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Do you provide access to banking for Remittance-as-a-Service (RaaS)?

If by access to banking you are implying do we provide a bank account in the US for the commissions &/or customer funds to be pushed into – the answer is no.

If you are an ISO, you would need to make arrangements in the US to have your own company incorporated and have a US bank account to receive commissions, or for the solution provider to either SWIFT (international wire transfer) the money across to the correspondent’s bank account in their payout country, or the correspondent may have a Nostro account in the US.

Either way, access to banking is not provided for. You have to make arrangements for it, or you can contact us to separately provide you access to banking services.

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This page was last updated on January 19, 2023.