The international financial exchange involves various methods, which are detailed below:
-Open Account
-Cash in Advance
-L/C
-Mutual trade
-Draft
-A combination of the above methods
The most important domestic bank transfers are Paya and Satna, which we will explain below. Apart from these, there are various types of bank transfers for currency transfers, and PayPal, Western Union, and MoneyGram are among the most important service providers that can be used for currency transfers. In the following, we will discuss two of the most important domestic bank transfers.
Paya is an electronic system that connects all the country's banks. Services such as electronic payment of facility installments, payment of salaries and pensions, and payment of dividends and securities are in practice. Paya receives, processes, and sends payment orders.
Paya offers you two options: Direct deposit or loan: This can be done with the Shaba number, and with the same Shaba number, you can withdraw money from an account and deposit it into the
account of one or more people; The payment of salaries, dividends and, securities, the payment of the price of services and goods, and the payment of installments for the purchase of goods, loans, and bank facilities can be done in this way. Direct withdrawal or BAM: it is possible to withdraw specific amounts at specific times from specific accounts by the bank and deposit it into the account of a specific individual or institution with this feature. Batch withdrawals can be done through this system.