Exciting news! We are going to soft launch a new withdrawal system called "Hyperwallet". This service is associated with the PayPal brand and is a local bank solution that will provide clients with much cheaper and faster bank wire payments across multiple currencies.
This solution will eventually get us to the point where clients can request withdrawals in their local currency and should ideally receive it much faster than going through a traditional bank wire/SWIFT transfer in the hub.
The first markets that we are releasing this service to are the following countries:
Germany
Austria
Italy
Greece
The reason we have chosen these countries is that transfers to EU countries will take place through SEPA rather than SWIFT. This means that once processed by Hyperwallet the funds should be within the client's account within 1-3 days. We will be focusing on rolling out this new withdrawal method to parts of the EU first before we start moving into other markets.
If a client reaches out regarding wanting to do a SEPA withdrawal, please direct them towards Hyperwallet. If a client contacts you with any type of issue they have experienced, please make sure to let us know.
We will keep you posted on any other new markets that we are rolling this out to in the meantime.