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Otávio Banffy

Smartcat's Local Bank Transfers & Other Payment Options

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Smartcat has a multitude of payment options. Considering its global nature, we need special and specific rules for each and every country. Not every option is always available, but we do our best to make it easy on your end.

Thankfully, we were able to introduce yet another interesting option for payments - local bank transfers - in the following regions:

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Argentina, Brazil, EU Countries, Hong Kong, Indonesia, Japan and Thailand.

Specific information for each region can be found in the Help Center - Payout Options.

Local bank transfers are typically hassle-free and also involve fewer fees than your usual PayPal option.

Here's an example of the information you need to get started with this method:

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Currency: Japanese Yen (JPY)

Fees: 600 JPY on payouts not exceeding 30 000 JPY

Processing time: Up to 5 business days on Smartcat’s side and up to 2 business days on the bank’s side

Required details:

  • Full name written in Katakana as stated in your local bank account
  • Local account number (4–7 digits)
  • Account type: 普通 (Futsuu) Current/General type, 貯蓄 (Chochiku) Savings type or 当座 (Touza) Checking type
  • Bank name in English, Katakana or Kanji
  • Bank branch in English, Katakana or Kanji

How to choose: Send your details to payments@smartcat.ai

 

You just need to gather that information (easier than with international wire transfers, I might add) and send it to payments@smartcat.ai and they'll get it sorted for you.

An important note: by opting for Local Bank Transfers you won't be able to choose any other method for payments, you'll have to receive every payment in that bank account until you either change the bank itself or choose to delete that information and pick another option from the ones regularly available. Keep your heads up for future updates on this.

For other countries, you also have your typical three main methods: PayPal, Visa/Mastercard, and International Wire Transfers. Find out more about it here. As mentioned, not every option is available to every country. You can learn more about the limitations here.

Alternatively, you may also use a Smartcat Pre-paid Mastercard card.
Smartcat Mastercard is a debit card you can use for making online and offline purchases or withdrawing cash from any ATM worldwide where the “MasterCard”, “Maestro” or “Cirrus” marks are displayed. Quite an interesting feature, might be the best alternative for you. Fee-free. :P

Learn how to order yours here, if you are interested.

How happy are you with this addition?  : D

 

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