We're excited to announce a major new feature covering all accounts, ibans and sort codes across Xace - Batch Payments. Previously these were restricted to just a handful of account types, affecting many operational payment flows.
Upon request, we can now activate batch on any of your accounts and currencies. Simply reach out on your live chat and we will begin activating the functionality on your accounts.
You will see your batch payment option under payments on each account that you have, once we enable the feature for you. If it doesn't show immediately, please use ctrl + R to refresh your page and it should show.
How do the new batch payments work?
Step 1 - Select Batch Payment
Step 2 - Download template, enter payments, upload to screen
Please note, each payment in the file will need to follow the standards of the payment scheme it will be sent by. We have a data sheet available here and in the app.
Step 3 - Review payments, fix validation errors
Each payment within a batch file must meet the standards of the scheme the currency is going to be sent by. This means some data may required editing before you can submit the file to us for processing.
Step 3a (optional) - View detail of each payment
Step 4 - Review Summary of Batch Payment + Confirm
Step 5 - Confirm via Multifactor Authentication
Step 6 - View Summary
Currencies & Account Types
Each currency will require a different set of payment information.
Each currency has a dedicated template (to fill in and upload) and a guide per currency, as seen at the bottom of each screen.
GBP Batch Payments
EUR Batch Payments
CAD Batch Payments
USD Batch Payments
Payment Guides
Each batch payment page provides access to the excel upload document guide, the fields and what they mean.
