What is this feature?
Airtm's US Virtual Account is a new feature that allows our users to virtually obtain a US bank address to receive payments from individuals and companies through the ACH network directly to their Airtm account.
What is the purpose of this feature?
Whether you are a contractor receiving payments from a US company, a digital entrepreneur selling products through marketplaces, or a freelancer working on remote job platforms, now with Airtm’s US Virtual Account, forget about the need for digital wallets or traditional bank accounts in the US. Airtm offers you a platform to receive local payments in the US and transfer funds at the real exchange rate of the economy using our P2P network. There’s no need to transfer it from an account under your name!
Who has access to this feature?
Airtm's USA Virtual Account is available in most countries where Airtm provides services, giving users the ability to access a U.S. bank account to facilitate their international transactions. This functionality allows for efficient and secure transfers, catering to the needs of a wide variety of global users. However, there are some countries where this functionality is not available due to local restrictions and regulations. The main countries where Airtm's USA Virtual Account is not operational include:
Afghanistan (AFG), Albania (ALB), Algeria (DZA), Barbados (BRB), Bangladesh (BGD), Belarus (BLR), Bosnia and Herzegovina (BIH), Botswana (BWA), Bhutan (BTN), Burkina Faso (BFA), Burundi (BDI), Cambodia (KHM), Cameroon (CMR), China (CHN), West Bank (PSE), North Korea (PRK), Cuba (CUB), Ecuador (ECU), Eritrea (ERI), Slovenia (SVN), Ethiopia (ETH), Russian Federation (RUS), Gaza Strip (PSE), Gambia (GMB), Grenada (GRD), Guinea (GIN), Guinea-Bissau (GNB), Haiti (HTI), Iran (IRN), Iraq (IRQ), Solomon Islands (SLB), Turks and Caicos Islands (TCA), Jamaica (JAM), Jordan (JOR), Kenya (KEN), Kosovo (XKX), Lebanon (LBN), Liberia (LBR), Libya (LBY), Madagascar (MDG), North Macedonia (MKD), Mali (MLI), Morocco (MAR), Mozambique (MOZ), Myanmar (MMR), Nepal (NPL), Nicaragua (NIC), Niger (NER), Nigeria (NGA), Pakistan (PAK), Qatar (QAT), Central African Republic (CAF), Democratic Republic of the Congo (COD), Western Sahara (ESH), Senegal (SEN), Seychelles (SYC), Somalia (SOM), South Africa (ZAF), Sudan (SDN), South Sudan (SSD), Suriname (SUR), Tanzania (TZA), Togo (TGO), Tonga (TON), Trinidad and Tobago (TTO), Turkey (TUR), Ukraine (UKR), Uganda (UGA), Vanuatu (VUT), Venezuela (VEN), Vietnam (VNM), Yemen (YEM), Zimbabwe (ZWE).
How can I enable this feature?
Visit airtm.com from your computer and click on the “US Virtual Account” menu, accept the terms and conditions, complete the sign-up fee, verify your identity with our provider, who may ask you some additional questions, and prepare to start receiving funds.
What are the fees and limits?
Minimum amount: $5 USD,
Maximum amount: $100,000 USD,
Exchange rate: $1 USD = $1 USDC,
Variable commission: 1.75%,
Crediting time: up to 3-5 business days.
How does the US virtual account work?
The Airtm USA Virtual Account allows you to receive local payments in the United States exclusively through the ACH network, whether from personal or business bank accounts. It is also possible to transfer money from your PayPal account to the virtual account, provided it meets the mentioned requirements. Additionally, you can include the address of your USA virtual account on platforms that make payments through the ACH network, thereby facilitating the receipt of funds from various sources.
What are the maintenance costs?
We have no maintenance costs; you only pay if you use it! The feature has a one-time opening cost of 0 USDC (limited launch promotion). Then, each time you receive payments in your US Virtual Account, a variable fee of 1.75% . These fees will be directly deducted from the funds sent.
What are the restrictions?
The US Virtual Account is available to receive local payments in the US only through the ACH network. Please note that if you want to send funds from your PayPal account, you can only do so if your PayPal account is registered in the United States. During the BETA stage, only payments from bank accounts that are either yours or your registered employer's will be accepted.
Do I get a bank account number, routing number, and IBAN?
Yes, when you open your US Virtual Account at Airtm, you will obtain your account number and routing number. Log into your Airtm account, click on “US Virtual Account,” and you will find the details of your account information.
Which bank is this account with?
Your account corresponds to “Lead Bank.” Additionally, the US Virtual Account service is provided by Bridge Ventures Inc (“Bridge”).
Can I use the details of my US Virtual Account at Airtm to make payments and have them deducted from my Airtm balance?
At the moment, it is not possible to make payments with your US Virtual Account. We will soon launch this functionality. You can use your account to receive payments from companies through the ACH network.
From which platforms can I transfer to my US Virtual Account at Airtm?
You can transfer from any platform that allows transfers to US bank accounts.
Can I transfer from Deel to my US Virtual Account at Airtm?
Yes, you can transfer from Deel to your US Virtual Account at Airtm.
Can I transfer from Payoneer to my US Virtual Account at Airtm?
Yes, you can transfer from Payoneer to your US Virtual Account at Airtm.
Can I transfer from PayPal to my US Virtual Account at Airtm?
Yes, you can transfer from PayPal to your US Virtual Account at Airtm.
Can I transfer from Ontop to my US Virtual Account at Airtm?
Yes, you can transfer from Ontop to your US Virtual Account at Airtm.
Can I transfer from Airbnb to my US Virtual Account at Airtm?
Yes, you can transfer from Airbnb to your US Virtual Account at Airtm.
Can I transfer from Workana to my US Virtual Account at Airtm?
Yes, you can transfer from Workana to your US Virtual Account at Airtm.
Can I transfer from Wise to my US Virtual Account at Airtm?
Yes, you can transfer from Wise to your US Virtual Account at Airtm.
Can I transfer from Upwork to my US Virtual Account at Airtm?
Yes, you can transfer from Upwork to your US Virtual Account at Airtm.
Can I transfer from YouTube to my US Virtual Account at Airtm?
Yes, you can transfer from YouTube to your US Virtual Account at Airtm.