Making a Payment
Create, submit, and track payments across multiple methods including ACH, wire, SWIFT, and more.
Last updated March 2, 2026
Overview
TreasuryPath lets you send payments across borders and domestically using a range of payment methods. Every payment starts as a Payment Instruction, which captures who you are paying, how much, and through which method. Once submitted, it flows through your team’s approval policies (if any) before being executed as one or more Payment Orders on the underlying payment rails.
How to Create a Payment
- Navigate to Payments and click New Payment
- Select your source account (the account funds are debited from)
- Select your destination account (where funds are sent)
- Enter the payment amount and currency
- Choose a payment reason from the list (e.g., Bill Payment, Wages/Salary, Business Expenses)
- Review the payment quote, which shows the exchange rate (if applicable) and fees
- Choose your fee strategy: Net (fee subtracted from amount) or Gross (fee added on top)
- Click Submit to send the payment for processing or approval
If your company has payment policies configured, the payment may enter a Pending Approval state before it can be processed.
Payment Methods
TreasuryPath supports a wide range of payment rails depending on the currency and destination:
| Method | Description |
|---|---|
| ACH | US domestic automated clearing house transfers |
| Wire | Traditional bank wire transfers |
| SWIFT | International cross-border transfers via the SWIFT network |
| Faster Payments (FPS) | UK real-time payments |
| CHAPS | UK high-value same-day payments |
| FedWire | US real-time gross settlement |
| FedNow | US instant payments |
| NPP | Australia’s New Payments Platform |
| EFT | Electronic funds transfer (Canada and others) |
| Interac | Canadian interbank transfers |
| RTGS | Real-time gross settlement (various countries) |
| FAST | Singapore’s fast payment system |
| GIRO | European credit transfers |
| BPay | Australian bill payment system |
| Local | Local payment rails (varies by country) |
| Bank Transfer | Generic bank-to-bank transfer |
| Balance | Internal wallet-to-wallet transfer |
The available methods depend on your connected accounts and the payment corridor.
Fee Strategies
When creating a payment, you choose how fees are handled:
- Net - The fee is subtracted from the instructed amount. The recipient receives less than the amount you enter.
- Gross - The fee is added on top of the instructed amount. The recipient receives the full amount you enter, and you pay extra to cover the fee.
Payment Instruction Statuses
Every payment goes through a lifecycle tracked by its status:
| Status | What it means |
|---|---|
| Pending | Payment created and awaiting initial processing |
| Pending Approval | Payment is waiting for approval from your team |
| Processing | Payment has been submitted to the payment provider and is being executed |
| Completed | Payment was successfully delivered |
| Failed | Payment encountered an error during processing |
| Cancelled | Payment was cancelled before completion |
| Blocked | Payment was blocked by a company policy |
| Rejected | Payment was rejected by an approver |
Payment Order Statuses
Once a Payment Instruction is approved and submitted, it creates one or more Payment Orders that track execution on the payment rails:
| Status | What it means |
|---|---|
| Draft | Order is being prepared |
| Pending Submission | Ready to send to the payment processor |
| Submitted | Successfully submitted to the processor |
| Processing | Currently being processed by the payment network |
| Succeeded | Funds have been moved successfully |
| Failed | Processing failed |
| Cancelled | Order was cancelled |
| Refunded | Funds were returned after a successful transfer |
Payment Directions
Each Payment Order has a direction that describes the flow of funds:
- Debit - Funds pulled from the originating account
- Credit - Funds sent to the receiving account
- Internal Transfer - Movement between two wallets within the same platform
Cancelling a Payment
You can cancel a payment that is in Pending or Pending Approval status. Once a payment moves to Processing, it cannot be cancelled. To cancel, open the payment details and click Cancel Payment.
Payment Reasons
When creating a payment, you select a reason that categorizes the transaction. Available reasons include: Bill Payment, Business Expenses, Wages/Salary, Transfer to Own Account, Investment Capital, Loan/Credit Repayment, Professional/Business Services, Taxes, Travel, Goods Purchased, and others.
Frequently Asked Questions
What currencies are supported?
TreasuryPath supports payments in any currency available through your connected accounts and payment providers, including major currencies (USD, EUR, GBP, CAD, AUD, JPY, CHF) and many others.
How long do payments take?
Processing time depends on the payment method. Internal transfers and FedNow/Faster Payments are near-instant. ACH typically takes 1-2 business days. International wires via SWIFT can take 1-5 business days.
Can I pay a bill directly?
Yes. When creating a payment, you can link it to an existing bill. The payment instruction includes an optional bill reference that connects the payment to the bill record for tracking purposes.
What happens if a payment fails?
If a payment fails, the Payment Order moves to Failed status and you are notified. You can review the failure reason in the payment details and create a new payment to retry.
How do I track payment history?
All payments are visible in the Payments section. You can filter by status, date range, and payment method to find specific transactions.