What is PaynPaid?
PaynPaid empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, PaynPaid enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments..
What is the PaynPaid Mass Payout Account?
The PaynPaid Mass Payout Account provides companies, corporations and marketplaces with cross-border payment needs, to transfer funds to large numbers of beneficiaries in more than 200 countries, in 150+ currencies.
Who uses the PaynPaid Mass Payout Account?
There are over 2,000 companies that pay their cross-border beneficiaries through PaynPaid.
Does the PaynPaid Mass Payout Account offer international payments?
Yes, cross-border payments are PaynPaid specialty. You can send funds with PaynPaid to more than 200 countries in 150+ currencies.
Who should apply for a PaynPaid Mass Payout Account?
Companies that pay out funds of at least $5,000 to a substantial number of international beneficiaries each month.
Companies that run a marketplace business model where they connect sellers and buyers, hosts and guests, publishers and advertisers, freelancers and businesses.
Which businesses should not apply for a PaynPaid Mass Payout Account?
Virtual currency / virtual goods
Selling of precious gems, gold, silver, etc.
Interest payments / loans
What is the minimum cross-border payout volume?
The PaynPaid Mass Payout Account is the solution for you if your company pays international beneficiaries at least $5,000/month. If your payout volume is under $5,000/month, we will charge you a monthly fee
How do I apply for a PaynPaid Mass Payout Account?
To apply for a Mass Payout Account, please click here.
What are PaynPaid Mass Payout Account fees?
There is no account charge for companies sending payments through the PaynPaid Mass Payout Account. A single transfer price of $3 is deducted from the beneficiary, unless you wish to bear the transfer cost.
Are my funds secure?
Yes. PaynPaid is a regulated Money Service Business in the Hong Kong and holds an E-Money license in the EU. We are audited and regulated and hold a PCI DSS level 1 certificate. We have partnered with leading financial institutions to hold the funds of Mass Payout Account Holders.
Is the PaynPaid Mass Payout Account right for me, if I only need domestic payment transfers?
If you need a combination of local and international payouts, PaynPaid would be right for you. However, if you only pay inside the U.S. or Europe we recommend you use local payout methods (ACH in the US and SEPA in Europe).