How do I receive USD?
If your payment originates from within the USA:
Share your USD ACH or Fedwire Account details with the sender.
FedACH: You will receive the funds usually on the same day if less than $250,000 or the next day if over $250,000. You will receive the full amount. You can receive a max of $5,000,000 in a single transaction.
FedWire: You will receive the funds usually on the same day but is very dependent on the sending bank. You will receive the full amount. You can receive a max of $1,000,000 in a single transaction.
If your payment originates outside the USA:
Share your SWIFT account details with the sender. There is no limit on the amount you can receive. The time it will take for the money to reach you is dependent on the sending and intermediary banks. You will receive the full amount if the person/company sending the SWIFT Transfer has chosen a SWIFT (OURS) transaction.
You will receive a reduced amount if the sender has chosen SWIFT(SHA) when initiating the SWIFT transfer from their bank, as intermediary banks deduct fees.
You can access this from the Dashboard → View Accounts → USD → My USD Account Details