Paying a business using a PayID works the same way as paying to any other PayID.
A unique PayID will be generated for you, typically an email address, that’s
linked to the business or organisation. You’ll start to see PayID being offered as a payment method across many
businesses and organisations. I have seen PayID as a payment method for some businesses online Financial institutions may implement daily limits for bank account payments,
which also includes payments sent to a PayID. Your PayID may be locked and
subject to a security investigation. To receive money, share your PayID with the person paying you.
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Paying a business using a PayID works the same way as paying to any other PayID.
A unique PayID will be generated for you, typically an email address, that’s
linked to the business or organisation. You’ll start to see PayID being offered as a payment method across many
businesses and organisations. I have seen PayID as a payment method for some businesses online Financial institutions may implement daily limits for bank account payments,
which also includes payments sent to a PayID. Your PayID may be locked and
subject to a security investigation. To receive money, share your PayID with the person paying you.
References:
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