What is a "Direct Payment" in the context of TraX?

A "Direct Payment" in the context of TraX refers to the process of direct deposit into a traveler's account. This payment method is particularly efficient and convenient for managing travel-related expenses. With direct payment, funds are deposited directly into the traveler’s designated bank account usually after travel expenditures are validated and processed. This process eliminates the need for paper checks or physical cash, thereby streamlining the reimbursement process, enhancing efficiency, and ensuring that travelers receive their owed reimbursements promptly.

The other options involve concepts that are not relevant to the functionality of direct payments in TraX. For example, manual authorization, refunds by third-party services, and the use of cryptocurrency do not align with the streamlined direct deposit mechanism that Direct Payments represent.