Visa Direct Account and Wallet Overview (2024)

FAQs

What is a Visa direct account? ›

Visa Direct Account and Wallet is built to help businesses deliver money to billions of endpoints worldwide through ACH, and faster payment networks¹ via a single integration.

The difference between Visa Checkout and Visa Direct is that Visa Checkout acts like a virtual wallet where Visa Direct does P2P payments and funds disbursem*nts. Below is some more information on what each API does.

Visa Direct is a network that facilitates funds transfers by Visa's client financial institutions.

Visa Direct is Visa's version of Zelle or Venmo, it's the instant-sending tool created by the credit card giant that gives card-holders the ability to send payments immediately.

Visa Direct is helping create the infrastructure necessary for a secure, connected global economy. Built with Visa's risk management products, Visa Direct benefits from our relationships with select partners who are innovating at the forefront of identity management, fraud management, and artificial intelligence.

All Visa Direct programs require the originator to be a licensed Visa acquirer or be sponsored by a licensed Visa acquirer who is ready and able to sponsor Visa Direct programs. Please reach out to your Visa account representative to get more information about Visa licensing requirements.

Visa Direct — Visa Direct transactions have an Interchange rate of 0.25%.

Discover the Visa Direct service limits for all transactions to a card: Limit per transaction: 1,000 USD. Limit per day: 2,500 USD. Limit per week: 5,000 USD.

What is the Visa direct method? ›

A real-time payment solution that enables fast, secure and reliable financial transactions. It allows instant transfer of funds using a mobile phone number or email, and is widely used for P2P, B2C and government disbursem*nts.

Visa Direct Payouts is a service that enables money to be pushed into bank, debit card⁴, or prepaid card⁴ accounts to complete business payouts, P2P transfers, app withdrawals, and more.

Eligible PayPal customers can pay and get paid by friends, family and businesses, and move money quickly from their PayPal, Xoom and Venmo accounts via Visa Direct to their eligible Visa cards.

Recipient financial institutions may make funds available to the recipient account within 30 minutes.

A real-time payment solution that enables fast, secure and reliable financial transactions. It allows instant transfer of funds using a mobile phone number or email, and is widely used for P2P, B2C and government disbursem*nts.

Visa Direct helps enable money movement to eligible debit cards domestically, and to eligible debit cards and accounts cross border. Visa B2B Connect enables b2b, cross-border, higher value payments to accounts on the same or next day through a single connection.