Payment Types

The following describes the various types of payments possible:

Inbound Payments

CategoryTypePayment SchemeExample Usage
UK PaymentsPI_FASTFaster PaymentsInbound GBP Payments from External Accounts
PI_BACSBacsInbound GBP Payments from External Accounts
PI_CHAPSCHAPSInbound GBP Payments from External Accounts
PI_DDDirect DebitInbound GBP Direct Debit Collections
EU PaymentsPI_SECTSEPA Credit TransfersInbound EUR Payments from External Accounts
PI_SEPA_INSTSEPA Instant Credit TransfersInbound EUR Payments from External Accounts
Card PaymentsPI_MASTERMastercardCard Refunds
PI_VISAVISACard Refunds

Outbound Payments

CategoryTypePayment SchemeExample Usage
UK PaymentsPO_FASTFaster PaymentsOutbound GBP Payments to External Accounts
PO_CHAPSCHAPSOutbound GBP Payments to External Accounts
PO_DDDirect DebitOutbound GBP Payments via Direct Debit
EU PaymentsPO_SECTSEPA Credit TransfersOutbound EUR Payments to External Accounts
PO_SEPA_INSTSEPA Instant Credit TransfersOutbound EUR Payments to External Accounts
Card PaymentsPO_MASTERMastercardCard Settlements
PO_VISAVISACard Settlements

Other Payments

CategoryTypePayment SchemeExample Usage
Other TypesINT_INTERCN/APayments between Accounts on the Modulr Platform
ADHOCN/AMiscellaneous Adjustments
PI_REVVariousReturn of Previously Received Inbound Payments
PO_REVVariousReturn of Previously Sent Outbound Payments