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. A with a higher priority incurs higher fees. The priorities available for bank transfers are:
- Regular: recommended for normal, low-value transactions to a recipient in the same location.
- Instant: instant way to transfer funds within the United States and in Single Euro Payments Area (SEPA) locations. Has higher fees than a regular payout.
- Fast: faster than regular but has higher fees. Recommended for high-priority, low-value transactions to a recipient in the same location.
- Wire: fastest way but has the highest fees. Recommended for high-priority, high-value transactions to a recipient in the same location.
- Cross-border: recommended for high-value transactions to a recipient in a different location.
When using cross-border priority, delays and potential fees may occur due to involving correspondent banks. As a result, the beneficiary may receive a reduced amount compared to the one instructed.
- Internal: transfer to an Adyen-issued business account.
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.