Send an individual payment

This section describes the steps involved in sending an individual payment using Ripple Payments Direct.

1. Get quote

Fill out all necessary information to fetch a quote for the payment, including the quote type, amount, and receiver country.

1. Click the Payments tab.
2. Click Create Payment > Individual .
   

   

3. On the New Payment page, select one of the following Quote Type options from the drop-down list.
   • Sending Amount : Select this option if you want to specify the amount to be sent prior to factoring in the FX and cost.
   • Receiving Amount : Select this option if you want to specify the amount to be received after FX and fees have been applied.
4. In the Amount field, enter the amount of the currency you want to send or you want the beneficiary to receive.

   Note:

   If you specified an amount to be sent (instead of received), the Payment Currency field, which allows you to select the sending currency, will be displayed. USD is currently the only available sending currency supported by Ripple Payments Direct.

5. In the Receiver Country field, select the country where the beneficiary is located from the drop-down list.
   For an overview of all supported payout countries and currencies, see Payout network .
6. United Kingdom of Great Britain and Northern Ireland only: From the Payout Currency field select either EUR or GBP.
   All other countries currently support only one payout currency, hence, the payout currency is pre-selected in those cases.

   Optional:

   In the Advanced Options section, you can define advanced quote details. For example, you can specify a receiver RippleNet account or a sender segregated account, apply a currency filter, specify an exchange rate fee, and other payment specifics. For more information, see Advanced options.

7. Click Get Quote .

The New Payment page shows you a quote for the payment you initiated. The quote expires after one minute. If the quote expires, you have to get a new quote by creating a new payment using the same field values.

2. Review quote

Review the quote to ensure that the rate and fees are appropriate.

Quote details example:

1 - Ripple service fee: The fee Ripple charges for this payment transaction.
2 - Foreign exchange (FX) rate: The rate at which the source currency is exchanged for the destination currency.

3. Accept quote

Depending on the type of payment you're making, you must specify both beneficiary and originator information to accept the quote. For example, if you're making a payment on behalf of a third-party originator, you must specify originator information.

1. From the Saved Beneficiary drop-down list, select your beneficiary.

   Note:

   The beneficiary information will be included in the RippleNet Payment Object (RPO) and shared between Ripple's intermediary node and the payout partner node.

   Alternatively, if your intended beneficiary isn't available in the drop-down list, click Add Identity and see Identity management for more information on how to add and manage beneficiaries.
   
   

2. Only if you're making the payment on behalf of a different originator:
   
   Select This payment will be made on behalf of a separate originator and then select an originator from the Saved Originator drop-down list.

   Alternatively, if your intended originator isn't available in the drop-down list, click Add Identity and see Identity management for more information on how to add and manage beneficiaries.
   
   

3. From the Transaction Purpose drop-down list, select the purpose of the transaction.
   Transaction Purpose options

   • Allowance
   • Architectural, Engineering and Other Technical Services
   • Bonus Payment
   • Commission
   • Compensation Payment
   • Construction and Installation Services
   • Deposit
   • Deposits with or from Offshore Financial Institutions
   • Family Maintenance
   • Goods and Services by Short-Term Workers
   • Goods and Services by Travellers
   • Goods for Processing & Manufacturing Services
   • Home Health Care
   • Interest
   • Intra Company Payment
   • Investment & Securities
   • Invoice Payment
   • Maintenance and Repair Services
   • Mobile P2P Payment
   • Order Cheque Domestic
   • Order Cheque Foreign
   • Others
   • Payment for Machinery, Non-Customized Packaged Software and Transport Equipment
   • Payment for Manufactured Goods
   • Payment for Miscellaneous Manufactured Articles
   • Payroll
   • Purchase Sale of Goods
   • Purchase Sale of Goods and Services
   • Purchase Sale of Services
   • Real Estate Abroad
   • Rental Lease general
   • Salary Payment
   • Supplier Payment
   • Term Loans Long-Term
   • Term Loans Short-Term
   • Trade Services
     
4. If available, from the Source of Funds drop-down list, select where your funds come from.
   Source of Funds options

   • Alimony
   • Cash Proceeds
   • Compensation
   • Employee Income
   • Gift
   • Inheritance
   • Insurance Premium Liquidation
   • Paid Up Capital
   • Real Estate Sale
   • Redemption
   • Retained Earnings
   • Retirement Policy
   • Sale Acquisition Corporation
   • Sale Of Goods
   • Savings
   • Self Employment Income
   • Winnings

4. Click Accept Quote .

As soon as the payment transaction is settled, the status column will show Completed, which indicates that your payment was successful and that funds have been moved.

4. Optional: Investigate and create report

This section provides instructions for gathering payment details, understanding payment events, and creating reports.

• To verify the payment details, click your payment's ID and then Payment Object JSON .
  In the RPO, you'll find information related to your payment, such as user information and fees.

  

• To verify the details of the event trail related to the payment, click your payment's ID and then Event Trail JSON . The event trail lists the types of events that happen during a payment transaction, including a timestamp and event status.

  

• To look at pre-generated reports for Ripple Payments Direct transactions:
  1. Click Monthly Statement .
  2. Select the Date range (following UTC time) and Format for your report.
  3. Click Download .
     

  

  For detailed information on the Payment operations report data fields, see Monthly statement.