https://www.finder.

com/remittance-address

What is a remittance address?

A remittance address is a specific postal address that businesses use, which is different from
their main mailing address, to receive payments and invoices by mail.

When you need to make payments to a company, you may be given a remittance address.
Remittance addresses may be called many things, including a remit address, a remit to
address or even simply a billing address.

Why do businesses use remittance addresses?

When a business accepts a large number of payments and invoices, they typically go to a
specific department. In order to help keep everything organized, businesses use remittance
addresses to accept these payments and invoices so that they don’t get mixed in with all the
other mail. Having payments and invoices go to a remittance address helps with the
following:

 Processing payments faster

 Making payments faster when the company receives an invoice

 Making sure that no payments or invoices get lost when being delivered between
departments.

I own a business, should I have a remittance address?

If you operate a business that receives a lot of invoices and payments, you may want to
consider creating a separate remit address to keep everything organized. You can often add
a remittance address to your business by using a PO Box through the USPS. Be aware that if
you decide to receive payments and invoices through a remittance address, you’ll need to
do the following:

 Change existing billing forms, websites, business cards and the like to reflect this
billing address change.
 Maintain that receiving address and check it often.
 Be patient with your customers while they make the transition from your old address
to your new remittance address.

Topic
Remittance Address
Swift Code
Iban
ACH Vs WIRE
https://www.finder.com/remittance-address