ant to get paid by your clients in local currency like USD, EUR or GBP? Request Finance lets you create invoices that your clients can pay directly via bank transfer on various local payment networks, like ACH, Fedwire, SEPA and more.
Receive local currency payments with a Request Business Account
With a Request Business Account, you can receive USD, EUR and other currencies from your clients into a single account. You can then move the funds to your wallet or a bank account (→ Request Business Account overview).
How to get paid in local currency
Send an invoice payable to your Request Business Account
To receive funds in USD, EUR and other currency from your clients into your Request Business Account, follow the steps below:
Enter your customer details
Select the Invoice Currency. For instance, you can denominate your invoice in a local currency such as USD, GBP, EUR or more. For example, select USD as the invoice currency.
Under Payment Method, select Fiat for fiat deposits. For instance, to receive USD via the ACH network from your customer to your Request Business Account, simply select Fiat.
Under Receive To, select the Request Business Account
Add the remaining details of your invoice
Click Create & Send to send the invoice to your client. Your client will be provided with the virtual bank account details to pay to on the invoice itself.
Good to know: You don’t need a bank account to receive payments in local currency, the Request Business Account provides it for you.
Receive the bank transfer in your Request Business Account
Once you client pays your invoice, the funds are automatically deposited in the Request Business Account and you will be notified via email
The funds available in your account are displayed in USD and shown on your dashboard
The invoice will update to Paid automatically provided your customer entered a reference displayed to them while paying. If not, you can always manually mark the invoice as paid to record their payment
Move funds from the Request Business Account to your wallet (or bank account)
To cash out funds you received from your clients to your wallet (or bank account) follow the steps below:
Go to the Dashboard
Click on Send Funds next to your Request Business Account
Enter your own details as Recipient and Payment Method
Enter an Amount
Click Pay Now and pay using your Request Business Account
Good to know: your funds are converted to the stablecoin you picked when setting up the payment. All you need to do is send the payment.