# Paying vendors \[Pay third parties in fiat from Splits accounts]

A vendor payment is an offramp to someone else's bank account. Each vendor bank account you add gets a dedicated onchain deposit address; paying the vendor is a normal [send](/transactions/sends) of stablecoins to that address, which Bridge converts and delivers to the vendor's bank.

Prerequisites: [banking](/banking) set up with a verified entity. Adding and managing vendor accounts requires the [Owner](/teams/roles) role.

## Adding a vendor

In [Settings > Banks](https://app.splits.org/settings/team/banks/), add the vendor's bank account as an **external account**: US accounts by routing and account number, EU accounts by IBAN, along with the account owner's name and address. External accounts are listed separately from the team's own (internal) bank accounts.

## Paying

Send **USDC** (US vendors) or **EURC** (EU vendors) to the vendor account's deposit address; bank-account recipients also appear directly in the send flow. The payment is a transaction like any other: proposed from an account, approved at its threshold, visible in the feed and [accounting](/accounting).

Delivery is via Same Day ACH (US) or SEPA (EU), with the same 0.25% fee and [settlement timing](/banking/offramping#settlement) as other offramps, deducted from the amount sent.

To collect tax forms from vendors and contractors you pay, see [Compliance](/contacts/compliance).