FREQUENTLY ASKED QUESTIONS
Transpay is a full-stack international payout platform that makes it easy to send money to any individual or business around the world. Our service replaces the costly bank wires which are time consuming and expensive and full of uncertainty.
All kinds of organizations use Transpay to send payouts either from existing UI’s or through back-end processes. From large crowd sourcing companies who need to pay thousands of freelancers, to e-commerce companies paying vendors/suppliers and new breed of payment acceptance companies looking to settle with merchants directly internationally. We have more experience working with new business models than any other payout provider. However, due to legal and regulatory compliance reasons, we are unable to work with some business types which we can determine after a initial discussion. We are open to discuss possibilities with any company which has a need to pay internationally.
Transpay currently can payout to 100+ countries around the world.
The list of countries is available:
Payout Countries.
Depending on your business and the types of payouts you would like us to process the time to authorize integration is 1 to 2 weeks.
Payout Countries
Anguilla Antigua Argentina
Armenia Anguilla Austria
Azerbaijan Bahrain Bangladesh
Barbados Belarus Belgium
Bolivia Brazil Bulgaria
France Gambia Georgia
Germany Ghana Greece
Guatemala Guinea Guyana
Haiti Honduras Hungary
Iceland India Indonesia
Moldova Morocco Nepal
Netherlands Nicaragua Niger
Netherlands Nicaragua Niger
Nigeria Norway Pakistan
Palestine Panamá Paraguay
Peru Philippines Taiwan
Tajikistan Thailand Togo
Uganda Ukraine United Arab Emirates
United Kingdom Uruguay Venezuela
Vietnam Cameroon Canada
Chile China Colombia
Cyprus Czech Republic Denmark
Dominican Republic Ecuador Egypt
El Salvador Estonia Ethiopia
Finland Ireland Italy
Jamaica Japan Jordan
Kuwait Kyrgyzstan Latvia
Liechtenstein Lithuania Luxembourg
Mali Malta Mauritania
Mexico Poland Portugal
Romania Russia Saudi Arabia
Senegal Sierra Leone Slovakia
Slovenia Spain Sri Lanka
St. Kits & Nevis Sudan Sweden
Transpay has a robust compliance program, with licenses in the US and 50+ jurisdictions internationally.

United States: Transfast is registered as a Money Transfer Business with the Financial Crimes Enforcement Network (FinCEN) and licensed as a money transmitter in 37 U.S. states.

Canada: Transfast is licensed by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in 6 Canadian Provinces.

European Union and Great Britain: Transfast holds license from the European Union and the Financial Services Association (FSA) as an authorized payment institution. Transfast is also licensed by HM Customs and Excise (MLR) in Great Britain.

India: The Central Bank of India authorizes Transfast subsidiaries IGMT and GFE to operate as a money transmitter. Transfast is one of only a select few that owns its India Remittance License.

Philippines: Transfast is licensed as a Money Services Business by the Bangko Sentral ng Pilipinas (BSP)

Mexico: Comision Nacional Bancaria y de Valores

Please contact us to learn more.
We will provide you with a dedicated integration specialist who will assist you with the integration process. Depending on your resources and internal systems a typical API integration can take 2 to 4 weeks and an FTP connection might take up to 2 weeks. We strongly recommend using our API as it eliminates the need to integrate further if additional countries need to be added.
Once we understand your business needs, we will customize a solution and provide pricing. We offer a tiered pricing structure, depending on the number of transactions you would like to process.

Please contact us for further discussion.
We offer our clients easy settlement, straight into a designated trust accounts in the U.S. in U.S. dollars You simply pre-fund this account, and we process the payouts. We may be able to extend credit limits to certain clients, depending on eligibility. We also may allow funding in GBP, EURO, and CAD depending on your needs and business model.

Please contact us for further discussion.
Yes. We will support each payout with a corresponding live FX rate in all countries and currencies we do payouts in. We guarantee the most competitive exchange rate. We manage our own treasury operation and are able to execute transaction at the best rate possible so that you don’t have to rely on banks to provide you with FX rates.

Please contact us for further discussion.
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