Payouts Settings

Change your withdrawal account.

Here you can change your IBAN for withdrawals or specify a withdrawal account for foreign currencies.

QR-Ibans cannot be used. Each QR-Iban also has a ''normal'' IBAN. We ask you to pick out the ''normal'' IBAN and enter it.

Bank accounts

Payrexx allows payouts in the following four currencies. Payout accounts are only allowed if the currency of the account and the country of the bank match. The following combinations are possible:

• CHF accounts: Switzerland, Liechtenstein

• EUR accounts: Austria, Belgium, Bulgaria, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, United Kingdom, Gibraltar, Greece, Croatia, Hungary, Ireland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

• USD accounts: United States, Switzerland

• GBP Accounts: United Kingdom, Gibraltar

Please note that additional fees may apply for withdrawals.

Multiple accounts

By using multiple settlement currencies, you as a merchant:can save in conversion costs when offering your products and services in countries that use a different currency than your local one.

It is not possible to deposit multiple accounts with the same currency.

Conversion

Transactions in currencies without a payout account are converted to the default currency and paid out to the corresponding account.

The conversion is done at the respective daily exchange rate with a conversion fee of 2%.