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  2. “Remit payment” refers to the process of sending a financial transaction, often internationally. Of course, the specific transfer method and process used for remittance can vary, including bank transfers, an online account, and other service providers.

    globalbanks.com/remit-payment/
    The term remittance comes from the word “remit” which means “to send back”. Remittance refers to the payment of money to another party, usually overseas, although it can also be domestic. In other words, remittance can simply be referred to as an international money transfer.
    www.compareremit.com/money-transfer-tips/remitt…
     
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  4. Dictionary

    re·mit
    verb[rəˈmit]
    remit (verb) · remits (third person present) · remitted (past tense) · remitted (past participle) · remitting (present participle)
    1. cancel or refrain from exacting or inflicting (a debt or punishment):
      "the excess of the sentence over 12 months was remitted"
    2. send (money) in payment or as a gift:
      "the income they remitted to their families"
    3. refer (a matter for decision) to some authority:
      "the request for an investigation was remitted to a special committee"
    4. archaic
      diminish:
      "phobias may remit spontaneously without any treatment"
    noun[rəˈmit, ˈrēˌmit]
    remit (noun) · remits (plural noun)
    1. BRITISH ENGLISH
      the task or area of activity officially assigned to an individual or organization:
      "the committee was becoming caught up in issues that did not fall within its remit"
    2. an item referred to someone for consideration:
      "a remit on the question failed"
    Origin
    late Middle English: from Latin remittere ‘send back, restore’, from re- ‘back’ + mittere ‘send’. The noun dates from the early 20th century.
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  5. Remit Payment: What Does It Means to Remit a Payment?

     
  6. WEBMay 4, 2022 · A remittance is the sum of money being sent, generally to someplace abroad, although it can also be made domestically. Learn about different methods of remittance payments, such as wire transfers, …

  7. WEBMar 5, 2024 · A remittance is money sent from one party to another, usually by a foreign worker to their family back home. Learn how to send a remittance, the fees involved, and the impact of remittances on …

  8. What Does Remit Mean? Your Guide to a Remittance Transfer

  9. WEB3 days ago · Payment remittance. This is just another way to say “remittance.” It just means that you’re sending a sum of money to a person in another place. Remittance advice. When a company buys goods or …

  10. Payment vs Remittance: Differences And Uses For …

    WEBPayment refers to the transfer of money or other valuable assets from one party to another in exchange for goods or services. It is a critical aspect of any business transaction and can be made through various means, …

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