How does it work?
Questions and answers
Your customer may pay for the goods or services purchased from you using the split payment mechanism. Under this mechanism part of the payment made by your customer – namely, the VAT amount – is deposited into your special VAT account with your bank. Funds from this account may be used only in a limited extent (e.g. to pay VAT under other invoices, to remit the due VAT to the Revenue Office). Settlements under the split payment mechanism apply solely to transactions between entrepreneurs (B2B), only in PLN, where payment is made after the invoice was issued.
To make a split payment, your customer:
- logs into his bank,
- selects the split payment mechanism,
- states the information required by the bank, namely NIP of the seller, number of invoice to which the payment applies, the gross amount and the VAT amount,
- enters the account number printed on the invoice.
The Pay-by-link service consists of full integration of the payment process with the banking system. During finalisation of the purchase, all transfer data is filled in automatically and editing is blocked. Thanks to this, the buyer does not have to enter the data manually and mistakes are impossible. Payment via this channel is realised in as little as a dozen seconds. On the other hand, in case of the traditional transfer, the buyer fills in the form and orders the payment to the account indicated by PayU during the payment for the order.
The payment should be received on your account on the next working day.
You will find the traditional transfer option under the icon with the title ‘Bank transfer’.