RedotPay Expands Multi-Market Payouts
Send Crypto, Receive Local Currency: RedotPay Expands Multi-Market Payout Feature
RedotPay has broadened its Multi-Market Payout coverage so you can fund with crypto (often stablecoins) and deliver local currency to recipients via supported bank rails. You’ll see live FX, transparent fees, and an ETA before you confirm—ideal for remittances, contractor payroll, vendor invoices, and creator payouts.
Availability, corridors, and limits vary by region and account tier. Always confirm in-app.
What’s New
- More corridors: Additional countries and local rails for fiat delivery.
- Clearer quotes: Pre-trade screen shows FX rate, fees, and estimated arrival.
- Faster settlement windows: Optimized routing for popular corridors.
- Better reconciliation: Memos/tags, reference IDs, and downloadable CSV statements.
- Compliance-by-design: KYC/KYB, sanctions screening, and risk controls baked in.
How It Works
- Fund your RedotPay balance (commonly USDT/USDC on a low-fee network).
- Pick a corridor (destination country + currency).
- Enter recipient details (legal name as on bank record, account/rail data, local tax IDs if required).
- Review the live quote—FX, fees, ETA—then confirm with passkey/2FA.
- Track the Multi-Market Payout in Activity; download receipts for your books.
Pro tip: Keep transport on a low-fee chain and convert at the edge (right before Multi-Market Payout) to reduce total cost.
Top Use Cases
- Family remittances: Predictable, low-friction deliveries to local accounts.
- Contractor & creator payroll: Weekly or milestone payouts with memos (invoice #, project).
- Vendors & suppliers: Pay invoices in the recipient’s operating currency.
- Marketplace settlements: Split earnings across countries without waiting for slow wires.
- Treasury mobility: Park funds in stablecoins, deploy to markets when bills come due.
Fees, FX & Timing
- Network fee: Minimal if you move value on low-fee rails.
- FX spread: Shown upfront; typically the biggest driver on fiat payouts.
- Payout fee: Corridor-specific; displayed before you confirm.
- Timing: Often minutes to same-day on popular routes; compliance reviews may add time.
Safety & Compliance Checklist
- Complete KYC/KYB for limits and corridor access.
- Match names exactly to the recipient’s bank record; include required IDs.
- Passkeys + alerts: phishing-resistant approvals and instant notifications.
- Whitelist recipients and test small the first time.
- Keep receipts, memos, and monthly CSVs for accounting and tax.
Playbooks
Freelancer/Agency Payouts
- Hold treasury in stablecoins → batch payouts on Fridays → memos (INV-#### / project) → export CSV monthly.
Vendor Invoices
- Save vendors to Contacts (bank details + tags like MX-SPEI, BR-PIX) → schedule payments for business hours to reduce friction.
Family Support
- Small test → whitelist → set a reminder cadence → track status with alerts.
FAQs
Which countries and currencies are supported?
Coverage is corridor-specific and updates over time. Check the in-app payout list for your tier.
Do I need USDT/USDC?
Stablecoins are common for predictable transport and speed, but check the in-app asset list.
Can businesses use Multi-Market Payouts?
Yes—KYB accounts can batch disbursements, tag transactions, and export statements.
Does this affect my card limits?
No—card/BIN limits are separate from payout corridor limits.
What if I enter the wrong recipient data?
On-chain and local transfers can be final. Contact support immediately; successful reversals aren’t guaranteed.
