Cashless payment is one of the most convenient payment options; This is their high speed and the almost complete absence of regulatory restrictions in making payments.

Therefore, many companies choose non-cash payments for their purposes, minimizing cash handling.

Moreover, payments through credit organizations are a cheaper option compared to payments through banknotes and coins.

What is non-cash payment?

First of all, this payment format is available to everyone - legal entities, entrepreneurs and ordinary citizens. Non-cash payments are made only through banking and other credit structures that are authorized to carry out banking operations.

In general, non-cash payments are settlements that are realized through the movement of funds through accounts belonging to participants in such settlements.

In fact, funds are debited and credited electronically. At the end of the working day, the account owner is provided with an account statement, which reflects the balance at the beginning and end of the day, as well as all incoming and outgoing transactions. This allows you to control cash flows.

Non-cash payments are regulated in the Russian Federation two main regulations:

• The Civil Code of the Russian Federation - its Chapter 46 “Calculations” sets out the basic provisions on all permitted forms of non-cash circulation;
• Regulations on the rules for transferring funds No. 383-P, which was approved on June 19, 2012. Bank of Russia. This document provides a more detailed description of non-cash forms of payment, as well as requirements for payment documents. This Regulation does not contradict the norms of civil law.

In addition, there is another regulatory act that was approved by the Bank of Russia - the Regulation on the issuance of payment cards dated December 24, 2004. No. 266-P. This document reveals the procedure for acquiring – payments using payment cards for goods and services. Acquiring is a unique form of non-cash payments, which is available primarily to ordinary citizens.

On the basis of these three documents, non-cash circulation is organized and controlled, which is increasingly replacing cash circulation. And there are reasons for this:

• settlements through bank accounts rarely depend on the time of the transaction (i.e., time of day) and geography;
• non-cash payments are much cheaper to service than cash payments;
• in addition, for organizations it is more preferable to make payments through, since such payments have much fewer requirements for registration, organization and accounting than for cash transactions. Therefore, many start-up companies, in order to save money and protect themselves from fines for errors in compliance and in application or non-use, are switching to non-cash payments. Large, experienced companies are also striving for this.

As for ordinary citizens, for them, non-cash payments are convenient, since it is enough to have a payment card to make a payment, and beneficial, because when paying with a card, fees for settlement services are often not charged.

But the state also benefits from the growth of non-cash payments; in particular, the circulation of the money supply is controlled, and a decrease in the amount of cash in circulation reduces the level of inflation.

Kinds. Their advantages and disadvantages

In legal nature there is several forms, in which non-cash payments are carried out.

Molds and tools

In accordance with Bank of the Russian Federation Regulation No. 383-P, these forms include:

• Settlements using a payment order. In this case, a document is drawn up that contains an instruction to the bank, at the expense of the payer’s funds, to transfer the amount specified in the payment document. The transfer is carried out within the time frame and to the person specified in the order. This translation option is considered one of the simplest and most traditional. Valid for 10 days, which does not include the day the document was drawn up. This payment format is available even to an ordinary citizen who does not have a current account. The inconvenience of settlements through payment orders is that if an error is made in the document during execution, it can cause a significant delay in payment or its sending to the wrong recipient of funds;
• Payments via letter of credit. In fact, this is a special account that is used only for settlements on transactions that require the intermediation of the bank. In other words, a letter of credit is an order from the payer to the bank to transfer funds to the recipient only if the latter complies with special conditions, for example, delivery of goods, provision of documents and other conditions. The effect of a letter of credit can be described in simple terms as follows: the buyer opens a letter of credit in his bank and transfers there the cost of his purchase, but the supplier will be able to receive these funds subject to the delivery of the goods and the transfer of accompanying documents to the bank where the letter of credit was opened. And then the bank transfers funds. The convenience of this form of payment lies in the security of the transaction. But the disadvantage of a letter of credit is its high cost, its isolation from the bank account agreement (the letter of credit is opened separately), the participation of several parties in the transfer of funds: the buyer and the supplier, the issuing bank (it opens the letter of credit) and the executing bank (it executes the letter of credit) . By the way, often one bank can be both the executor and the issuer;
• Settlements through collection orders or collection. Their specificity is that such calculations are possible only if the claimant (recipient) has the rights to make claims against the debtor’s (payer) account. These rights may be provided for by law or by an agreement concluded between the account holder (debtor) and the bank. Collection is inherently demanding in nature. Those. In order to collect the required amount, the recipient of the funds must provide the bank holding the payer's account with the necessary information about the debtor and his obligation. Also, the collection order is not inherently of a notification nature. The debtor often finds out about the write-off only after the money has been withdrawn from him. And this can make it difficult for the debtor to carry out other banking operations due to a lack of funds in the account;
• Payments through checkbooks. This option can be conditionally called cash-non-cash, since it involves debiting funds from the drawer’s account to the check holder’s account or issuing cash to him. Moreover, settlement of checks is carried out only on the condition that the drawer has a sufficient amount of money in his account and after confirming the identity of the bearer of the check and the authenticity of the check itself;
• Payments in the form of direct debit. In this case, the transfer of money is made at the request of the recipient. To perform this transfer, the operator who will perform the settlement operation must have an agreement with the payer and his acceptance (consent) to carry out such an operation. Such calculations are carried out within the framework of the national payment system of Russia and in the presence of a payment card. The cardholder's acceptance of the debiting of funds from the card must be enshrined in an agreement or other document that supplements the agreement;
• Payments in the form of electronic money transfer. As part of this type of non-cash payments, an individual (citizen) provides the operator with funds for conducting transactions, both from his personal bank account or without it, and from the accounts of organizations and entrepreneurs that provide funds in favor of this citizen. But this is only possible if the agreement between the individual and the operator provides for such a right. As for entrepreneurs and organizations, they can only use funds from their bank accounts.
  The last two types of non-cash payments are regulated by the law “On the National Payment System” dated June 27, 2011. No. 161-FZ.

The advantages of non-cash payments are described in the following video:

If you have not yet registered an organization, then easiest way This can be done using online services that will help you generate all the necessary documents for free: If you already have an organization and you are thinking about how to simplify and automate accounting and reporting, then the following online services will come to the rescue and will completely replace an accountant at your enterprise and will save a lot of money and time. All reporting is generated automatically, signed electronically and sent automatically online. It is ideal for individual entrepreneurs or LLCs on the simplified tax system, UTII, PSN, TS, OSNO.
Everything happens in a few clicks, without queues and stress. Try it and you will be surprised how easy it has become!

Principles of non-cash payments

Cashless payment system based on the following principles:

Based on these principles, not only the construction of a non-cash payment system is carried out, but also their implementation.

Order of conduct

Any non-cash payments are carried out only if you have an account opened under a bank account agreement. However, the current legislation of the Russian Federation provides for the possibility of conducting non-cash transactions without the payer opening a current account. But this is only possible when making payments by ordinary citizens whose transfers of funds are not related to business activities.

To conduct non-cash payments, an account can be opened either in a bank or in another credit institution that has a license from the Bank of Russia to carry out such operations.

To make non-cash transfers payers can open:

All these accounts can be opened in rubles and in foreign currencies.

Accounting Rules

To record non-cash transactions, organizations use account 51 “Current accounts”, where analytics are built for each current account opened by the organization. All transactions are reflected on the basis, for example, on the basis of payment orders, collection orders, etc. And to reflect transactions on special accounts, organizations use account 55 “Special bank accounts” with analytics on letters of credit, deposits, check books, and other similar forms of non-cash payments.

Entrepreneurs do not use it, but they record income and expense transactions on a bank account in their books of income and expenses. And based on the register data, calculations are carried out. They also use payment orders or collection orders, memorial orders, etc. as confirmation of non-cash transactions.

As for ordinary citizens, they can receive statements from their accounts to control their funds.

Responsibility for violation of settlement relations

Punishment for such violations is provided for in Chapter 15 of the Code of Administrative Offenses of the Russian Federation. Moreover, both account holders and credit institutions are punished.

For example:

• payment agents may be charged from 40 to 50 thousand rubles in case of violation of work with a special account;
• if the bank violated the deadline for transferring funds to the budget from the taxpayer’s account, then up to 5 thousand rubles will be collected from the bank official.

The history of occurrence and basic principles of these types of calculations are described in the following video lecture:

Wire transfers are a type of payment that is made without the use of real paper bills, i.e. transfer occurs via the Internet or mobile devices. In most cases, this method turns out to be much more convenient than cash transfer, and it also carries a much lower commission.

It is most convenient to apply for such a service to that bank , where you are a payroll client or simply have a current account with a debit card linked to it. Absolutely all banking organizations provide their clients with the opportunity to make transfers from account to account, as well as from card to card.

Transfer through Sberbank

Let's take the example of Sberbank of Russia: people who have an account here can use 4 ways to send money at once, read their description below.

1. Through bank branches - they are in every locality, so the process of sending and receiving money will be as convenient as possible. There are no limitations or limits on the amount; the maximum transfer period is up to 2 working days. It can be carried out in Russian or foreign currency (US dollars, euros), the commission will be 1.5% of the amount (from 30 to 1000 rubles) or 0.7% (up to 100 US dollars), respectively. You can top up any account or card of the MasterCard system, for more details - ;
2. Through ATMs and terminals - you can top up your account only with Sberbank cards. The commission will be 1% of the transfer amount, details - ;
3. Through the Sberbank Online system - here you can transfer money to the account of any bank. The commission will also be 1% of the amount, maximum 1000 rubles, or 0.5%, maximum 50 US dollars, if the transfer is made in foreign currency. More details in this article;
4. Via SMS using the Mobile Bank service, you can transfer money to any Sberbank card, the commission will be 1% of the amount (maximum 1000 rubles).

Online banking

Almost all banking companies that work with individuals and legal entities offer this service. All you need is to contact the bank where you opened your account or card and find out how you can become a user of this service.

As a rule, you need to go through a simple registration at the branch itself or on the bank’s official website to receive a login and password. They serve to access your Personal Account.

Once you have the required data, you need to:

• Visit the official website of the company where you were issued the card,
• Find the online banking icon, click on it and log in,
• Once in your Personal Account, find the “Payments” section,
• Next, look for the tab “Transfer to another individual” or “Transfer to a client of another bank”,
• Enter the details of the recipient's account or card, the required amount and the account to be debited,
• Confirm the transaction and, just in case, keep the receipt.

Please note that if the transfer is carried out between clients of the same company, then no commission is charged. But if you are clients of different banks, then you will be charged an additional fee (usually within 100 rubles).

If you are making a transfer from a Sberbank card to another person’s Sberbank card, then you need to remember that the region where the account is opened is important. If they were both issued in the same region, there will be no commission, but if in different regions, then the sender will pay an additional fee.

Third party online services

You can use the card-to-card transfer service of any banking organization provided by the Yandex.Money system. To do this you:

• log into the Yandex system,
• select the “Transfer from card to card” tab or simply follow the link money.yandex.ru/transfer,
• indicate that the transfer must be made from a bank card, enter your details,
• then enter the required recipient details,
• indicate the required amount and make the transfer. In this case, a commission of 1.95% of the amount is charged, but not less than 30 rubles.

A similar non-cash transfer can be made in the Qiwi and WebMoney systems, but here the transfer will take place from your e-wallet account. The recipient can also receive their money to their wallet account or bank account.

gold Crown

Many of our readers are accustomed to working with a specialized organization that deals exclusively with receiving and sending money transfers. This is “Golden Crown”, a well-known company that has its representative offices in many cities of the Russian Federation, as well as in countries near and far abroad.

As a rule, our fellow citizens make transfers here in cash, however, starting in 2017, sending money from a card has become available for Russians. All the advantages remain the same: fast enrollment, the ability to track the status of the transfer online (after registering your Personal Account), low commission from 50 rubles.

What should be done:

• go to koronapay.com
• select “online money transfers”,
• indicate the recipient's country, the transfer amount and which bank issued your card,
• the system will automatically calculate the commission and indicate it below if you want to send a notification to the recipient - this is an additional paid service,
• if the final fee amount suits you, you click the “next” button,
• after that, enter the recipient’s data, then indicate your data,
• Next you need to enter the details of your card and recipient,
• confirm the operation and select how to save the receipt.

Sberbank of Russia offers clients convenient and fast transfers. We will tell you how to top up a card or account without using cash in this article.

Who can make a Sberbank wire transfer

The transfer service is available to owners of a plastic card or Sberbank savings account. When conducting a transaction through the Mobile Bank or Sberbank Online services, it is required that the card (account) owner connect the specified programs.

Types of non-cash transfers in Sberbank

Sberbank clients have access to transfers all over the world by crediting funds:

• From a Sberbank card/account to a Sberbank card/account, transfer to another bank.
• Transfer money through a Sberbank card/account into cash.
• From a personal account of Sberbank to a personal account of a private person abroad.

Transfers through Sberbank are carried out only from debit accounts and cards. It is not possible to send money from a credit card.

Methods for making Sberbank non-cash transfers

• Personal appeal to the operator in .

Transfer through Sberbank: tariffs

There is a commission for making non-cash payments, the amount of which depends on the transfer method.

When transferring to a Sberbank card/account*:

The recipient is in the same city - free of charge (Russian rubles and foreign currency).

Outside one city:

• 1.5% in rubles.
• 0.7% in foreign currency.

When transferring to a card/account of another bank*:

• 2% in rubles.
• 1% in foreign currency.

*When using the Sberbank Online service, the commission is reduced

• 2% in rubles.
• 1% in foreign currency.

1. Use the most convenient and mobile Sberbank transfers using online services.
2. If you need to make transfers on a long trip, make sure to activate remote access services in advance (

The development of technology has an impact on all areas of human life. To a greater extent, these changes are positive, such as non-cash payments - it is convenient, fast and safe. How does this system work? What are its pros and cons? About this and much more in the article.

Right

In the Russian Federation, the non-cash payment system is the sphere of competence of financial and civil law. Cashless payments are regulated by 3 regulations:

• Civil Code of the Russian Federation, where Chapter 46 “Settlements” contains the necessary information about this type of payment.
• Regulations on the rules for transferring funds and Regulations on the issuance of payment cards approved by the Bank of Russia. They discuss the forms, procedures for non-cash payments in the Russian Federation and requirements for payment documents.

Participants

The organization of non-cash payments is designed in such a way that its participants can make payments without spending a lot of time.

According to the above documents, participants in non-cash payments can be:

• individuals;
• legal entities;
• entrepreneurs;
• the shops;
• other institutions.

Participants in non-cash payments after carrying out monetary transactions receive payment documents confirming the fact of the transaction. They contain the following mandatory information:

• account details and BIC of the transfer recipient;
• name of the payer's bank;
• TIN of the account owner from which funds will be debited;
• name and account number of the credit institution.

Concept

Based on the content of the above documents, it can be noted that non-cash payment is a payment that is made without the use of cash through the transfer of money from the payer’s bank account to the recipient’s bank account. This type of payment is available to everyone - individuals and legal entities, entrepreneurs. But the payment process is possible only in banks and credit institutions that have a license to carry out such operations.

Principles

Cashless payment is a system that is based on certain principles. Compliance with them ensures the order and security of non-cash payments. So, the organization of non-cash payments is based on the principle:

• Acceptance, which implies mandatory consent or notification of the account holder for debiting money from the account. Even requests from government agencies are subject to this rule.
• Urgency, which presupposes the presence of a time frame established by the payer within which the funds must be written off. If they are violated, the bank is responsible.
• Freedom of choice, which implies the possibility for participants to choose the form of payment.
• Legality, which implies the mandatory compliance of all operations carried out with current legislation.
• The principle of liquidity, which implies maintaining the necessary amount in the account for uninterrupted payments.
• Control, which implies the need to monitor the correctness of transactions and compliance with established provisions on the procedure for non-cash payments.
• Liability, which implies the presence of material or non-material liability for non-compliance with the terms of the agreement between the parties to the transaction.

Forms

Forms of non-cash payments are transfers or payments through:

• payment request and order;
• direct debit;
• electronic money;
• letter of credit settlement;
• check books;
• collection.

A payment request is a requirement of the recipient of funds (creditor) to pay a certain amount through the bank for goods delivered, work performed or services rendered.

Direct debit is a debit of funds from the payer's account in favor of the recipient of the funds (creditor), provided that the payer has provided the bank with a payment order, which contains information about to whom, when and in what amount the funds need to be paid.

Electronic money is a virtual replacement for cash that can be used to pay through an electronic wallet if you have access to the Internet.

Letter of credit settlement is a settlement under a letter of credit (instruction) of the payer, which specifies the amount and terms of payment for the recipient of funds.

A checkbook is a brochure consisting of 25 or 50 sheets - checks, each of which contains information about the payer - the holder of the book. One sheet, signed by the payer, allows you to receive the amount indicated on it to the account of the recipient of the funds.

Collection is a bank service by which it undertakes to transfer a payment from the payer’s account to the recipient’s account without the participation of the latter, but with the presence of an order and other necessary documents.

Kinds

Cashless payment is a type of payment that has practically no boundaries and time, since in this way you can pay for goods and services in one country, but be in another, not to mention the city. Based on this fact, all types of non-cash payments can be:

• Non-commodity, which includes payment for utilities, tuition at an educational institution, consultations and treatment in a medical institution and other similar services.
• Commodity, which includes payment for things intended for exchange for money or other products and services: raw materials, materials, finished products.
• Interstate, which includes settlements between the payer and the recipient of funds whose correspondent accounts are located in different countries.
• Intra-republican, which include settlements between the payer and the recipient of funds whose accounts are located in the same federal district.
• Guaranteed, in which the payment amount is reserved in the payer’s account and transferred to the recipient of the funds after he fulfills his obligations to the payer.
• Non-guaranteed, which includes payments that are not documented.
• Instant, which includes payment made at the time of purchasing a product or receiving a service.
• Deferred, in which payment for goods or services is made after the time specified in the contract, and not immediately. This form of payment includes a loan, installment plan, or mortgage.

Methods

Payment methods for non-cash payments can be contact and contactless:

• payments by bank cards via POS terminal;
• payments using NFS technologies using a smartphone;
• transfer of funds from a card using PayPass and Pay Wave technologies;
• services provided by Internet banking;
• payment via card details using Internet access;
• transferring money through online wallets using terminals.

Payment

Non-cash payment is a transfer of funds from one correspondent account to another, which reflects information about the sender, recipient, transfer amount and name of the product or service. If the seller does not fulfill his obligations to the buyer, the amount will be returned to the client minus the banking system commission.

According to legal documents, payment by bank transfer is based on the following principles:

• all transactions must be carried out on the basis of an agreement between the bank and the owner of the correspondent account;
• payment is transferred from one correspondent account to another only if there is a sufficient amount for payment;
• transactions are carried out on a first-come, first-served basis;
• participants of non-cash payments have the right to choose any of the available forms of non-cash payments, regardless of their field of activity;
• Non-cash payment participants have the right to dispose of available funds at their own discretion.

Refund

A product or service purchased by bank transfer may be of poor quality. In this case, the client has the right to return the money spent. To confirm the purchase or purchase of a service, the client must provide a receipt, passport (or other identification document) and a warranty card to the store or organization. If the service or purchase was made online, the client sends scanned documents via mail to the company’s warehouse address. The seller either exchanges the product for the one the buyer needs, or returns the money to his bank account.

But the client is not always right, since the seller of the product or service has the right to refuse to return the money spent. Such cases include:

• the product is food and is of good quality;
• the product is a non-replaceable product and cannot be returned;
• documents on the transfer of money to the seller’s account are lost;
• The product has been used and has lost its presentation.

Advantages

Cashless payments are an already proven payment method that has earned the trust of users due to its undeniable advantages. These include:

• a flexible system allows you to make both one and several transactions in the form of a “chain” with the possibility of additional payment;
• there is no need for a cash register and, therefore, you can save on its maintenance;
• provability of non-cash payments, since you can obtain the necessary bank documents if necessary;
• funds can be stored in bank accounts for an unlimited time;
• security, since there is no possibility of fraudulent activities using counterfeit money;
• reduced distribution costs;
• the need to transfer cash to the bank within three days after it arrives at the cash desk saves time, since there is no need for additional transactions with the bank.

Flaws

Despite the large number of advantages of non-cash payment, this method of payment for services also has a number of disadvantages:

• the banking system, like any other, is not immune to operational interruptions, which can lead to problems when transferring money or withdrawing it from an account;
• Constant interaction with the bank leads to additional and, possibly, mandatory payments.

This method of payment may be unprofitable for beginning entrepreneurs, since it assumes the presence of a regular cash flow to pay salaries to employees and pay for bank services.

The global financial system is constantly improving. The main priority of banks and legal entities is the security and speed of transactions. Because of this trend, non-cash funds have become very popular. What is a non-cash payment and what are the methods for making it?

What is cashless payment

The presented payment format is implemented by money transfers through bank accounts without the use of paper currency and coins. It can be used by legal entities, individuals and entrepreneurs. The concept of non-cash payments implies the use of payment cards, bills and checks to carry out transactions. The transfer of payments occurs between the parties to the property relationship or with the help of an additional entity represented by a credit institution.

Essence

Organizing financial transactions using this type of payment is beneficial to banks and the state, because allows you to avoid a sharp increase in treatment delays. The essence of non-cash payments is the implementation of payments by transferring currency to accounts intended to replace cash. By using a non-cash form of payment at an enterprise, you can get rid of cash registers and comply with the rules for their use.

Advantages and disadvantages

The main advantage of this payment method is its flexibility. Non-cash money can be stored in special accounts for an unlimited time. Bank documents can be connected to the transaction at any time. They establish and confirm the fact of the transaction. Enterprises that use non-cash payments are freed from the need to constantly transfer money to the bank.

The main disadvantage of the method is its dependence on the bank. A non-cash transfer cannot be carried out if the holder of the funds has problems with their turnover. Owners of regular and special accounts will have to pay the bank a commission for transactions performed. The pros and cons of non-cash payments compensate each other, making this payment method the most convenient in the realities of our time.

Forms of non-cash payments

The characteristics, structure, and meaning of payment transactions are determined by their type. Depending on the variety, they can be used by enterprises and individuals. In the Russian financial system, the following forms of non-cash payments are distinguished:

• transfers using payment requests and orders;
• letter of credit payments;
• payments through check books;
• collection settlements;
• payments by electronic money transfer;
• money transfers by direct debit.

Types of non-cash payments

Payments of this type are classified according to various criteria. Depending on the economic nature, remittances are needed to pay for non-commodity transactions and to purchase goods or services. Payments can be intra-republican and interstate. Funds transferred within the state are divided depending on the region and locality. The following types of non-cash payments are also distinguished:

• guaranteed, in which the collateral is the funds reserved in the budget account;
• non-guaranteed;
• transfers with instant debiting of funds from the account;
• payments with deferred transfer of money.

Methods

Payment documents represent legally formalized demands, instructions and orders for the transfer of funds for the receipt of goods, services, and works. They can be implemented in the form of collection orders, bank transfers, letters of credit. Depending on the type of payment document, contact and contactless methods of non-cash payments are distinguished. These include:

• payments using a bank card through POS terminals;
• transferring money from cards using Pay Wave/PayPass technology;
• payments using card details, often used to pay for services via the Internet and purchase goods in stores;
• sending money through online wallet systems (QIWI, WebMoney, Skrill, etc.), where special terminals or transfers from bank cards are used to top up the balance;
• Internet banking services offered to users of Sberbank and other financial organizations;
• payments using NFS technology via smartphone.

Cashless payment system

It is based on bank accounts with settlement documents. The non-cash payment system must work as quickly as possible in order to quickly execute payment orders, open accounts for new clients, and maintain a continuous flow of funds. If economic authorities come to an agreement, then payments can be made bypassing the bank.

Principles of organization

The presented payment method is one of the important tools for the development of the country's market economy. It is voluntary in nature, allowing you to transfer and receive wages, savings from deposits and other income without visiting financial institutions. Continuity of money transfers is ensured by the principles on which the organization of non-cash payments is based:

1. Enterprises and organizations participating in operations themselves choose their form, regardless of the scope of their activities.
2. The client's rights to manage funds are not limited.
3. Transactions are implemented on a first-come, first-served basis.
4. Payments are transferred from account to account if funds are available.

Implementation principles

Compliance by business firms and banks with established rules ensures that this type of payment meets modern requirements such as reliability, efficiency, and speed of transactions. For this purpose, principles for implementing wire transfers have been developed. The procedure for making non-cash payments is determined by the following principles:

• The principle of acceptance. Without obtaining the consent or notification of the cash account holder, funds cannot be debited. This rule even applies to requests from government agencies.
• The principle of freedom of choice. Payment participants can conduct transactions in any form convenient for them. Financial organizations cannot influence the choice of non-cash payment methods.
• The principle of legality. All operations must be carried out within the framework of current legislation and regulated by it.
• The principle of urgency of payment. Any transfer of funds must be carried out within the time frame established by the payer. If they were violated, then sanctions fall on the bank.

These principles not only lie in making payments without withdrawing currency, but also in their implementation. The payer's current account must always have the required amount of funds to carry out transactions. All transactions are always carried out on the basis of an agreement between the bank and the account holder. You can go beyond the scope of the agreement only if a new contract is concluded with the client.

Rules for non-cash payments

Financial law regulates all monetary transactions between entrepreneurs, individuals and legal entities, shops, and other institutions. For these purposes, rules for non-cash payments were developed, the main one of which states that money should be debited from the client’s account only by his order. Payment documents used for transactions must contain:

• TIN of the account owner;
• name and account number of the credit institution;
• name of the payer's bank;
• account number and BIC of the transfer recipient.

Payment by bank transfer

Money transfer is carried out using one of the methods listed above. The correspondent account reflects the details of the sender and recipient of the funds, the amount of the transfer and the name of the paid service or product. Therefore, if the seller does not fulfill his obligations, the non-cash payment will be returned to the buyer with the exception of the banking system commission.

Refund to buyer

The customer has the right to return or replace goods purchased in the store. Refunds to the buyer by bank transfer are carried out upon presentation of the product, receipt, warranty card, and identity documents. Scans of the listed documents must be sent to the store’s mail. The transfer of funds to a client may be refused in the following situations:

• the product is a food product and is of good quality;
• documents on the transfer of funds are lost;
• the purchase belongs to the list of non-replaceable products.

Purchase returns

Products of inadequate quality must be sent by the client to the store warehouse. The return of goods by bank transfer is stipulated in the contract of each enterprise separately. The company can compensate for the costs of sending the goods if such a clause is included in its rules. Non-cash forms of payment involve the transfer of money to the buyer's current account immediately after sending the products back to the seller.

Video