Paper checks
Paper checks are documents that obligate banks to transfer a certain from the account belonging to one party (check issuer) to another (beneficiary).
The beneficiary is free to cash the check or deposit the funds directly into their bank account.
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 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 will be sent to you. You can learn more in the article "Minimum payout amount".
Required details
Recipient’s full name | Full name of the individual beneficiary/Beneficiary company legal name |
Email address | Your email address for cheque 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.
Frequently Asked Questions
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.