payment recipient vs payee details

Both 'payment recipient' and 'payee details' are correct phrases, but they are used in different contexts. 'Payment recipient' refers to the person or entity receiving the payment, while 'payee details' refers to the specific information about the recipient needed for the payment. They are not directly comparable as they serve different purposes.

Last updated: April 14, 2024 • 84 views

payment recipient

This phrase is correct and commonly used in English to refer to the person or entity receiving the payment.

It is used to identify the individual or organization that is being paid.

Examples:

Please provide the payment recipient's bank details.
The payment recipient must sign the invoice.
The payment recipient is responsible for confirming the transaction.
The payment recipient should check the accuracy of the payment.
The payment recipient's address is required for the transfer.

Show examples from the web [+]

Jan 22, 2020 ... A payment recipient may include any seller in the reportable policy sale (any person that holds an interest in a life insurance contract and ...
Jun 25, 1998 ... Any payment recipient who does not have an account at a financial institution will receive an automatic waiver from the EFT requirement ...
(1) In the absence of any statutory beneficiaries, designated beneficiaries are the natural persons, charitable organizations, estate of the payment recipient ...
To ensure transparency, HHS will publish the names of payment recipients and the amounts accepted and attested to by the payment recipient. (Added 5/20/2020) ...

Alternatives:

recipient of the payment
payee
beneficiary
receiver of the payment
recipient

payee details

This phrase is correct and commonly used in English to refer to the specific information about the recipient needed for the payment.

It is used to describe the details or information required to identify the recipient of a payment.

Examples:

Please provide the payee details for the wire transfer.
The payee details include the account number and name.
Make sure the payee details are accurate before processing the payment.
The payee details are necessary for the transaction to be completed.
Verify the payee details to avoid any payment errors.

Show examples from the web [+]

The advantage of creating payee is, it saves the time and effort of re-keying in the payee details, every time a payment is to be made. Once a Payee is ...
Access your payee list and change payee details easily with Citi Online. Select Payments and Transfers from your My Citi dashboard. On the following page, ...
Follow the simple instructions given to access your payee list and change payee details easily with Citi Online. Click here to learn more about ...
... the customer know if the payee details they've entered all match up, so they can have extra confidence their money is going to the right person.

Alternatives:

recipient information
beneficiary details
receiver details
payment recipient information
payee information

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