There should be no need for you to give them your credentials. Also, be aware that if you do give a third party credentials, and you get hacked, your banks going to blame you for being stupid.
Because it is stupid.
How stupid is it? Not even the bank support staff will ask for your credentials.
All they need is your account numbers. But this is a service that appears to operate in South Africa and allows bank to bank transfers. To me that sounds like using PayPal to do bank to bank transfers which is really strange sounding.
But regardless a username and password is an odd thing to ask for unless we are just not understanding how this app works.
Well, it is a payment processor that uses bank accounts. So, that makes sense.That’s what wire transfers are for.
There should be no need for you to give them your credentials. Also, be aware that if you do give a third party credentials, and you get hacked, your banks going to blame you for being stupid.
Because it is stupid.
How stupid is it? Not even the bank support staff will ask for your credentials.
I just noticed it was login details… my brain was thinking account and routing.
Still, I say: You (importer) tell me the amount to pay – then I authorize payment to you.
All they need is your account numbers. But this is a service that appears to operate in South Africa and allows bank to bank transfers. To me that sounds like using PayPal to do bank to bank transfers which is really strange sounding.
But regardless a username and password is an odd thing to ask for unless we are just not understanding how this app works.