Can I pay vendors and contractors globally?
Yes. With Send, you can pay suppliers, contractors and salaries from your company balance, in two ways:
Bank payouts: paid into the recipient's bank account in local currency, through our partner Unblock.
Crypto payouts: sent onchain to any wallet address.
Payouts are open to every company. Other payment methods may show as Soon in the dashboard.
How do I send a bank payout?
Go to Send in the dashboard.
Choose the payment method, then the recipient. You can add a new recipient in this step.
Enter the amount and, if needed, the recipient's bank details.
Review the fee, rate and the beneficiary's name, then confirm with 2FA.
The quoted rate is locked for a few minutes. If it expires, get a new quote.
Is there a setup step?
Yes. Before your first bank payout, your company completes a one-time verification for bank payouts in the dashboard. It builds on your existing KYB, and one of your company's owners provides proof of address.
What does a bank payout cost?
Oobit charges 0.5% per payout, minimum $4.99. The exchange rate includes the provider's fee. You see the total before you confirm.
Are there payment limits?
Up to $25,000 per payout.
Up to $50,000 across all payouts in any 24 hours.
Both include the Oobit fee. Some payment methods also have their own minimum or maximum, shown when you enter the amount.