Understanding Push and Pull Payment Methods

What is Push Payment?

Businesses withdraw money from customer's account with consent, ensuring efficient and consistent payment collection

Customers send money to a company when asked, often for one-time, larger payments like bills, bank transfers or invoices

What is Pull

Push Payments offer more control and security to the sender. It is very common for one-time payments

Why Push
Payments are used?

Pull Payments are more convenient for recurring payments like subscriptions or bills. Although it may raise concerns about unauthorized withdrawals

Why Pull
Payments are used?

Push payment method offers control for one-time transactions while pull payment method provides convenience for recurring payments

Choose the method that suits your specific transaction needs

Final thoughts

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