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Use Case > Direct Pay

Send Payments Directly to Creditors — Fast and Frictionless.

Smarter payment data, faster funding, fewer failed payments, and less credit risk. Spinwheel sends payoffs, consolidation payments, and balance transfers straight to creditors.

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Talk to Sales

Use Case > Direct Pay

Send Payments Directly to Creditors — Fast and Frictionless.

Smarter payment data, faster funding, fewer failed payments, and less credit risk. Spinwheel sends payoffs, consolidation payments, and balance transfers straight to creditors.

Book a Demo

Talk to Sales

Problem

When Money Goes to the Borrower, Payoffs Are at Risk.

Sending funds to a borrower to pay creditors adds delays and increases credit risk — and nothing guarantees the debts get paid. But, handling payoffs directly means keying in card numbers, calling creditors, and relying on slow setups with frequent failed payments.

Manual creditor payment: a form for entering card and creditor details by hand, a payoff that takes several minutes to process, and a failed payment because the card number doesn’t match creditor records

Problem

When Money Goes to the Borrower, Payoffs Are at Risk.

Solution

Streamline Payments to Creditors Without the Risk or Manual Work.

Spinwheel pays creditors directly, using verified creditor and account details instead of keyed-in card or account numbers — with backups in place to ensure complete coverage. Payments can run on Spinwheel’s rails, your own rails, or a mix of both.

Direct pay flow: an approved $10,000 personal loan, a payment status tracker confirming the payoff amount, sending on Spinwheel rails and payment to Bank of America, and a confirmation of $8,200.55 applied to credit cards and $1,799.45 transferred to a bank account

Solution

Streamline Payments to Creditors Without the Risk or Manual Work.

How Auto-Fill Works.

Identify Creditors

Spinwheel finds the consumer’s creditors and payment destinations based on permissioned, verified credit data.

App screen showing 3 verified creditors with payoff amounts for Bank of America, Chase and Target, $8,200.55 paid to creditors and $1,799.45 transferred to a bank account

Identify Creditors

Spinwheel finds the consumer’s creditors and payment destinations based on permissioned, verified credit data.

The Spinwheel Difference.

Fewer Failed Payments.

Verified creditor and account details mean fewer payments hit errors.

See how NASA FCU made payments more transparent for members.

Learn More

Less Manual Work.

Teams stop keying in card numbers and chasing payments.

Faster Funding.

Payoffs and balance transfers reach creditors faster with direct pay.

70%

decrease in balance transfer times

Lower Risk.

Money goes straight to the creditor — with visibility from processed to paid — so debts get paid as planned.

The Spinwheel Difference.

Fewer Failed Payments.

Verified creditor and account details mean fewer payments hit errors.

See how NASA FCU made payments more transparent for members.

Learn More

Faster Funding.

Payoffs and balance transfers reach creditors faster with direct pay.

70%

decrease in balance transfer times

Less Manual Work.

Teams stop keying in card numbers and chasing payments.

Lower Risk.

Money goes straight to the creditor — with visibility from processed to paid — so debts get paid as planned.

The Spinwheel Difference.

Fewer Failed Payments.

Verified creditor and account details mean fewer payments hit errors.

See how NASA FCU made payments more transparent for members.

Learn More

Less Manual Work.

Teams stop keying in card numbers and chasing payments.

Faster Funding.

Payoffs and balance transfers reach creditors faster with direct pay.

70%

decrease in balance transfer times

Lower Risk.

Money goes straight to the creditor — with visibility from processed to paid — so debts get paid as planned.

Common Solutions.

Disbursement screen showing $10,000 in funds paid directly to Bank of America, Chase and Target, with $8,200.55 paid to creditors and $1,799.45 transferred to a bank account

Debt Consolidation Payoff.

Pay off a consumer’s selected debts as part of a consolidation loan.

Balance Transfers.

Mortgage and Home Equity Payoff.

Debt Management Payments.

Common Solutions.

Debt Consolidation Payoff.

Pay off a consumer’s selected debts as part of a consolidation loan.

Balance Transfers.

Mortgage and Home Equity Payoff.

Debt Management Payments.

Common Solutions.

Debt Consolidation Payoff.

Pay off a consumer’s selected debts as part of a consolidation loan.

Balance Transfers.

Mortgage and Home Equity Payoff.

Debt Management Payments.

Take the Manual Work Out of Debt Payments.

See how Spinwheel pays creditors directly for payoffs, consolidation, and balance transfers.

Book a Demo

Take the Manual Work Out of Debt Payments.

See how Spinwheel pays creditors directly for payoffs, consolidation, and balance transfers.

Book a Demo

Take the Manual Work Out of Debt Payments.

See how Spinwheel pays creditors directly for payoffs, consolidation, and balance transfers.

Book a Demo

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