All Collections
Receiving Payments through Local Bank Transfer
Receiving Payments through Local Bank Transfer

Learn how to easily receive payments in local currency

Ana M avatar
Written by Ana M
Updated over a week ago

Thanks to Hyperwallet, a global payment platform, you can now withdraw earnings in your local currency using Local Bank Transfer.

❗ Note that this payment option is available in 40+ countries, the full list of which you may find here.

Some of the peculiarities of Local Bank Transfers are:

  • minimum payout sum is $50

  • fee is $7 + exchange rate

  • payout delivery takes 1-3 days.

Setting up Local Bank Transfer as your preferred payment system

1. Open the Payment information page and navigate to the Country field. Pick your country from the list.

2. Next, choose currency: it depends on the country you've previously selected.

3. In the Preferred paysystem field, pick Local Bank Transfer (Hyperwallet) from the dropdown.

* You won't see this payment system if it is not supported in your country.

❗️ Note that once you select Local Bank Transfer (Hyperwallet) as your payment method, you'll be able to use regular payment options only (meaning no crypto will be available). More info here.

4. Now choose the type of your bank account: Individual or Legal entity. The following fields will depend on which type of account you picked.

5. Make sure the Minimal amount field contains $50.

6. Fill in the rest of the required fields.

Please note that you’ll be able to do so only after you reach the minimum payout sum:

When you reach it, fill in the following payment fields:

  • For the Individual account type, these will be:

    • First Name (type your Middle name here as well if it's mentioned in your passport / national ID);

    • Last Name;

    • Date of Birth*;

    • Address Line;

    • City;

    • State / Province;

    • Postal (zip) code.

* Ensure you entered your birthdate in the required format "yyyy-mm-dd” (e.g., “1984-02-11”)

  • For the Legal entity account type, the fields will be:

    • Company Name;

    • Address Line;

    • City;

    • State / Province;

    • Postal (zip) code.

7. Click the 'Save' button.

8. Adsterra will ask you to update the string (a secret key) to confirm changes in your payment information.

Please go to your inbox and find the Profile update confirmation email with a unique string of characters. Copy and paste it into the 'Update string' field in your account.

* Remember to look in the Trash or Spam folders if you can't find the email.

9. Click the 'Save' button again.

Linking your bank account to Hyperwallet

After you’ve filled in the payment fields on the Payment information page, a pop-up will appear. Please enter your bank account details there to link your account to Hyperwallet.

Once done, recheck all details and click 'Submit'. Generally, Hyperwallet approves your request almost immediately.

Changing your bank account details

If you need to change your bank account details, navigate to the Payment information page and click the Resubmit Hyperwallet data link.

A pop-up will inform you that all data you entered before will be deleted if you proceed. If you want to update the data, choose OK. If you clicked by mistake, click Cancel.

❗️ Note that you are allowed to re-submit your Local Bank Transfer data not more than 10 times. If you exceed this number, your Hyperwallet account will be suspended.

Receiving payments through Local Bank Transfer

To start getting payments through Local Bank Transfer, you need to go through the KYC or KYB process by providing us with the identification documents. KYC process is for individuals, while KYB is for legal entities.

You may find detailed guides on passing KYC and KYB by the following links:

Did this answer your question?