International wire transfers in USD
When you use the Bank card payout method, you get payment for your work directly to your bank card and then pay online and offline stores, withdraw cash, and perform other transactions.
Supported currencies
US dollar (USD)
Please note that if the currency of your balance in Smartcat is not USD, the funds will be converted to USD using the Smartcat exchange rate.
Commission
The commission is 3 USD, unless you have special arrangements with the customer.
You can view a list of companies that are reimbursing your commission in the My Payouts section (click on the Learn more button on your payout method).
Additional commissions of correspondent banks may be applied. You can learn more about the reasons why correspondent banks charge commissions in the FAQ below this article.
Minimum and maximum payout amount
From 40 USD to 25,000 USD
Smartcat allows setting the minimum amount, starting from which the payment will be sent to you. You can learn more in the article "Minimum payout amount."
Required details
Field | Individual | Company | Description |
Beneficiary's type | ✓ | ✓ | Individual or company beneficiary |
Beneficiary first name | ✓ | ✕ | Beneficiary's name |
Beneficiary last name | ✓ | ✕ | Beneficiary's last name |
Birth date | ✓ | ✕ | Beneficiary's birth date |
Beneficiary company name | ✕ | ✓ | Beneficiary's company legal name |
Account number | ✓ | ✓ | Beneficiary's bank account number |
Bank country | ✓ | ✓ | Country of the bank in which the beneficiary has an account |
SWIFT | ✓ | ✓ | 8-11-digit code identifying the country, city, bank and bank branch of the beneficiary |
Intermediary institution SWIFT code | ✓ | ✓ | 8-11-digit code identifying the country, city, bank and bank branch of the intermediary institution (if any) |
Recipient’s IBAN | ✓ | ✓ | The beneficiary's international bank account number, up to 34 characters long (including numbers and letters) |
Bank address | ✓ | ✓ | Address of the branch of the bank where the beneficiary has an account |
Bank name | ✓ | ✓ | Name of the bank where the beneficiary has an account |
Branch | ✓ | ✓ | Code of the branch of the bank where the beneficiary has an account |
Recipient’s country | ✓ | ✓ | Country of actual residence of the beneficiary/registration of the beneficiary company |
Recipient’s state (province, prefecture) | ✓ | ✓ | State (province, prefecture) of actual residence of the beneficiary/registration of the beneficiary's company (US, Canada, Mexico only) |
Recipient's city of residence | ✓ | ✓ | City of actual residence of the beneficiary/registration of the beneficiary company |
Recipient's address | ✓ | ✓ | Address of actual residence of the beneficiary/registration of the beneficiary's company |
Recipient's postal code | ✓ | ✓ | Index of actual residence of the beneficiary/registration of the beneficiary's company |
Advantages
Global coverage: wide selection of available countries.
Flaws
High commission rate: intermediary bank commissions may apply additionally.
Fairly long process: transferring funds up to 5 business days.
Frequently Asked Questions
I chose this method, but the payment was rejected. Why?
Act as follows:
Make sure you have provided payment details for an international SWIFT bank transfer (not a local bank transfer - ACH).
Make sure that the postal code, city, street and house number are specified in the corresponding fields of the details. Make sure that you do not enter a PO box or email address instead of your residential address.
Check that the details you provided are correct (account number, IBAN (if applicable), SWIFT, branch).
Make sure that the name of the account holder is entered in the details exactly as it is in the bank details, including all spaces and symbols.
I cannot find the payment. What does the payment look like on the bank statement?
The purpose of the payment indicates the payment ID in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section.
SMARTCAT PLATFORM INC. or THE CURRENCY CLOUD LIMITED appears as the sender, depending on the beneficiary bank.
For which countries is this method available?
To see if this method is available to you, check your options when adding a payout method in the My Payouts section. If it is listed for your chosen country or region, you can specify your bank account as the withdrawal method.
I received a payment. What details should be used for billing?
When receiving funds by international wire transfer in US dollars, you need to provide the following Smartcat details in your account:
Company name: Smartcat Platform Inc.
Company address: 2810 N Church St PMB 50985, Wilmington, Delaware, 19802-4447, USA
Countries where international wire transfer in USD is available
Åland Islands | Croatia | Iceland | Mongolia | San Marino |
Albania | Curaçao | India | Montenegro | Sao Tome and Principe |
Algeria | Cyprus | Indonesia | Montserrat | Saudi Arabia |
Andorra | Czechia | Ireland | Morocco | Senegal |
Angola | Denmark | Isle of Man | Mozambique | Serbia |
Anguilla | Dominica | Israel | Myanmar | Seychelles |
Antigua and Barbuda | Dominican Republic | Italy | Namibia | Sierra Leone |
Armenia | Ecuador | Jamaica | Nauru | Singapore |
Aruba | Egypt | Japan | Nepal | Sint Maarten (Dutch part) |
Australia | El Salvador | Jersey | Netherlands | Slovakia |
Austria | Equatorial Guinea | Jordan | New Caledonia | Slovenia |
Azerbaijan | Estonia | Kazakhstan | New Zealand | Solomon Islands |
Bahamas | Ethiopia | Kenya | Nicaragua | South Africa |
Bahrain | Falkland Islands (the) [Malvinas] | Kiribati | Niger | Spain |
Bangladesh | Faroe Islands | Kuwait | Nigeria | Sri Lanka |
Barbados | Fiji | Kyrgyzstan | Niue | Suriname |
Belgium | Finland | Lao People's Democratic Republic | Norfolk Island | Sweden |
Belize | France | Latvia | Norway | Switzerland |
Benin | French Guiana | Lebanon | Oman | Taiwan |
Bermuda | French Polynesia | Lesotho | Pakistan | Tajikistan |
Bhutan | Gabon | Liberia | Palau | United Republic of Tanzania |
Bolivia | Gambia | Liechtenstein | Panama | Thailand |
Bosnia and Herzegovina | Georgia | Lithuania | Papua New Guinea | Timor-Leste |
Botswana | Germany | Luxembourg | Paraguay | Tonga |
Brazil | Ghana | Macao | Peru | Trinidad and Tobago |
Brunei Darussalam | Gibraltar | Macedonia | Philippines | Tunisia |
Bulgaria | Greece | Malawi | Poland | Turks and Caicos Islands |
Burkina Faso | Greenland | Malaysia | Portugal | Tuvalu |
Cambodia | Grenada | Maldives | Puerto Rico | Uganda |
Canada | Guadeloupe | Mali | Qatar | United Arab Emirates |
Cabo Verde | Guatemala | Malta | Korea | United Kingdom of Great Britain and Northern Ireland |
Cayman Islands | Guernsey | Marshall Islands | Réunion | United States of America |
Chile | Guinea | Martinique | Romania | Uruguay |
China | Guinea-Bissau | Mauritania | Rwanda | Uzbekistan |
Christmas Island | Guyana | Mauritius | Saint Helena, Ascension and Tristan da Cunha | Vanuatu |
Cocos (Keeling) Islands | Haiti | Mayotte | Saint Kitts and Nevis | Viet Nam |
Colombia | Holy See | Mexico | Saint Lucia | British Virgin Islands |
Cook Islands | Honduras | Micronesia | Saint Pierre and Miquelon | Wallis and Futuna |
Costa Rica | Hong Kong | Moldova | Saint Vincent and the Grenadines | Zambia |
Côte d'Ivoire | Hungary | Monaco | American Samoa |
FAQ
Why using the international wire transfer payout method may involve additional fees?
Please keep in mind that if you choose to receive payouts using the “International wire transfer” method, Smartcat will deduct $3 fee per payout unless you and the customer have agreed otherwise.
Additionally, intermediary banks that process the transaction may also charge a fee which can be between $5 and $40.
Why are intermediary banks involved in the process?
If the two banks that process the payment from Smartcat to the recipient don’t have a direct relationship, one or more intermediary banks must be found to facilitate the transfer. This is done automatically without Smartcat’s involvement.
Since there are more operations happening behind the scenes, this kind of transfer is more expensive and may take a bit longer to complete.
Unfortunately, we do not have an impact on intermediary banks’ policies, nor are we able to provide accurate information on the amount of fees applicable.
Please consider this information and, if this doesn’t suit your needs and expectations, use a different available option for receiving payouts.