Payout Fees
LiquidTrust offers a Wallet that enables businesses to access their available balance, view the complete list of detailed transactions, and elect to make withdrawals to the account of their choice at the time they prefer. For those countries where LiquidTrust is able to perform FX, this allows users to take into consideration current exchange rates and elect to receive payouts in local currencies or USD.
Whenever a business wants to transfer funds to their bank account, they'll initiate a withdrawal from their Wallet.
There will always been an option for a free payout from the Wallet. Additionally, LiquidTrust provides Transfer Guarantee for international USD payouts to ensure that the funds withdrawn from the Wallet are received in full at the destination bank, with no additional intermediary fees withdrawn.
If a business elects to withdraw funds in a method that carries a fee, the fee will be transparently displayed to the user in advance.
How are Payout fees determined?
LiquidTrust fees are based on the Payee's business location and whether or not LiquidTrust has the ability to perform FX in that specific country.
Payout for a business located in the USA
| Bank Account Location | Payout Currency Selected | Details | Payee Fee (per transfer) |
|---|---|---|---|
| USA | USD | $0.00 USD | |
| Bank outside the USA | USD | $15.00 USD | |
| Bank outside the USA | Local Currency (non USD) | A country where we can pay in local currency | $7.00 USD |
Payout for a business located outside USA where LiquidTrust can perform FX and pay in local currency
| Bank Account Location | Currency Selected | Payee Fee (per transfer) |
|---|---|---|
| USA | USD | $0.00 USD |
| Bank outside the USA | Local Currency | $0.00 USD |
| Bank outside the USA | USD | $8.00 USD |
Payout for a business located outside USA where LiquidTrust cannot perform FX and pay in local currency
| Bank Account Location | Currency Selected | Fee (per transfer) |
|---|---|---|
| USA | USD | $0.00 USD |
| Bank outside the USA | Local Currency | $0.00 USD |
| Bank outside the USA | USD | $0.00 USD |
Example
If the business is located in a country outside the USA where LiquidTrust can perform FX, the payout fee will be 0 USD if the business withdraws funds in the local currency.
