Disbursement

Disbursement is a service that a Merchant (individual or organization) authorizes a payment service provider (NeoX) to perform to pay the amounts required by the merchant. These payment authorizations are clearly stated in specific documents.

Disbursement helps individuals and organizations reduce costs for their business activities. This service helps reduce the risks of storing and transporting money, saving time and making it easy to track receipts.

Partner can pay from his/her own checking account to partner's or supplier's bank account through NeoPay's payment service