Business glossary
Remit-to address
The destination or payment details a customer should use when paying an invoice.
Example
A supplier may ask customers to mail checks to a lockbox while its business operates elsewhere. A transfer instruction instead specifies the recipient and account details appropriate to that payment method.
How it differs from related terms
Remit-to tells the payer where or how to send funds. Billing address identifies the customer's account. Verify a requested change of payment destination through an established contact before updating an invoice's payment instructions.
Frequently asked questions
What is an example of remit to address?
A supplier may ask customers to mail checks to a lockbox while its business operates elsewhere. A transfer instruction instead specifies the recipient and account details appropriate to that payment method.
How should remit to address be interpreted?
Remit-to tells the payer where or how to send funds. Billing address identifies the customer's account. Verify a requested change of payment destination through an established contact before updating an invoice's payment instructions.