Collections or collecting funds is the recovery of cash from a business or individual with which you have issued an invoice. Collections in this context are the opposite of payouts. As a registered merchant on Fincra, you can receive payments from your customers or partners, from all over the world, using any of our available collection options such as NIBSS, SEPA, SEPA Instant SWIFT, FASTER, CHAPS and more.
Fincra supports the following currencies below for collection and allows you to specify the payment destination you prefer your payments to be settled in.
- British Pound (GBP) 🇬🇧
- Euro (EUR) 🇪🇺
- United States Dollar (USD) 🇺🇸
- Nigerian Naira (NGN) 🇳🇬