Merchants are able to earn a 2% APY on their deposits in the USD account. The USD account has no lock-up period, no minimum deposit requirement and the interest is automatically compounded daily.
Step 1: After you have successfully activated your USD Account, you may access it by clicking on “Account Number” or the arrow symbol on the dashboard.
Step 2: Selecting the “Transfer In” button will bring you to your USD Account details.
Step 3: The bank account details will be displayed for you to make a deposit into or receive any incoming USD funds. You may copy the relevant bank details and proceed to make the wire transfer from your banking app/ online platform.
Each deposit will cost a flat fee of USD 8, not including any other fees that your originating or intermediary bank will charge.
All deposits will take 1-2 business days to be processed and displayed on the dashboard.