Bank Charge Bearer Codes
The bearer of bank charge costs. It's a payment attribute that you can select while submitting a payment process request.
Here are the values you can select as the bank charge bearer code.
Bank Charge Bearer Code | Description |
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Payee | Payee (one who's receiving the payment) bears all the bank charges. |
Payer | Payer (one who's making the payment) bears all the bank charges. |
Shared | The payer bears the bank charges on the sender's side. Similarly, the payee bears the bank charges on the receiver's side. |
Following Service Level | The rules laid out in the service level agreement or the scheme determine how the bank charges are applied. |
Payee Pays Express Charges | The payee bears the bank charges for express services. |