How does a transfer differ from a bank payment?

Money transfers from international payment systems were created as an alternative to transferring through bank accounts. Their advantage lies in the fact that it does not take more than 10 minutes to send and receive a transfer, while payments on invoices take longer and require a reason for making it. On the other hand, if you pay a contract of an educational institution, or an account of a medical institution, that is, accounts of legal entities, then a bank payment through an account will be the only correct decision for you. The amount of commission for bank payments (367 500 sum) is fixed and does not depend on the size of the payment. The term for crediting to the recipient's account is no more than 3 banking days.