How does the platform support business account setup and international payments?
After verification, the user will be able to link a business bank account and use it for processing international payments. The platform facilitates transactions and offers support in the account setup process.
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How does the platform handle cross-border payments?
The platform allows international payments to be sent into a wallet in USD. It simplifies the process by eliminating the need for submitting forms to banks.
How does the platform ensure seamless cross-border transactions?
The platform streamlines cross-border payments by allowing businesses to receive payments from international clients, convert funds into USD, and transfer the funds to any U.S. bank account without the need for complex banking procedures.
What are the next steps to start using the platform?
Businesses can sign up for an account, complete the one-time verification process, and add a bank account. Once this setup is complete, they can start receiving payments and use the platform for cross-border transactions.
Can clients from other countries link their local bank accounts directly to the platform?
No, the platform does not support linking domestic bank accounts from outside the U.S. Clients can, however, initiate international wire transfers that will be converted and deposited in USD.
What is the pricing structure for cross-border payments?
For international payments, the platform charges $25 per transaction. Domestic ACH payments incur a $2 fee, and sending payments to vendors via ACH or wire transfer is charged at $5 per transaction.