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Advice and answers from the Grey Team
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payment schemes
Why did my transaction fail?
When receiving foreign payments, please notify the sender of the supported
payment
schemes
and ensure… The supported
payment
schemes
for each currency account are listed on the accounts page… they use the suitable
payment
scheme
What is the withdrawal fee for GBP?
These are local
payment
schemes
used by banks within the United Kingdom
How to withdraw USD (ACH and SWIFT)
International Transfers: Send USD to 173 countries using SWIFT Supported
payment
schemes
: ACH… This is a domestic transfer within the United States, and to receive
payment
using this
payment
scheme… You can learn about the fees and limits for USD
payment
here.
FAQs on sending money to the UK 🇬🇧 and Europe 🇪🇺
EUR and GBP payouts are made via local
payment
schemes
supported in the UK (BACS, FPS and CHAPS) and… Note: There are also fees for the
payment
method used to deposit the funds you want to send and currency
What is the transaction fee for USD?
PAYMENT
SCHEME FEES LIMIT ESTIMATED PAYOUT TIME ACH transfer 0.5% with a… The transaction fee depends on the
payment
scheme selected
What is SEPA/SEPA Instant
SEPA stands for "Single Euro Payments Area," which is a
payment
integration initiative of the European… Receiving payments is dependent on the sending bank/platform and
payment
scheme used
Guidelines for receiving
payments
to your European bank account
your European bank account can take up to the Transaction date + 2 business days, depending on the
payment
Guidelines for receiving
payments
to your UK bank account
into your UK bank account can take up to the Transaction date + 2 business days, depending on the
payment
What is BACS, CHAPS and FPS
BACS, CHAPS, and FPS are all
payment
systems used primarily in the United Kingdom for electronic fund… CHAPS (Clearing House Automated
Payment
System): CHAPS is a same-day sterling fund transfer system… Receiving payments depends on the sending bank/platform and
payment
scheme used
How to withdraw Payoneer funds to a UK, EUR, or US bank account.
The expected time to receive your funds depends on the currency and
payment
scheme