Product: TC.Net
Article link: http://help.truecommerce.com/en/articles/11789764-understanding-truecommerce-remittance-or-bank-details-pdf
This article addresses inquiries regarding TrueCommerce remittance or bank details, highlighting the payment options available with TrueCommerce.
What is a Remittance?
Remittance refers to the method of transferring money, either domestically or internationally. It is often used to purchase goods, pay for services, or settle bills. Within TrueCommerce remittance process, customers can choose from the following methods for making payments:
Pay by Check
Pay by Wire Transfer
Pay by ACH (Automated Clearing House)
Read on for an understanding of currently utilized payment options.
Pay by Check
Paying by check means making a payment using a written “order to pay” (check) from your bank account to another individual or entity. It instructs your bank to transfer a specific amount of money from your account to the designated recipient.
If you are sending payment via overnight mail, be sure to send it to the TrueCommerce, Inc., address. Details for this method are outlined in the TrueCommerce Remittance PDF.
Pay by Wire Transfer
Wire transfers involve electronically transferring money from your bank account to TrueCommerce's bank account (Wells Fargo Bank) via the SWIFT network. Wire transfers are individual requests and typically incur fees.
To pay by wire transfer, you need the following information from TrueCommerce:
Beneficiary
ABA/Routing Number
Account Number
SWIFT Code
Bank Name
Location
These details can be found in the TrueCommerce Remittance PDF.
Pay by ACH
Paying by ACH means making an electronic payment using the Automated Clearing House network, a centralized network in the United States that facilitates money transfers between banks and credit unions. ACH transfers are processed in batches, such as payroll payments, and are typically free to customers or have minimal fees.
To pay by ACH, you need the following information from TrueCommerce:
Beneficiary
ABA/Routing Number
Account Number
Bank Name
Location
These details are provided in the TrueCommerce Remittance PDF.
Which Option is Best for You?
Choosing between Check, Wire Transfer, and ACH depends on your personal or business needs. Each method offers unique advantages:
Checks can be slower due to reliance on postal services.
Wire Transfers provide speed but may incur fees.
ACH transfers are batch processed and can often be cost-effective for recurring payments.
Why Request the TrueCommerce Remittance PDF?
The TrueCommerce Remittance PDF contains essential details regarding payment options within TrueCommerce. Here are some reasons that you might need to request it:
Avoid Delays: Use wire transfers and ACH for faster transactions compared to traditional checks.
Reduce Errors: Electronic remittance minimizes the risk of human error associated with manual processes, like check writing and data entry.
Maintain Accurate Records: Remittance statements serve as digital records of transactions. This can simplify bookkeeping and facilitate audits.
Enhance Security: Electronic payments can offer enhanced security compared to paper checks, such as encryption and secure access protocols. This can help protect sensitive financial information and mitigate fraud risks.
How to Request a TrueCommerce Remittance PDF
Detailed information about payment methods available within TrueCommerce is provided in the Remittance PDF document. You can request it from [email protected]. Once you receive the PDF, consider printing a copy for easy reference.
When making a payment, it is essential to send a remittance statement including payment date, amount paid, and invoice numbers with each payment to [email protected]. This document serves as proof of payment and assists both the sender and recipient in monitoring transactions.
rev. 7/17/2025