Payment methods coverage - UK & EU

Tipalti offers a range of payment methods to ensure your payees are paid fully and on time. The information covered in this article is relevant for payers located in the UK (United Kingdom) or EU (European Union) but not those in the United States (US) and in the rest of the world (ROW).

The date payment instructions are executed depends on the following:

Payment instructions delivered to Tipalti by 10:30 a.m. UTC on a banking business day are executed that same day.
Payment instructions delivered to Tipalti after 10:30 a.m. UTC on a banking business day will be executed on the next banking business day.
Banking business days are typically Monday through Friday, but banking holidays in the US and UK may affect the value date assigned by the bank.

The most common payment methods for the UK are:

Wire transfer: Wire domestic (GBP) + International Wire (T+1 to T+3)
Local bank transfer: GBP (BACs) (T+2)
Local bank transfer outside UK: Global ACH/Local Bank Transfer (T+1 to T+3)
PayPal MT - only from USD VA account (T+1)

Funding currencies

Deposits can be funded in the UK and held in the following currencies:

For GBP accounts, payers can deposit using Faster Payments and wires. Please allow 1 business day (T+1) for the deposit to clear.

Tipalti processes and validates the payment before clearing it.

For all currency accounts, payers can deposit only through wire transfer.
You need to include the relevant references with your funding instructions.

Faster Payments is limited to £250,000 by the Faster Payments scheme.

Supported payment methods

The table below lists supported payment methods for each country on the Tipalti Solution when the funding currencies are AUD, GBP, CAD, DKK, EUR, JPY, NOK, PLN, SGD, SEK, CHF, USD.

If other currencies are needed, please reach out to our Support Team.

¹ Wire transfers are only supported from USD Virtual Account.

^2a Wire transfers to Pakistan from Israeli-based entities are supported, but may see a high rejection rate from the payee's bank.

^2b Global ACH / Local bank transfers to Pakistan are not available for Israeli-based entities.

³ To prevent your payment from being rejected, do not use decimals when you submit it.

⁴ Payments to India are not available for India-based entities.

⁵ Payments to Turkey are not available for Cyprus-based entities.

⁶ Supported only from USD, CAD, EUR and GBP virtual accounts.

⁷ Supported from USD, GBP, CAD, EUR, AUD, and MXN virtual accounts.
Payments to Banco Azteca (Bank Code: 127) and BanCoppel (Bank Code: 137) are currently not supported.

The date payment instructions are executed depends on the following:

Payment instructions delivered to Tipalti by 15:00 (CET) on a banking business day are executed that same day.
Payment instructions delivered to Tipalti after 15:00 (CET) on a banking business day will be executed on the next banking business day.
Banking business days are typically Monday through Friday, but banking holidays in the European banks may affect the value date assigned by the bank.

The most common payment methods for the EU are:

Wire transfer: Wire domestic (EUR) + International Wire (T+1 to T+3)
Local bank transfer: SEPA (EUR) (T+1)
Local bank transfer outside the EU: Global ACH/Local Bank Transfer (T+1 to T+3)
PayPal MT - only from the USD VA account (T+1 to T+2)

Local funding

Deposits can be funded in the EU and held in the following currencies:

For EUR accounts, a payer can deposit using SEPA instant and wire. Please allow 1 business day (T+1) for the deposit to clear.

Tipalti processes and validates the payment before clearing it.

For all currency accounts, payers can deposit only through wire transfer.
You need to include the relevant references with your funding instructions.

Supported payment methods

The table below lists supported payment methods for each country on the Tipalti Solution when the funding currencies are AUD, GBP, CAD, CZK, DKK, EUR, HUF, JPY, NOK, PLN, SEK, CHF, and USD. If other currencies are needed, please reach out to our Support team.