Hyperwallet | Global Payouts (2024)

FAQs

How does Hyperwallet pay out? ›

In virtual accounts, payees can choose how they want to withdraw money from Hyperwallet. These options include prepaid cards, Venmo transfers, PayPal transfers, checks, cash pickup, or donations.

Once the transfer has been processed, the payee can expect funds to be deposited to their bank account within 1-3 business days. (Processing times vary by financial institution and is subject to change; Wire Transfers may take up to 5 days to process).

After funds are sent to your Hyperwallet account you can then transfer them via the transfer method you have created. From the Transfer page, click the Action menu of the account you would like to transfer to, and then click Transfer to Bank Account.

Hyperwallet is Payment Card Industry Data Security Standard (PCI-DSS) Level 1 certified, we comply with stringent requirements for data protection.

Send money to payees almost anywhere in the world in their preferred payment methods with Hyperwallet, a PayPal service. Talk to a payments expert 1-855-787-1009.

Hyperwallet doesn't publicly list its fees for making payments or its international exchange rate, but there is an account fee of $3 USD/month if you don't withdraw funds within 90 days of receiving them. It's important to note that these fee listings are estimations.

Usually, you'll have access to your direct deposit at the opening of business on your payday — by 9 a.m. In many cases, direct deposits hit accounts even earlier, often between midnight and 6 a.m. on payday morning.

If a claimant opts for a digital payout, funds can be received in their personal account in a matter of seconds – and disbursed via the payment method that best suits their needs, including to a debit card or directly to their bank account.

In most cases, yes, bank transfer times are instantaneous. However, banks will occasionally hold onto your funds for several days. There are a wide range of reasons that this could be the case, but it's most likely to happen to anomalous or especially large transactions.

If everything is in order, Hyperwallet will verify the submitted documents within 2 business days, but in most cases the process is completed in just a few minutes. If more information is required for verification, you will receive an email from Hyperwallet asking for further details.

What companies use Hyperwallet? ›

Account registration

If you're going to receive more than one payment on your card, consider setting up a free Participant Payments account at forte.hyperwallet.com. If you register your card, you can get cash at an ATM. You can also have more money loaded on the card. (Unregistered accounts can have up to $1,000.

Funds are sent to PayPal using an email identifier. This email identifier is the email address registered with the payee's Hyperwallet account. If the email address registered to the payee's account is also registered to a PayPal user, the transfer will be executed between the two systems automatically.

Frequently Asked Questions

Certain information, such as a Social Security number or employer identification number, is required for all US Sellers for tax reporting purposes so that you can receive relevant tax forms each year.

Hyperwallet is a service of PayPal, Inc., a licensed provider of money transfer services. All money transmission is provided by PayPal, Inc.

Certain information, such as a Social Security number or employer identification number, is required for all US Sellers for tax reporting purposes so that you can receive relevant tax forms each year.

Accept Online Payments with eChecks and ACH

Another way to accept online payments is through a direct debit of a bank account with an eCheck, or electronic check, through ACH payment options.

If you make a payment using Pay AnyBody, the recipient should get it within 3 business days, unless it automatically goes through as a faster payment – this can happen if you make a payment less than $5,000. See our payment cut-off times for more info about when you need to make your payments.