Single Payout

Global payout is a core feature of the World Account that allows businesses and e-commerce sellers to send, pay, and withdraw money globally across 210+ countries and territories in 100+ currencies. It serves as a centralized, high-speed payment hub, designed to bypass slow traditional SWIFT bank transfers by utilizing local clearing networks.
As a B2B traders and global e-commerce sellers, you can withdraw cash to your own accounts or make payments to the bank accounts of your global suppliers or business partners in multiple currencies.
Note: You need to add and verify the payee's account first before you can successfully make a payout, regardless whether it's a same-name account or a third-party account. Learn how to add and verify your payee through Beneficiary Management.

Key Benefits:

  • Speed: Payments often arrive within 24 hours for major currencies (USD, GBP, EUR, SGD, AUD, etc.).
  • Cost-Effective: International payments start at low, flat fees ($1–$5), and payments between World Account holders are free.
  • Traceability: End-to-end payment tracking is available to monitor the status of funds.
  • Compliance: Fully compliant with cross-border payment regulations, such as those in China.

How it Works

  • Fund Collection & Holding: Users receive payments from over 100+ marketplaces (e.g., Shopee, TikTok Shop, Amazon) or customers directly into their multi-currency World Account. Funds can be held in over 20 currencies, allowing users to avoid unnecessary currency conversions.
  • Setting Up Beneficiaries: Users create and verify payees (beneficiaries) within the portal, including options for individual, corporate, or same-name bank accounts.
  • Initiating Payments: Payments can be made immediately from the available balance, with competitive FX rates applied if a currency conversion is required.
  • Automation: The function supports automated payments, enabling businesses to set up recurring transfers or define rules for when a minimum balance is reached.
  • Supplier Payments: Users can pay suppliers directly, particularly in China via 1688.com, or make free, instant transfers to other World Account holders.

A single payout transfers money from your balance to one destination. The process differs depending on whether you send funds internally to another member or externally to a bank account.

1. Single Payout to a World Account

This is an internal network transfer. It routes funds instantly to another business using the platform.
  • Step 1: Go to the portal dashboard, navigate to Payments, and click Send & Withdraw.
  • Step 2: Choose Single Payee and select World Account.
  • Step 3: Enter the recipient's World Account receiving ID (must include the "WF" prefix).
  • Step 4: Select your currency, input the transaction amount, and pass Two-Factor Authentication (2FA) to complete.

2. Single Payout to Bank Accounts

This is an external cross-border or domestic bank wire. It transfers funds directly to commercial banking infrastructure.
  • Step 1: Add the recipient as a payee under Payees > Add a new payee > Single Payee.
  • Step 2: Select Your own account (same-name bank withdrawal) or Third-party account (e.g., suppliers/partners).
  • Step 3: Fill in the external banking details (IBAN, SWIFT/BIC, Routing number, or local clearing data).
  • Step 4: Complete the mandatory security compliance verification.
  • Step 5: Define the transfer timeline (send immediately or schedule for a spot/forward contract rate).

Comparison of Payout Methods