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A check remittance advice is a document sent with a check payment that provides details about the payment, such as the invoice number and amount paid. It helps the recipient apply the payment to the correct account and reconcile their records.
When you encounter a remittance address, you may see terminology such as: Remit To: This is informing a customer where to send a payment. Remit Address: This is associated with companies asking where to send payments. Billing Address: This is the address affiliated with a payments destination.
Answer and Explanation: Remit To - Is the seller indicating customers where to send the payment to (i.e. payment instructions). Ship To - Is the address the customer provided indicating where to send the item/goods (i.e. delivery addresses).
to transmit or send (money, a check, etc.) to a person or place, usually in payment.
A remittance address, which can also be called a remit to address or remit address, is just a specific address that an individual or a business uses to receive payments.
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