International wire transfers in USD

Discover the Bank Card Payout Method in Smartcat, which allows direct payment to your bank card in US dollars, along with its advantages, drawbacks, and eligibility criteria.

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.
Compan
y 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.