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Payins

Payins enable clients and businesses to collect and fund Nium wallets seamlessly through various payment methods, such as bank transfers, cards, digital wallets, and virtual account numbers (VANs). Whether you are collecting payments from customers or funding your own accounts, payins serves as the bridge to move money into your Nium wallet efficiently and securely.

Specifically, payins refers to the process of receiving and funding money into your Nium wallet. Payins supports two primary capabilities:

  • Monetary collections: Collect funds from third parties (e.g., business customers or payers) into your wallet.
    • E.G. A software-as-a-service (SaaS) company collects subscription payments from customers around the world.
  • Wallet funding: Add money to your Nium wallet directly from your own bank account or payment methods.
    • E.G. A corporate client funds their Nium wallet to process payroll or vendor payouts.

Payins supports multiple funding channels and payment flows to suit your business needs. With Payins, you can:

  • Streamline collecting funds: Automate the process of collecting funds from customers or third-party sources (e.g., customers, suppliers).
  • Simplify wallet funding: Use multiple funding channels (like bank transfers, prefunding, or card transactions) for flexibility and reliability.
  • Improve cash flow management: Enable real-time or scheduled transfers through virtual account numbers (VANs) or direct debit.

Key Features​

Key features of payins include:

Fund wallet​

The Fund Wallet request lets you add money to your Nium wallet. You can use various funding sources, including:

  • Prefunding: Transfer funds upfront for immediate use.
  • Bank transfer: Fund wallets directly from a bank account.
  • Card transactions: Use debit or credit cards to add funds.
  • Direct Debit: Automate recurring transfers from a bank account.

Each funding channel is flexible and secure, allowing businesses to maintain control over their cash flow. For more information, see Fund Wallet.

Program, Client, and Prefund Accounts​

To help you easily manage funds, Nium organizes funding under structured entities:

  • Programs: Logical groupings of clients, defined by geographic region or bank configurations.
  • Clients: Businesses onboarded onto the Nium platform to issue wallets and cards for their customers.
  • Client Prefund: Add balance to a central account for wallet funding.

For more information, see Program, Client, and Prefund Accounts.

Virtual Account Numbers (VANs)​

A Virtual Account Number (VAN) is a unique, reusable account number that facilitates bank transfers. VANs enable you or your customers to:

  • Collect funds from third-party sources (e.g., customer payments).
  • Add funds to wallets via seamless bank transfers.

For details on VAN setup and supported banks, see Virtual Account Numbers.

Direct Debit​

Direct Debit enables clients to automate funding from a customer’s bank account into their Nium wallet. This is ideal for recurring payments, such as payroll or subscription collections.

Direct Debit is currently supported in multiple regions, including:

  • AU
  • EU
  • SG
  • UK
  • US

For more information, see Direct Debit.