Payout Descriptor
Understand how payout descriptors work across different payment methods on BlindPay.
Overview
Payout descriptors determine how the sender's name appears on the recipient's bank statement when they receive payments through BlindPay. The descriptor varies based on the payment method and the receiver's account configuration.
ACH
For ACH payments, the payout descriptor depends on the receiver's virtual account setup and configuration:
Scenarios
| Receiver Configuration | Payout Descriptor |
|---|---|
| No Virtual Account | BlindPay's name |
| With Virtual Account | BlindPay's name |
| With Virtual Account and Named Account enabled | Receiver's name |
Note: Please tell us if you need to enable named account for a receiver. We have 5 business days to process this request.
Named Account Configuration
To enable named accounts for a receiver, you need to:
- Specify which receiver (customer) you want to enable named accounts for
- Allow BlindPay 5 business days to process and enable this feature
Once enabled, recipients will see the receiver's actual name on their bank statements instead of BlindPay's name.
Wire
Wire transfers have a standardized descriptor regardless of the receiver configuration:
Descriptor
| Scenario | Payout Descriptor |
|---|---|
| All wire transfers | JPM CHASE BANK NA NONFIDUCIARY |
This descriptor appears for all wire transfers processed through BlindPay, providing consistency and compliance with banking regulations.
RTP (Real-Time Payments)
Real-Time Payments use a consistent descriptor across all scenarios:
Descriptor
| Scenario | Payout Descriptor |
|---|---|
| All RTP transfers | BlindPay's name |
Recipients will always see BlindPay's name on their bank statements for RTP transactions, regardless of the receiver's configuration.
PIX
PIX (Brazil) payments use a consistent descriptor across all scenarios:
Descriptor
| Scenario | Payout Descriptor |
|---|---|
| All PIX transfers | BlindPay's name |
Recipients will see BlindPay's name on their bank statements for all PIX transactions.
SPEI
SPEI (Mexico) payments use a consistent descriptor across all scenarios:
Descriptor
| Scenario | Payout Descriptor |
|---|---|
| All SPEI transfers | BlindPay's name |
Recipients will see BlindPay's name on their bank statements for all SPEI transactions.
ACH Colombia
ACH Colombia payments use a specific descriptor for all transactions:
Descriptor
| Scenario | Payout Descriptor |
|---|---|
| All ACH Colombia transfers | Nvio Pagos |
Recipients will see "Nvio Pagos" on their bank statements for all ACH Colombia transactions.
Transfers 3.0
Transfers 3.0 payments use a specific descriptor for all transactions:
Descriptor
| Scenario | Payout Descriptor |
|---|---|
| All Transfers 3.0 | Nvio Pagos |
Recipients will see "Nvio Pagos" on their bank statements for all Transfers 3.0 transactions.