Transpay is a global payments service that provides businesses of all sizes with a scalable, secure, and fully compliant cross-border mass payout solution, making it easy to send funds directly to the local bank accounts of vendors, business partners, freelancers or others in over 125 countries.
Transpay is a service from Transfast, a global payments company with more than 30 years of operating history, processing over 8 billion USD in annual payment volumes, with over 700 employees headquartered in New York City and with offices in Mexico, India, UAE and the Philippines, among other locations.
We’ve built a global payout partner network consisting of direct integrations with hundreds of banks and financial institutions across over 125 countries, enabling us to securely, quickly and efficiently make Local Bank Transfers to billions of consumer and business bank accounts.
Transpay’s API Access allows you to securely, quickly and efficiently make mass cross-border payouts directly to the bank accounts of your recipients, or available for cash pickup at local retailers, in over 125 countries.
API Access is best suited for companies doing at least 1 million USD in annual cross-border payment volumes. Businesses using API Access include Upwork (freelancing platform), Careem (ridesharing), Hotel Tonight (hotel bookings) and many more. For companies with lower payout volumes, we offer Web Access service.
We currently support over 125 countries across the Americas, Europe, Asia and Africa, reaching over 95% of bank accounts in these countries and in addition having over 225,000 cash pickup locations at leading retailers and financial institutions. For more details on our payout network, Contact Sales.
Transaction fees are based on payout volumes and destination countries. We offer competitive exchange rates which are shown in real-time, and guaranteed rates at the time of transaction. There are no other fees to either businesses or their recipients. To get a pricing quote for your business, Contact Sales.
Integrating with our REST API typically takes 2-4 weeks, and we have a dedicated integration manager to support you during and after the process. To review our API documentation, please Contact Sales.
Transpay’s Web Access allows you to securely, easily and cost-effectively make cross-border payouts directly to the bank accounts of your recipients in over 60 countries.
Web Access is best suited for companies doing less than 1 million USD in annual cross-border payment volumes and which have a U.S. bank account to fund payments. For companies doing higher payout volumes or who do not have a U.S. bank account, we offer API Access.
We currently support over 60 countries across the Americas, Europe, Asia and Africa, reaching over 95% of bank accounts in these countries. See currently supported countries.
Transfer fees are based on payout amounts and destination countries. We offer competitive exchange rates which are shown in real-time at the time of transfer initiation. There are no other fees to either you or your recipients. Learn more about our FEES and RATES.
Create your free account and provide us with your business information for compliance screening. Once approved, authorize your business bank account for ACH debits to fund your transactions, and you can make transfers of up to 10,000 USD per transaction and 20,000 USD per month by simply providing your recipient’s email address, country, and payout amount. Get started now.
You will need to provide:
Once approved, you can send up to 10,000 USD per transaction and 20,000 USD per month, with higher limits possible upon providing further.
You will receive an email when your profile is approved. If our Compliance team has follow up questions, we may reach out to you. It usually takes 3-5 business days to approve your account.
After your account is approved, you just need to provide your recipient’s email address and the amount to be paid. If your recipient is already registered with Transpay and has provided their bank account information, they will receive their funds between 3-5 days. If they have not registered or have not added their bank account information, they will receive an email prompting them to do so.
The Single Payment option allows you to make one transfer of up to 250 USD without prior account approval, so that you can experience the service without providing all the information required for a full account. To make additional transfers or to make a transfer of more than 250 USD, your account must be approved by providing the required documentation.
You fund your payments by adding your U.S. business bank account information. This can be done instantly with a select number of banks, or manually (by verifying two small deposits made to your account) with any U.S. bank. Funds will then be withdrawn from your bank account for each order, which may consist of one or more individual payments. We currently do not accept credit cards, debit cards, or other forms of payment.
Your recipient will receive funds in their local currency and in USD in select countries. We offer very competitive exchange rates from USD to local currencies and the real-time exchange rate is shown when initiating a transfer.
You can make an unlimited number of payments at one time, up to the account transfer limits. For each transfer, you must provide the recipient email address and amount to be transferred. The total amount will then be deducted from your business bank account.
Your recipient will get an email each time you make a payment. If your recipient has not signed up or added their bank account information, we will prompt them. Once their bank account information is provided, the transfer will be completed.
We make payments to over 95% of all bank accounts in over 60 countries we serve. If we cannot make a transfer to your recipient’s designated account, both you and your recipient will be informed via email, the payment will be cancelled, and all funds for the payment, along with the fee, will be returned.
You will receive an email confirmation when the transfer is completed, and corresponding information will be shown in your account. You can always view the status of your payments, along with payment histories, from your Transaction History page.
The following shows a list of business types that Transpay and its affiliates are prohibited from entering into a formal relationship with: