With an Adyen business account, your users can:
- Receive business-related payments from third parties. These funds are directly credited in their business account and made available in their balance accounts.
- Make business-related payments by accepting incoming direct debit requests from third parties, for example, to pay for subscriptions. Their business accounts are debited.
Requirements
Ensure that your users have the receiveFromThirdParty capability allowed and enabled.
Supported currencies, locations, and priorities
To specify how fast the funds must be sent, you can set a priority in the request. Each priority level incurs a different fee based on the processing speed and payment network. The available priorities for bank transfers are:
- Regular: Recommended for standard, low-value transactions to a recipient in the same region.
- Instant: Transfers funds instantly within the United States and the Single Euro Payments Area (SEPA).
- Fast: Processes faster than Regular and incurs higher fees. Suitable for high-priority, low-value transfers in the same region.
- Wire: The fastest option, with the highest fees. Recommended for high-priority, high-value transfers in the same region.
- Cross-border: Recommended for high-value transfers to recipients in other regions or countries.
When using Cross-border priority, delays and additional fees may occur due to intermediary banks. As a result, the beneficiary may receive a lower amount than the instructed value.
- Internal: Transfers between Adyen-issued accounts, such as balance accounts or business accounts.
The following tables show the priorities available for each currency and location.
Account information for third parties
The following tabs show the account information that you must share with third parties so you can receive funds from them.
Receiving funds
An external party (sender) can send funds to your user's Adyen business account. They must use the business account number which was returned in the API response when you created the business account.
Your users must have the receiveFromThirdParty capability allowed and enabled before they can receive funds on their Adyen business account from external parties.
When a business account receives funds from an external party, Adyen informs your server through incoming bank transfer webhooks.
Receiving direct debit requests
An external party can collect payments from your user's Adyen business account through direct debit. We currently support external direct debits in the Single Euro Payments Area (SEPA). SEPA is the standardized infrastructure for bank-to-bank transactions within the European Union.
If your user wants to accept incoming SEPA direct debit requests on their Adyen business account, you need to:
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Inform your user of their rights:
- They have eight weeks to dispute a SEPA direct debit transaction, without providing a reason.
- They have thirteen months to dispute an unauthorised or incorrect SEPA direct debit transaction when they provide evidence.
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Ask your Adyen contact to enable receiving SEPA direct debits for your user.