What is Bank Wire Transfer?

A Bank Wire Transfer is a transfer of funds from one bank account to another locally or internationally. In most cases you will need to go down to your bank and authorize the wire or set up a repetitive wire service to us.

How do I send Bank Wire Transfer?

Please follow the steps given below to send a Bank Wire Transfer -

1. Login to your PartyAccount
2. Click on the 'Cashier' and Select 'Deposit'
3. Go to the 'Bank Wire Transfer' Deposit Option and click on "Deposit Now"
4. On the next screen, you will get the Payee Information and “Purpose of Reference”. This is the information your bank will ask you for.
5. A unique transaction ID will be created, please record this for future reference. It is how we know to expect your wire.
6. Check the amount and click “Confirm”
7. Go to your bank; request a wire using the information obtained in step three. Please make sure that you mention the “Purpose of Reference”
8. After you wire the funds, email the following details to cashier@pay-pro.com
   
   
   1. Your transaction id (from the PartyCashier site)
   2. Your name
   3. PartyAccount name
   4. Amount wired
   5. Date of wire
   6. Name of bank you wired the money from
   7. Bank Wire Transfer reference number you received from the bank (if available)

How long does it takes for money to get credited to my PartyAccount?

Funds will be posted to your PartyAccount as soon as the wire has cleared and been credited to our account, this can take anywhere from 1-6 business days.

What is the minimum and maximum amount I can Cash out using Bank Wire Transfer?

For Cash outs made in the currencies EUR, GBP, SEK & DKK, the minimum amount is the equivalent of 10 US$. For Cash outs in US$, the minimum amount is $100. There is no maximum limit to how much you can Cash out via Bank Wire Transfer.

Are there any transfer fees associated with Bank Wire Transfer Cash outs?

We charge a transaction fee of $2.00 for Bank Wire Transfers made in the currencies EUR, GBP, SEK & DKK. For Bank Wire Transfers made in US$, there is a transaction fee of US$ 10.

What information is needed to Cash out via Bank Wire Transfer?

Information required to Cash out via Wire depends on the bank country selected on the Cash out page. You will have to enter details such as your Bank's name, Bank's address, Account number, ABA Routing number/Swift code/Sort code and other details requested on the Cash out page.

What is the average processing time for Cash out using Bank Wire Transfer?

All Cash outs are first approved by our internal review team which approximately takes 24-48 hours. If you are a Pay-Pro Document Verified User, this will take less time. Once the Cash out is processed it takes 2-3 business days for you to receive the funds in your bank account.