Cash Collection is the recovery of a debt from a business or a person in which an invoice has been issued to. Should the invoice be unpaid for a certain duration of time, depending on the terms, then the invoice would be considered overdue. Here at Asenso Remit we offer you a wide range of options for you to use cash collection to pay the beneficiary.
How can my beneficiary receive the money?
You have three options. You can credit the money directly to your beneficiary’s bank account (any bank in the Philippines), deliver the money at your beneficiary’s doorsteps, or have your beneficiary collect the money from our various cash pick-up outlets/partners.
What does the beneficiary need in order to collect the money?
To collect money, your beneficiary needs two things:
- Proof of ID
- Reference number
Please note that the beneficiary’s name as stated on your transfer has to match exactly the name presented on the beneficiary’s Proof of ID. This includes any middle names.