Non-cash payments are payments that are made by transferring funds through bank accounts without using cash. There are several ways to transfer money by bank transfer in favor of individual entrepreneurs.
Types and advantages of cashless payments
All cash settlements of the company with customers can be carried out either in cash or in the form of a non-cash payment. Cashless payments can be carried out in various ways - using payment orders, bank cards, checks, bills.
In Western practice, payment by checks is quite common, while in Russia the most common payment is by bank transfers, cards and electronic money (for example, Yandex. Money, WebMoney).
Sellers, buyers and banks (or settlement organizations) participate in non-cash settlements. The latter carry out non-cash transactions for a fixed commission.
The advantages of non-cash payments are the flexibility of operations; availability of bank documents confirming payment; reduction of costs associated with the transportation of cash. In addition, payment by bank transfer helps to significantly reduce the time for making payments.
Settlement procedure
Making non-cash payments in favor of individual entrepreneurs do not differ from the procedure for settlements with legal entities. An individual can transfer money through the Internet banking system, or at a bank branch (for example, in Sberbank).
To make a wire transfer, the seller himself can bill you for payment or provide a receipt for making a payment through Sberbank. But you can also compose a payment order for payment through the bank yourself. To do this, you need to know the following details of the individual entrepreneur in whose favor the money is transferred:
- FULL NAME. SP;
- legal address - for individual entrepreneurs this is the place of registration;
- TIN;
- the name of the bank in which the individual entrepreneur has a current account;
- BIC (beneficiary bank number);
- number of the beneficiary's current account and the beneficiary bank's correspondent account.
In the payment purpose field, indicate, for example, "Prepayment of 30% for services under Work Contract No. … dated … 2014 in favor of IE Ivanov I. S." or “Payment for… under the Supply Agreement No.… from…. 2014 in favor of IP Ivanov I. S. ".
If the user has Internet banking, you can pay for any goods and services without leaving your home. Moreover, the list of details that the buyer should know is the same as in the case of payment at a bank branch.
If a user pays for goods in an online store, then a variety of payment methods may be available to him through a special payment system. In this case, the buyer has the opportunity to pay online in various ways - by credit card, electronic money, etc.
In order for an individual entrepreneur to be able to accept non-cash payments, he needs to open his own current account after registration, payments to a personal account for business purposes are prohibited.
In this case, the buyer does not need to know the details of the recipient of the money, it is enough to indicate the data of his own card (name and surname of the card holder, its number, expiration date, code cvv2 or cvc2) or the number of the virtual wallet.
