Get paid by paper check
Overview
Paper checks are documents that obligate banks to transfer a certain amount from the account belonging to one party (check issuer) to another (beneficiary).
You are free to cash the check or deposit the funds directly into your bank account.
Supported currencies
US Dollar (USD)
📌 If the currency of your balance in Smartcat is not USD, the funds are converted to USD at the Smartcat exchange rate on the day of payment. Learn more about the platform rate in the article "Conversion of Balance Currency to Payment Currency".
Commission
2 USD unless you have special agreements with the customer.
You can view a list of companies that reimburse your commission in the My Payouts section (click Learn more on your payout method).
Minimum payout amounts
From 8 USD
Smartcat allows setting the minimum amount, starting from which the payment is sent to you. You can learn more in the article "Minimum payout amount".
Required details
| Field | Description |
|---|---|
| Recipient's full name | Full name of the individual beneficiary/Beneficiary company legal name |
| Email address | Your email address for check notification |
| Country | USA only |
| Recipient city of residence | Beneficiary city of residence |
| Recipient address | Beneficiary address |
| Recipient state (province, prefecture) | Beneficiary state |
| Recipient ZIP code | Beneficiary ZIP code |
Advantages
- A common way of sending funds for US residents
Disadvantages
- Low speed. Funds delivery takes quite long as it depends on the postal/courier service
FAQs
I chose this method, but the payment was rejected. Why?
Act as follows:
-
Make sure that the ZIP code, city, street, and house number are specified in the corresponding detail fields
-
Make sure that you do not enter a PO box or email address instead of your residential address
For which countries is this method available?
The method is available exclusively for receiving funds in the US.
Still need help?
Our support team responds within one business day.