Receivables management

14/05/2016 08:58 AM

​Cash collection at customer’s site

Cash site collection allows you to deposit money into your account without going to Vietcombank.  

Benefits

  • Save time and costs;
  • Avoid risks from cash hoarding and transportation.

 Cash collection on customer’s behalf

With this service, your customers can pay you by depositing cash into your account at your location or any designated locations.  

Vietcombank sends cashiers to your designated location to collect cash from your customers. At the end of the day, Vietcombank credit the total amount collected to your account and carry the money to Vietcombank office. 

Benefits

  • Save time and costs for transportation and collection;
  • Avoid risks from counterfeit money and cash counting errors;
  • Avoid risks from cash hoarding and transportation.

​With existing payment channels, Vietcombank provides you effective channels to collect money from your customers.

Collection over the counter

This is the combination of deposit and transfer money over the counter to collect payments from your regular customers. Your customers can transact at any Vietcombank branches nationwide. 

Benefits

  • Save time and costs;
  • Avoid risks of collecting cash at your location;
  • Enhance your competitiveness by offering customers a more convenient method of payment;
  • Have credit notes of deposited money sent at your request.

Collection at  ATMs 

This service allows your customers to use Vietcombank cards to pay you at our ATMs nationwide. 

Benefits

  • Save time, costs and avoid risks of collecting cash;
  • Get credit notes of deposited money immediately;
  • Reconcile easily using our periodical statements;
  • Enhance your competitiveness by offering customers a more convenient method of payment;

Collection at POS

This is collection via cards, in which you are a card acceptance unit. Your customers use cards issued by Vietcombank or other banks to pay directly at your locations using POS devices or on your website. 

Benefits

  • Save time, costs and avoid risks of collecting cash;
  • Increase your revenue via non-cash payment channels;
  • Enhance your competitiveness by offering customers a more convenient method of payment:

-          Flexible limit: Payment is not limited within the amount of cash carried but the bank account balance or credit limit.

-          Diversified means: As the only bank accepting 7 most popular international cards and most domestic cards, Vietcombank enables easy payments.   

-          Convenience and safety:  Integration of card payment gateways using security technology and data processing system with the highest international standards for companies with sales on the Internet.

  • Modern card technology with high data processing speed and international-standard reports helps you easily manage your revenue.

Collection via the Internet

The service allows your customers to pay you on VCB i-Banking website.

Benefits

  • Save time, costs and avoid risks of collecting cash;
  • Enhance your competitiveness by offering customers a more convenient method of payment:

-          Save time and costs from no restriction on payment time and location;

-          Simple procedures only with one computer connected to the Internet.

  • Modern and highly secure technology.

2.2.5. Collection orders

In this service, Vietcombank collects money from the payer or the payer’s bank on the basis on your collection order.

Benefits

  • Save time, costs and avoid risks of collecting cash;
  • Short collection time owning to wide relationship network of Vietcombank;
  • Send collection orders easily through our VCB-Money program;
  • Modern and highly secure technology.

​Your customers authorize Vietcombank to debit their accounts and credit yours to pay for agreed transactions. At your request, Vietcombank will provide online statement for all collected amounts.

Benefits

  • Save time and costs of collection;
  • Save costs for managing receivables through automatic payments and updated information;
  • Modern technology ensuring fast and secure transaction processing.
This services are provided to cheque beneficiaries. When you present cheques for collection, Vietcombank will pay or send them for collection.

Cheque payments

Vietcombank immediately makes payments for cheques issued by Vietcombank or Vietcombank  foreign correspondent banks which designated Vietcombank as the paying bank. 

Benefits

  • Convert cheques to cash easily;
  • Save time and costs since money is automatically credited to your account when cheques are sent directly from overseas to Vietcombank;
  • Can present cheques for payment at any Vietcombank branches.

 Cheque collection

Vietcombank provides collection service for cheques issued by other banks. You will receive money right after the paying bank makes payment or accepts to pay. 

Benefits

  • Can present cheques for collection at any Vietcombank branches;
  • Get frequent updates on the cheque status.​
Receivables management