Today’s world is well connected, both small and medium-size business owners now sell their goods in online marketplaces.
A lot of online vendors who are well-versed in marketing actually make good sales online. However, getting paid sometimes seems to be quite a challenge. Business owners want an easy platform that could allow them receive money from customers irrespective of where they are.
Aside from business owners; remote worker, freelance writers and contractors also depend on a reliable platform for receiving or sending payments in any local currency.
That’s why a good payment platform plays an important role in managing international payments.
Furthermore, different countries have different rules on money management. Bank charges can be outrageous for multiple transactions. They tend to charge more fees for multiple payment transactions, leaving the business owner with limited funds.
For instance, a corporate organization with hundreds of remote workers in many countries usually faces payment challenges every month. Using the regular bank to make multiple payments costs more. It also takes days to complete payments to all workers, which makes it slow. Sometimes, extra charges may apply. But online payment platforms doesn’t take days to make multiple transactions and fees are often low.
Additionally, tax payments in different countries vary and are sometimes high. But with excellent payment platforms, tax payments can be easily handled.
However, with global payment platforms like Hyperwallet, corporate organizations including small and medium-size businesses can easily make and receive payments worldwide.
Hyperwallet has an easy-to-use dashboard that integrates all payment processing. With one click, business owners can send payment to many recipients at a time.
With the use of local banking networks, payments are able to reach the destination country faster than through regular banks. This also depends entirely on the location and the payment method.
Beyond fastness, these payment platform can handle:
- Currency Conversion: These platforms can convert payments into the recipient’s local currency. This exchange is transparent with lower fees, often compared to banks.
- Compliance and Security: Tax rules and individual country money transactions policies are done accordingly to prevent penalties.
- Payment Options: It offers different ways recipients could receive money. This gives them many payment options to choose based on convenience and availability.
For many businesses, this method saves time and effort in computing payment lists. It also lowers the risk of payment errors and gives better experience to sellers and corporate bodies.
Moreover, companies can access sell services in new markets and new talented workers in different locations without worrying about how to make payments to those regions.
What is Hyperwallet?
Hyperwallet is an international payment platform. It let’s people, business owners and companies send money to Hyperwallet Supported Countries.
With Hyperwallet, users can send, receive, store and withdraw funds.
Many companies use Hyperwallet to pay employees in different countries.
Hyperwallet accepts and sends money in many currencies and various ways like bank transfers, mobile wallets and card payments.
Recipients can use banks or ATMs to access their payments.
Hyperwallet can easily handle individual country taxes and bank rules, so businesses don’t have to get involved.
In addition, a lot of companies including online businesses, uses Hyperwallet payment services to pay lots of people faster and safely.
Nevertheless, Hyperwallet makes world wide payments reach its destination easily. Companies can reach out to many workers faster. Cooperate entities can partner with skilled workers worldwide and pay them effortlessly.
How Hyperwallet Works
- To start with, any company or corporate organization that wants to use this platform must signs up and creates a Hyperwallet account for sending payments.
- Next, the company or business owner adds all recipients’ details for receiving payments. It could be a remote worker, freelance writer or a seller.
- Recipients will choose their preferred method of payment through PayPal, bank transfer, card, or mobile wallet.
- The company sends money through Hyperwallet to the recipients’ chosen method.
- Recipient gets their funds in their local currency. They can withdraw cash, or use the money online.
- Both company and recipients can track payments. They can see payment history through Hyperwallet dashboard. They can also sort out issues on the platform is there’s any.
List of Hyperwallet Supported Countries
Below are the list of Hyperwallet supported countries:
- Africa: Egypt, Eritrea, Ethiopia, Gabon, Gambia, Guinea, Guinea‑Bissau, Kenya, Lesotho, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Chad,
Comoros, Côte d’Ivoire, Democratic Republic of the Congo, Djibouti,
Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda,
Saint Helena, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Swaziland, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe.
- Asia: Armenia, Australia, Bahrain, Bangladesh, Bhutan, Brunei, Cambodia, China,
Cook Islands, Singapore, Solomon Islands, South Korea, Sri Lanka, Taiwan,Tajikistan,
Thailand, Tonga, Turkmenistan, Tuvalu, United Arab Emirates, Vanuatu, Vietnam, Wallis and Futuna, Yemen,Fiji, French Polynesia, Hong Kong SAR,
India, Indonesia, Israel, Japan, Jordan, Kazakhstan, Kiribati, Kuwait, Kyrgyzstan,
Laos, Malaysia, Maldives, Marshall Islands, Micronesia, Mongolia, Nauru,
Nepal, New Caledonia, New Zealand, Niue, Norfolk Island, Oman, Pakistan, Palau,
Papua New Guinea,Philippines, Pitcairn Islands, Qatar, Samoa and Saudi Arabia.
- Europe: Albania, Andorra, Austria, Azerbaijan, Belarus, Belgium, Bosnia and
Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia,
Faroe Islands, Finland, France, Georgia, Germany, Greece, Hungary, Iceland,
Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, North Macedonia,
Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal,
Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Svalbard
and Jan Mayen, Sweden, Switzerland, Ukraine, United Kingdom and Vatican City.
- North: America: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas,
Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Canada,
Cayman Islands, Chile, Colombia, Costa Rica, Dominica, Dominican Republic,
Ecuador, El Salvador, Falkland Islands, Greenland, Grenada, Guatemala, GuyanaHonduras, Jamaica, Mexico, Montserrat, Netherlands Antilles, Nicaragua, Panama,
Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Pierre and Miquelon,
Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos, United States, Uruguay and Venezuela.
List of Hyperwallet Supported States in the USA
Hyperwallet is a service by PayPal. It can be used by companies to sends money to recipients within and outside the United States. It works in all 50 states and some U.S territories like US Virgin Islands, Puerto Rico and Guam. Hyperwallet has all the legal requirements to send money in the U.S.
United States users can receive money through Venmo, PayPal or bank.
Hyperwallet Alternatives:
- Deel
- Tipalti
- Remote
- MoneyGram
- Wise Business
- Payoneer
- Neteller
- Trolley
Conclusion
Hyperwallet supported countries can send and receive payments through this pltform.
Hyperwallet supports over 150 foreign currencies. It also offers few payment options like mobile wallet, bank transfers and card.
Companies use it to pay employees, remote workers in different countries, vendors and freelancers.
Furthermore, tax payment in Hyperwallet available countries are handled easily.
Finally, Hyperwallet is an excellent payment platform for sending money internationally. However, check if it works in your country or you can check for other available options if you’re not in Hyperwallet’s supported countries list.