recipient’s bank might charge for converting the received funds from GBP to the local currency.

Note!

  • The customer needs to enter either an IBAN (and an optional BIC), or an account number and sort code.
  • Transfer is done using the fastest method available on the recipient’s bank.
  • If the recipient’s bank is in the UK, and supports the Faster Payment network funds will arrive within 2 hours (but usually within a couple minutes)
  • If the recipient’s bank supports the SEPA system, funds will arrive within 1-2 business days
  • If the recipient’s bank only supports the Swift system, funds will arrive within 2-5 business days

West Africa / XOF

XOF::Bank

For West African bank payments in selected countries please use the following:

"details" : {
  "name": "Company name",
  "iban": "BJ0610100100144390000769", // BBAN format: AA123 12345 123456789012 12
  "transfer_reason": "personal_account"
}

List of available transfer_reasons and their corresponding keys to use:

Sending money into my own account: personal_account
Donations and gifts: donations_and_gifts
Sending money to a friend, family member or any third party person: third_party_person_account
Mortgage repayments: mortgage_repayments
Business Travel Payments: business_travel_payments
Personal Travel Payments: personal_travel_payments
Tuition fees: tuition_fees
Commission and fees for financial services: financial_commission_fees
Proceeds for financial services charged for advice provided: financial_services_proceeds
Investment into property by a foreign individual: individual_property_investments
Investment by a foreign individual - other: other_investments
Investment into property by a foreign corporate entity: corporate_property_investments
Capital payments by immigrants: immigrants_capital_payments
Legal services: legal_services
Accounting services: accounting_services
Management consulting services: consulting_services
Public relation services: public_relation_services
Advertising & market research services: ads_and_market_research_services
Managerial services: managerial_services
Medical and dental services: medical_and_dental_services
Educational services: educational_services
Operational leasing: operational_leasing
Cultural and recreational services: cultural_and_recreational_services
Salary paid to South African Resident Temporarily Abroad: salary_resident_out_country
Salary paid to a non-resident employee in South Africa: salary_non_resident_in_country
Salary paid to a foreign national contract worker in South Africa: salary_contract_worker_in_country
Payments to social security schemes: social_security_schemes
Payments to charities and religious bodies: charities_and_religious_bodies
Donations and aid to Government: donations_and_aid_to_government
Donations and aid to private sector: donations_and_aid_to_private
Pensions: pensions
Annuities: annuities
Inheritances: inheritances
Alimony: alimony
Tax - Income tax: tax_income
Tax - VAT refunds: tax_vat_refunds
Tax - Other: tax_other
Insurance premiums (non life/short term): non_life_insurance_premiums
Insurance premiums (life): life_insurance_premiums
Dividends: dividends
Branch profits: branch_profits
Commission or brokerage: commision_or_brokerage
Rental: rental
Income earned abroad by a resident on an individual investment: individual_investment_income_from_abroad
Sale of shares: shares_sale
Sale of bonds: bonds_sale
Sale of money market instruments: money_market_instruments_sale
Repatriation of funds out of a foreign bank account: funds_repatriation_of_foreign_bank_account
Sale of mutual funds or collective investment schemes: mutual_funds_sale_or_collective_investment
Sale of overseas property: overseas_property_sale
Sale and repatriation of other investment: sale_and_repatriation_of_other_investment
Repatriation on instruction by the South African Reserve Bank: repatriation_south_african_reserve_bank_instruction
Loan made to a resident by a non-resident shareholder: resident_loan_from_non_resident_share_holder
Loan made to a resident by a non-resident third party: resident_loan_from_non_resident_third_party
Repayment by a South African living overseas of a loan granted by a resident: resident_loan_repayment_from_overseas_living_south_african
Repayment of a study loan: study_loan_repayment
Repayment of a shareholders loan: shareholders_loan_repayment
Repayment of a third party loan (excluding shareholders): third_party_loan_repayment
Repayment of a trade finance loan: trade_finance_loan_repayment
Proceeds received for research and development services: research_and_development_proceeds
Funding received for research and development: research_and_development_funding
Repairs and maintenance on machinery and equipment: machinary_and_equipment_repairs
Architectural, engineering and other technical services: architectural_engineering_technical_services
Agricultural, mining, waste treatment and depollution services: agrigultural_mining_waste_depollution_services
Proceeds for construction services: construction_services
Payments for telecommunication services: telecommunication_services
Payments for data, news related and news agency fees: data_news_agency_fees
Payments for passenger services - road: road_passenger_services
Payments for passenger services - rail: rail_passenger_services
Payments for passenger services - sea: sea_passenger_services
Payments for passenger services - air: air_passenger_services
Payments for freight services - road: road_freight_services
Payments for freight services - rail: rail_freight_services
Payments for freight services - sea: sea_freight_services
Payments for freight services - air: air_freight_services
Payments for postal and courier services - road: road_postal_and_courier_services
Payments for postal and courier services - rail: rail_postal_and_courier_services
Payments for postal and courier services - sea: sea_postal_and_courier_services
Payments for postal and courier services - air: air_postal_and_courier_services
Investment in listed shares: listed_shares_investment
Investment in non-listed shares: non_listed_shares_investment
Investment into money market instruments: money_market_instruments_investment
Investment into listed bonds: listed_bonds_investment
Investment into non-listed bonds: non_listed_bonds_investment
Rights assigned for licences to reproduce and/or distribute: reproduce_distribute_rights_license
Rights assigned for using patents and inventions (licensing): patents_and_investions_rights_license
Rights assigned for using patterns and designs (including industrial processes): patterns_and_designs_rights
Rights assigned for using copyrights: copyrights_rights
Rights assigned for using franchises and trademarks: franchises_and_trademarks_rights
Disposal of patents and inventions: patents_and_inventions_disposal
Disposal of patterns and designs (including industrial processes): patterns_and_designs_disposal
Disposal of copyrights: copyrights_disposal
Disposal of franchises and trademarks: franchises_and_trademarks_disposal
Sales of original manuscripts, sound recordings and films: sales_of_manuscripts_sound_recordings_films
Receipt of funds relating to the production of motion pictures, radio and television programs and musical recordings: funds_related_to_recording_productions
The outright selling of ownership rights of software: software_ownership_rights_sale
Computer-related services including maintenance, repair and consultancy: computer_services
Commercial sales of customised software and related licenses for use of customers: customised_software_sales
Commercial sales of non-customised software on physical media with periodic licence to use: non_customised_software_on_physical_media_periodic_licence_sale
Commercial sales of non-customised software provided on physical media with right to perpetual (ongoing) use: non_customised_software_on_pyisical_media_perpetual_use_sale
Commercial sales of non-customised software provided for downloading or electronically: non_customised_software_for_downloading_electronically_made_periodic_licence_salemade available with periodic license'
Commercial sales of non-customised software provided for downloading or electronically: non_customised_software_for_downloading_electronically_made_single_payment_salemade available with single payment'
Donations to SA Government for fixed assets: fixed_assets_donations_to_sa_government
Donations to corporate entities - fixed assets: fixed_assets_donations_to_corporate_entities
Disinvestment of property by a resident corporate entity: property_disinvestment_by_corporate_entity_resident
Proceeds for other business services not included elsewhere: other_business_services
Disinvestment by resident institutional investor - Collective Investment Scheme: institutional_investor_disinvestment
Payment for Government Services: government_services

Note XOF::Bank payouts are currently in beta phase.

South Africa

ZAR::Bank

For South African bank payments please use the following recipient details:

"details": {
  "name": "Company name",
  "street": "14 Main Street", // should include house number as well
  "postal_code": "AB0001",
  "city": "Cape Town",
  "email": "recipient@email.com", // optional, but highly recommended
  "bank_code": "334810",
  "bank_account": "12345678",
  "phone_number": "+27119785313",
  "transfer_reason": "personal_account",
  "contact_first_name": "First",
  "contact_last_name": "Last",
  "legal_entity_type": "privately_owned_company",
  "registration_number": "VAT1234567", // optional
  "nature_of_business": "retail_trade" // optional
}

The company types supported and corresponding legal_entity_type are:

Sole Proprietorship: sole_proprietorship
Partnership: partnership
Privately Owned Company (Limited Company): privately_owned_company
Publicly Listed Company (PLC): publicly_owned_company
Government Owned Entity Trusts: government_owned_entity
GO (Majority Owned Subsidiary of State-Owned Company): go
Financial Institution: financial_institution

The valid values for nature_of_business are the following:

- Personal: personal
- Agriculture and Hunting: agriculture_and_hunting
- Forestry: forestry
- Fishing: fishing
- Agricultural By-Products: agricultural_by_products
- Coal Mining: coal_mining
- Oil Mining: oil_mining
- Iron Ore Mining: iron_ore_mining
- Other Metal and Diamond Mining: other_metal_and_diamond_mining
- Other Mineral Mining: other_mineral_mining
- Manufacture of Food/Drink/Tobacco: manufacturing_of_food_drink_tobacco
- Manufacture of Textiles/Leather/Fur/Furniture: manufacturing_of_textiles_leather_fur_furniture
- Manufacture of Wooden Products/Furniture: manufacture_of_wooden_products_furniture
- Manufacture of Paper/Pulp/Allied Products: manufacture_of_paper_pulp_allied_products
- Manufacture Of Chemicals Medical Petroleum Rubber Plastic Products: manufacture_of_chemicals_medical_petroleum_rubber_plastic_products
- Manufacture Of Pottery China Glass Stone: manufacture_of_pottery_china_glass_stone
- Manufacture Of Iron Steel Non-Ferrous Metals Basic Industries: manufacture_of_iron_steel_non_ferrous_metals_basic_industries
- Manufacture Of Metal Products Electrical And Scientific Engineering: manufacture_of_metal_products_electrical_and_scientific_engineering
- Manufacture Of Jewelry Musical Instruments Toys: manufacture_of_jewelry_musical_instruments_toys
- Electricity, Gas And Water: electricity_gas_and_water
- Construction: construction
- Wholesale Trade: wholesale_trade
- Retail Trade: retail_trade
- Catering Incl. Hotels: catering_incl_hotels
- Transport Storage: transport_storage
- Communications: communications
- Finance And Holding Companies: finance_and_holding_companies
- Insurance: insurance
- Business Services: business_services
- Real Estate Development Investment: real_estate_development_investment
- Central State Governments: central_state_governments
- Community Services Defence Police Prisons Etc: community_services_defence_police_prisons_etc
- Social Services Education Health Care: social_services_education_health_care
- Personal Services - Leisure Services: personal_services_leisure_services
- Personal Services - Domestic Laundry Repairs: personal_services_domestic_laundry_repairs
- Personal Services - Embassies: personal_services_embassies_international_organisations

List of available transfer_reasons and their corresponding keys to use:

Sending money into my own account: personal_account
Donations and gifts: donations_and_gifts
Sending money to a friend, family member or any third party person: third_party_person_account
Mortgage repayments: mortgage_repayments
Business Travel Payments: business_travel_payments
Personal Travel Payments: personal_travel_payments
Tuition fees: tuition_fees
Commission and fees for financial services: financial_commission_fees
Proceeds for financial services charged for advice provided: financial_services_proceeds
Investment into property by a foreign individual: individual_property_investments
Investment by a foreign individual - other: other_investments
Investment into property by a foreign corporate entity: corporate_property_investments
Capital payments by immigrants: immigrants_capital_payments
Legal services: legal_services
Accounting services: accounting_services
Management consulting services: consulting_services
Public relation services: public_relation_services
Advertising & market research services: ads_and_market_research_services
Managerial services: managerial_services
Medical and dental services: medical_and_dental_services
Educational services: educational_services
Operational leasing: operational_leasing
Cultural and recreational services: cultural_and_recreational_services
Salary paid to South African Resident Temporarily Abroad: salary_resident_out_country
Salary paid to a non-resident employee in South Africa: salary_non_resident_in_country
Salary paid to a foreign national contract worker in South Africa: salary_contract_worker_in_country
Payments to social security schemes: social_security_schemes
Payments to charities and religious bodies: charities_and_religious_bodies
Donations and aid to Government: donations_and_aid_to_government
Donations and aid to private sector: donations_and_aid_to_private
Pensions: pensions
Annuities: annuities
Inheritances: inheritances
Alimony: alimony
Tax - Income tax: tax_income
Tax - VAT refunds: tax_vat_refunds
Tax - Other: tax_other
Insurance premiums (non life/short term): non_life_insurance_premiums
Insurance premiums (life): life_insurance_premiums
Dividends: dividends
Branch profits: branch_profits
Commission or brokerage: commision_or_brokerage
Rental: rental
Income earned abroad by a resident on an individual investment: individual_investment_income_from_abroad
Sale of shares: shares_sale
Sale of bonds: bonds_sale
Sale of money market instruments: money_market_instruments_sale
Repatriation of funds out of a foreign bank account: funds_repatriation_of_foreign_bank_account
Sale of mutual funds or collective investment schemes: mutual_funds_sale_or_collective_investment
Sale of overseas property: overseas_property_sale
Sale and repatriation of other investment: sale_and_repatriation_of_other_investment
Repatriation on instruction by the South African Reserve Bank: repatriation_south_african_reserve_bank_instruction
Loan made to a resident by a non-resident shareholder: resident_loan_from_non_resident_share_holder
Loan made to a resident by a non-resident third party: resident_loan_from_non_resident_third_party
Repayment by a South African living overseas of a loan granted by a resident: resident_loan_repayment_from_overseas_living_south_african
Repayment of a study loan: study_loan_repayment
Repayment of a shareholders loan: shareholders_loan_repayment
Repayment of a third party loan (excluding shareholders): third_party_loan_repayment
Repayment of a trade finance loan: trade_finance_loan_repayment
Proceeds received for research and development services: research_and_development_proceeds
Funding received for research and development: research_and_development_funding
Repairs and maintenance on machinery and equipment: machinary_and_equipment_repairs
Architectural, engineering and other technical services: architectural_engineering_technical_services
Agricultural, mining, waste treatment and depollution services: agrigultural_mining_waste_depollution_services
Proceeds for construction services: construction_services
Payments for telecommunication services: telecommunication_services
Payments for data, news related and news agency fees: data_news_agency_fees
Payments for passenger services - road: road_passenger_services
Payments for passenger services - rail: rail_passenger_services
Payments for passenger services - sea: sea_passenger_services
Payments for passenger services - air: air_passenger_services
Payments for freight services - road: road_freight_services
Payments for freight services - rail: rail_freight_services
Payments for freight services - sea: sea_freight_services
Payments for freight services - air: air_freight_services
Payments for postal and courier services - road: road_postal_and_courier_services
Payments for postal and courier services - rail: rail_postal_and_courier_services
Payments for postal and courier services - sea: sea_postal_and_courier_services
Payments for postal and courier services - air: air_postal_and_courier_services
Investment in listed shares: listed_shares_investment
Investment in non-listed shares: non_listed_shares_investment
Investment into money market instruments: money_market_instruments_investment
Investment into listed bonds: listed_bonds_investment
Investment into non-listed bonds: non_listed_bonds_investment
Rights assigned for licences to reproduce and/or distribute: reproduce_distribute_rights_license
Rights assigned for using patents and inventions (licensing): patents_and_investions_rights_license
Rights assigned for using patterns and designs (including industrial processes): patterns_and_designs_rights
Rights assigned for using copyrights: copyrights_rights
Rights assigned for using franchises and trademarks: franchises_and_trademarks_rights
Disposal of patents and inventions: patents_and_inventions_disposal
Disposal of patterns and designs (including industrial processes): patterns_and_designs_disposal
Disposal of copyrights: copyrights_disposal
Disposal of franchises and trademarks: franchises_and_trademarks_disposal
Sales of original manuscripts, sound recordings and films: sales_of_manuscripts_sound_recordings_films
Receipt of funds relating to the production of motion pictures, radio and television programs and musical recordings: funds_related_to_recording_productions
The outright selling of ownership rights of software: software_ownership_rights_sale
Computer-related services including maintenance, repair and consultancy: computer_services
Commercial sales of customised software and related licenses for use of customers: customised_software_sales
Commercial sales of non-customised software on physical media with periodic licence to use: non_customised_software_on_physical_media_periodic_licence_sale
Commercial sales of non-customised software provided on physical media with right to perpetual (ongoing) use: non_customised_software_on_pyisical_media_perpetual_use_sale
Commercial sales of non-customised software provided for downloading or electronically: non_customised_software_for_downloading_electronically_made_periodic_licence_salemade available with periodic license'
Commercial sales of non-customised software provided for downloading or electronically: non_customised_software_for_downloading_electronically_made_single_payment_salemade available with single payment'
Donations to SA Government for fixed assets: fixed_assets_donations_to_sa_government
Donations to corporate entities - fixed assets: fixed_assets_donations_to_corporate_entities
Disinvestment of property by a resident corporate entity: property_disinvestment_by_corporate_entity_resident
Proceeds for other business services not included elsewhere: other_business_services
Disinvestment by resident institutional investor - Collective Investment Scheme: institutional_investor_disinvestment
Payment for Government Services: government_services

Please note that due to regulatory reasons senders trying to create ZAR::Bank transactions are required to have the following fields on the sender present as well: street, city and postal_code

Note To accept payments in South Africa the recipient has to sign a mandate form online. The link to the form will be sent over the recipient’s mobile phone number and email address, and have to be filled out online. Once the mandate is signed it is valid for one year and the recipient doesn’t need to do these steps again. When sending funds to the same recipient please make sure their name and bank details are the same, otherwise they might be asked to sign the mandate form again.

Warning ZAR::Bank payouts are currently in beta phase.


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