Running a remote team has its perks. From access to a global talent pool to reduced overhead cost, it looks straightforward on paper. It is looks interesting when the developers in Lagos, designers in Cape Town, content marketers in Nairobi, and operations in Accra now work for clients in the US, Europe, and the Middle East. But it is not as easy as it seems, particularly for African teams. The team is distributed across the continent, your clients are international, and communication gaps can occur. On the money side, there can be problems too. You are:
Paying team members in multiple local currencies.
Receiving client payments in USD, GBP, or EUR.
Managing payments for software subscriptions, ads, and vendors in different currencies.
All the while, you also have to struggle with a traditional banking infrastructure that might not be optimised for managing international payments.
With all of these in play, the success of many African remote teams depends on having the right business account to support cross-border payments. It improves your cash flow processes, your team’s experience, and reduces the fees and conversion markups you lose on every transaction.
This article highlights the best business accounts for remote teams in Africa and how to set up a business account that works.
Why do remote African teams need business accounts?
A global business account helps remote African teams manage their finances better. They can better:
Receive client payments in USD, GBP, or EUR without significant deductions.
Pay team members and contractors in their local currencies across multiple African countries.
Manage team expenses across Africa with foreign currency cards
Convert currencies at transparent, competitive rates
Integrate with accounting software for reporting and reconciliation.
Operate without requiring a physical bank visit, excessive documentation, or a minimum balance that ties up working capital.
No single platform does all of this perfectly. Most remote teams end up with two or three tools that together cover the full scope. Understanding what each platform does well makes those combination decisions easier.
Best business accounts for remote teams in Africa
Managing international payments is not one-size-fits-all. Each payment option has its pros and cons, and understanding how each works will help you choose the option that is most suitable for your financial operation and team structure. In no particular order, these are some of the best business accounts for remote teams in Africa.
Wise Business
Wise Business offers multi-currency accounts, batch payment capability, and international cards that can be issued to individual team members with spending controls. The platform uses the mid-market exchange rate and charges a transparent, upfront fee on every conversion.
Key features of Wise Business for African teams include:
Local bank details: Receive funds in major currencies (USD, GBP, & EUR) without high intermediary bank fees.
Regional support: Direct transfers to M-PESA wallets in Kenya and competitive rates for South African Rand (ZAR).
Multi-currency wallet: Hold balances in ZAR, MAD, and other currencies alongside major international currencies.
Business tools: Issue employee expense cards, sync with accounting software (Xero, QuickBooks), and manage bulk payments.
Team cards: Issue physical and digital expense cards for team members, with customisable access controls.
Batch payments: Allow business users to send up to 1,000 payments simultaneously by uploading a single spreadsheet file. This feature is designed for businesses that manage international payroll, pay multiple suppliers, or handle recurring invoices across different currencies.
Wise Business doesn’t charge a monthly fee, but it does have a one-time setup fee that varies by region. A conversion fee of approximately 0.4% to 1.5% on most currency pairs, applied at the mid-market rate. There is a volume discount for monthly transfers over $25,000.
Here is how to open a Wise Business account:
Register for a Wise account and select “Business”.
Get verified by providing identification and business registration documents.
Pay a one-time activation fee, which varies by region.
Activate the specific currency accounts you will be managing.
Wise Business is great for teams with high-volume international transfers across multiple currencies who want transparent, mid-market rate conversions and batch payment capabilities. However, it has limited functionality in certain African countries. It is a good idea to check whether it works in your country and supports payouts in your desired currency before proceeding.
Payoneer Business
Payoneer’s business account is one way to manage multiple currencies and integrations with global marketplaces and freelancing platforms. This makes it particularly suited to teams whose revenue comes from platforms such as Amazon, Upwork, or Fiverr. It supports payments to contractors in over 200 countries and allows batch payouts to multiple recipients.
Here are the key features:
Local receiving accounts: Get dedicated account details for major markets (including the US, UK, EU, Japan, Canada, and Australia) to receive payments from clients as if you had a local bank account.
Marketplace integrations: Connect directly to over 2,000 marketplaces and platforms, including Amazon, eBay, Upwork, Fiverr, and Airbnb.
Payoneer checkout: Accept credit card payments directly on your own website (supporting Shopify and WooCommerce) with 0% currency conversion fees for USD and EUR.
Billing and invoicing: Use an integrated free invoice builder to request payments from clients via credit card, ACH bank debit, or local bank transfer.
Payoneer commercial card: Access funds via physical or virtual Mastercards to pay for business expenses, such as digital advertising, or to withdraw cash at ATMs.
Working Capital: Eligible businesses can apply for a Capital Advance of up to 140% of their monthly revenue, based on their payment history.
If a significant portion of your team’s revenue comes from platforms that support Payoneer as a payout method, it should be a strong consideration for managing your finances as a remote African team. However, conversion margins of 2% to 3% on the exchange rate might obscure the true transaction cost.
Raenest
Raenest provides multi-currency accounts in USD, GBP, and EUR to users across Africa. The payment platform offers a transparent fee structure. ACH deposits incur a 0.35% fee capped at $30. Raenest charges conversion fees of 0.4% to 1% for business transactions. The cost is usually capped and depends on the currency corridor. The platform supports transaction limits of up to $60,000 per month for fully verified accounts, making it more practical for agencies and teams operating at scale than platforms with lower caps.
Raenest offers:
Multi-currency accounts: Open business checking accounts in USD, GBP, and EUR to receive payments from international clients
Local currency support: Supports transfers in Nigerian Naira (NGN), Kenyan Shillings (KES), Egyptian Pound (EGP), Rwandan Franc (RWF), Central African CFA franc (XAF), and Ugandan Shilling (UGX)
Corporate cards: Create virtual and physical USD cards to pay for business tools, subscriptions, and global advertising (e.g., Google or Facebook Ads).
Stablecoin support: You can receive payments in USDT and USDC, which are automatically converted to USD at a 1:1 value to avoid traditional banking delays.
Smart invoicing: Generate professional invoices with automated VAT calculations and payment reconciliation.
Grey Business
Grey Business accounts are specifically designed to help African companies, startups, and agencies manage remote teams by streamlining international payroll and expense management across 170+ countries. Grey makes the list as one of the best business accounts for African remote teams for many reasons, including:
Bulk payments: Pay your entire team at once by uploading a CSV file to the Grey Business dashboard. You can pay into bank accounts or mobile money wallets globally.
International corporate accounts: African teams can open dedicated business accounts in USD, GBP, and EUR to receive client payments, pay salaries and vendors.
Manage team expenses: Users can issue multiple virtual debit cards to team members, whether a programmer is paying for software subscriptions or the digital marketing team is paying for an ad. With "Smart Approvals," you can manage and control expenses to avoid overspending.
Stablecoin support: Send and receive payments via USDC, providing an alternative for teams in regions with volatile local currencies.
Branded invoicing: Grey allows you to generate professional invoices and track them to ensure your business gets paid on time.
Cost efficiency: Grey is considerably cheaper than traditional banks. Currency conversion fee is 1% and capped at $6.
Grey is well-regulated by global authorities such as FinCEN (United States) and FINTRAC (Canada), and well-secured to protect your business data and finances.
This payment solution is designed for global businesses managing cross-border payments. Airwallex:
Supports multi-currency accounts in over 23 currencies
Issues virtual and physical team cards
Integrates directly with accounting software, including Xero and QuickBooks.
Handles expense management, reporting, and accounting reconciliation.
Supports batch payments and API integrations
Airwallex’s FX rates are competitive, usually within 0.5% to 1% of the mid-market rate for major currency pairs.
Airwallex may have limitations in certain African countries and requires businesses to be registered before creating an account.
Deel
Deel is not a traditional business bank account, strictly speaking, but it works well for African remote teams. It is a contractor management and international payroll platform that handles the international payments chain from an employer to a team distributed across different countries and currencies. The platform also handles local compliance, documentation, conversions, agreements, and local currency payouts. It streamlines global payments and team management by offering:
Diverse withdrawal options: Workers can receive funds via local bank transfers, mobile wallets, or international platforms such as PayPal, Wise, and Payoneer.
Local currency support: Deel enables payments in over 200 currencies, helping teams reduce high currency conversion fees.
Compliance and legal support: Helps companies operate in other countries without local offices by acting as an Employer of Record (EOR), handling local taxes, social security, and labour law requirements.
Integrated HR tools: Offer HR tools to simplify administrative tasks for both the employer and the remote worker.
If you are managing finances across a diverse team across Africa, all you have to do is to pay Deel in USD or your base currency. Deel converts and distributes to each team member through local payout methods in their country.
Deel includes a conversion spread that may not be transparent enough to show the conversion loss. This might be up to 2%, and can add up over months.
How the platforms compare
Choosing the right payment solution for your team
Most remote teams operating from Africa do not run their entire financial operation through a single platform. The more practical approach is to identify the two or three tools that together cover your specific combination of needs.
A common setup for a small African agency billing international clients looks like this:
A multi-currency receiving account (Grey or Geegpay) for inbound client payments in USD, GBP, and EUR, with the team’s expense card for international software and ad spend.
Wise Business or Airwallex for batch payments to contractors across multiple countries, taking advantage of the batch payment functionality and accounting integrations.
Deel for any contractor relationships that require formal compliance documentation, particularly in markets where local labour regulations make a Deel contract more appropriate than a direct bank transfer.
Your choice should consider where your clients and team members are, how formally incorporated your business is, your payment needs, and how much volume you are processing. Understanding these factors provides a clearer picture and helps you make an informed decision.
Manage your team’s international finances with Grey
Grey gives remote teams across Africa virtual USD, GBP, and EUR accounts with real foreign banking details, a multi-currency Visa card that draws directly from available balances across currencies, and a straightforward withdrawal to local bank accounts across the continent.
The Grey Virtual Card, a virtual Visa card, connects directly to available Grey balances across USD, EUR, GBP, and NGN. When a team member pays for AWS cloud hosting, renews a Figma subscription, or settles a Facebook Ads invoice, the card automatically draws from the relevant currency balance, without a manual top-up. Multiple cards can be created for different spending categories, each with its own limit. Built-in 3D Secure authentication requires cardholder verification for each transaction, reducing the risk of unauthorised charges going undetected on a shared team account. The card supports Apple Pay and Google Pay in eligible regions.
Managing an African remote team is better when you can receive international payments in various currencies and pay your team members across Africa. Sign up on Grey and download the app today to manage cross-border payments for your remote team with freedom.
As digital payment solutions compete to connect countries across currencies by simplifying international payments, choosing an option becomes trickier. So, when Monieworld entered the game in April 2025, the platform expectedly made its mark in simplifying remittances from the UK to Nigeria.
Choosing the right cross-border payment platform can be a game-changer for individuals and businesses who deal with multiple currencies, international clients, or subscription-based services. Monieworld, Juicyway, Cleva and Grey are four widely recommended options for global payments.
This article evaluates these popular platforms across key considerations such as account features, virtual card availability, exchange rates, ease of use, transfer reliability, security, and customer support.
Grey is a fintech platform that provides financial services for individuals and businesses globally. It benefits those who need to manage money across borders and in multiple currencies. It offers services like opening foreign currency accounts, sending and receiving international payments, and providing virtual USD debit cards. It makes it easier for users to receive payments from clients overseas, shop on international websites, and manage finances while travelling.
Features:
Multi-currency virtual accounts: USD, GBP, EUR
Ideal for freelancers, remote workers, and digital nomads
Versatile virtual USD cards for global transactions
Monieworld is an international payment platform recently introduced by Moniepoint Inc. for UK residents. The solution focuses on facilitating remittances from the UK to Nigeria. It simplifies GBP transfers to Nigeria with quick processing and at a competitive conversion rate. Monieworld offers a transparent fee structure with a user-friendly web interface, allowing straightforward transactions.
Unfortunately, Monieworld is currently restricted to UK-to-Nigeria transactions and doesn’t offer a multi-currency account or conversion to other currencies. It also does not provide a dollar card.
Features:
Competitive conversion rates
Transparent fee structure
User-friendly web interface
Compliant with UK financial regulations
Limitations:
Only supports UK to Nigeria transactions
No multi-currency account
No USD card available
Juicyway
Juicyway is emerging as a reliable platform for cross-border payments that focuses on connecting Africa with the global economy. The platform is designed to be user-friendly, with a simple app and a streamlined international transaction process. Transactions are processed quickly, and the fees are transparent. Users can set their preferred exchange rate with limit orders, giving them more control over transactions.
Features:
User-friendly app for cross-border transactions
Transparent fees and quick processing
Multi-currency accounts (USD, NGN, CAD, GBP, EUR)
Supports USD payments through linked US bank accounts
Offers fiat-to-crypto and crypto-to-fiat conversions using real-time rates
Seamless and intuitive user experience
Supports online and offline payments
Instant currency conversion and fast payouts
Limitations:
Limited currency support
No physical dollar card
Cleva
Cleva is a platform that enables African individuals and businesses to receive international payments in US dollars (USD) and manage their USD accounts. It essentially provides a way for Africans to access banking services, specifically in USD, without needing a US residency or a US bank account. The Cleva Card is a virtual USD card designed to facilitate online purchases and subscriptions, providing a convenient way to spend USD without needing physical cards or a traditional US bank account.
Features
Virtual USD account for holding and managing dollars
Instant issuance of virtual USD cards suited for online subscriptions and purchases
Low fees and competitive rates
Accessible via app and web
24/7 account management
Fast withdrawals to Nigerian bank accounts
Real-time alerts and encryption
Limitations:
Only supports USD accounts (no GBP or EUR)
No support for receiving funds in other currencies
Monieworld, Juicyway, Cleva and Grey are remarkable global payment platforms with transparent fee structures and swift processing. However, choosing the best platform depends on your intended use, whether that’s freelancing, international shopping, studying abroad, or running a global business.
Grey is a robust fintech solution that offers competitive rates, fast withdrawals, and value-added tools like invoicing and a virtual dollar card. Unlike many other popular payment tools, Grey allows users to open USD, GBP, and EUR accounts within minutes and supports exchange across multiple currencies.
Owning a US bank account as a non-US resident gives you valuable financial flexibility. Whether you’re managing international business transactions, receiving payments from US clients, avoiding high currency conversion fees, or simply looking to build financial history in the United States, having access to a US bank account can be a smart move.
However, opening a US bank account as a non-resident can be cumbersome and often unsuccessful if you don’t know the proper steps or documents to provide. In this article, we’ll walk you through what you need to open a US bank account at a major bank and introduce you to a more accessible digital alternative for non-residents.
Requirements for opening a US bank account at major banks as a non-US resident
Most traditional US banks, such as Bank of America, Chase, and Wells Fargo, require in-person applications for new accounts, especially for non-residents. These banks typically don’t allow you to open an account online without a US Social Security Number (SSN) or a valid US address. If you’re still determined to open an account at a major bank, you’ll generally need the following:
Proof of US address: This is often a non-negotiable requirement. Some banks accept lease agreements, recent utility bills, or official mail addressed to you in the United States.
Proof of foreign address: You may also be required to provide a document showing your residential address in your home country, such as a utility bill or bank statement.
Valid government-issued ID: A passport is the most widely accepted form of identification. A second form of ID, like a national identity card or foreign driver’s license, may sometimes be required.
Tax Identification Number (TIN): An Individual Taxpayer Identification Number (ITIN) may be necessary if you don’t have a US Social Security Number. Some banks may accept a foreign tax identification number, but this varies.
Debit or credit card from your home country: This may be used to verify identity or fund your initial deposit.
Initial deposit: US banks often require a minimum deposit, ranging from $25 to $500, depending on the institution.
Opening a bank account as a non-resident is not impossible, but it requires preparation. Here are some tips to help you navigate the process more effectively:
Contact the bank directly: Requirements vary by bank and branch. Call ahead or visit the bank’s website to confirm what documents are needed and whether they accept applications from non-residents.
Be prepared for in-person verification: Most major US banks require you to visit a branch in person to complete the account opening process. Remote applications are rarely approved for non-residents.
Bring original documents: Copies or scans may not be accepted. Always bring original documents or certified copies when applying in person.
Consider international or multi-currency accounts: If opening a traditional US bank account proves too complex, consider alternatives such as multi-currency digital wallets or international banking platforms catering to non-residents.
Opening a U.S. bank account as a non-U.S. resident with Grey
If you’re looking for a more accessible alternative, Grey offers a convenient digital solution. With Grey, non-US residents can open virtual U.S. bank accounts online, without needing a US address, SSN, or in-person appointment.
Grey provides virtual bank accounts in USD, GBP, and EUR, making it ideal for freelancers, remote workers, and digital entrepreneurs who receive payments from foreign clients or platforms like PayPal, Amazon, Shopify, and Upwork.
Once you create a Grey account and complete identity verification, you can request a U.S. account that includes your personal account number and routing number.
While opening a US bank account at a traditional bank as a non-resident is possible, it often involves navigating complex requirements and may require a physical presence in the U.S. If you’re not currently based in the US or prefer a simpler alternative, platforms like Grey offer a modern, borderless way to receive and manage your US earnings.
Somewhere in the world right now, there’s a student frantically revising for their exam. After procrastinating over the past few months, they now have 72 hours to learn an entire semester’s worth of content. What’s their plan? Binge-watch a series of crash course TikToks from a witty Indian tutor.
This scenario might sound dramatic, but it happens every day. Indian creators — tutors, dancers, comedians, chefs, fashionistas — are educating and entertaining global audiences through TikTok. The platform has become a powerful space for sharing creativity and making money. And while creators can earn through the TikTok Creator Fund, brand sponsorships, and live gifts, there's a catch: you usually need a UK or US bank account to get paid.
If you're a creator in India, Grey allows you to receive TikTok payments in USD, GBP, or EUR and convert them to INR seamlessly. Here’s everything you need to know.
TikTok has expanded far beyond viral dances and lip-sync videos. It's now a viable income stream for Indian creators across niches. Here are the main ways they get paid:
TikTok creator fund: This is TikTok’s in-house monetisation programme. Once you meet the eligibility requirements (age, follower count, engagement), you get paid based on the performance of your videos. It is based on views and interactions.
Brand sponsorships: Companies, both local and international, often reach out to creators to promote their products or services. These deals are usually negotiated off the platform and paid out in USD or GBP.
Live gifts & tips: During livestreams, fans can send virtual gifts that translate to real money. The more engaging your content, the more support you receive.
Affiliate links & product sales: Some creators build thriving businesses by promoting their own products or affiliate links, using TikTok as a powerful funnel.
However, all these payment methods typically rely on international payout systems, and that's where the challenges begin.
Why can’t you use a regular Indian bank account for TikTok payments?
Here’s the reality: TikTok’s payment processors don’t support direct INR deposits for most monetisation channels. That means Indian creators must link a US, UK, or EU bank account to access their earnings. This comes with several issues:
Limited access: Most Indians can’t open a traditional foreign bank account unless they’re physically present abroad, or go through a lengthy (and expensive) process.
High fees: Some workaround services come with painful conversion charges or middlemen that eat into your earnings.
Delays: International transfers through traditional banks can take days or even weeks to clear.
Rejected payments: If account details don’t match exactly, payments might bounce and recovering them is often a bureaucratic nightmare.
So what’s the best alternative? Let’s talk about Grey.
How can you earn from TikTok in India without a UK bank account?
Grey is a digital banking platform that gives Indian creators free virtual accounts in USD, GBP, or EUR. This makes it easier to receive international payments like a local.
Here’s how it works:
Open a free Grey account from India and access a virtual foreign bank account in minutes.
Link your Grey USD or GBP account to TikTok or share it with brands for sponsorship payouts.
Withdraw your funds to your regular Indian bank account.
You don’t need to jump through hoops, use a VPN, or worry about rejected payments. With Grey, your TikTok income flows just like your content: smoothly.
Upload a valid Indian government-issued ID (like your PAN or Aadhaar card), proof of address, and a selfie for verification.
Open your USD or GBP account
Once verified, you can generate your virtual foreign bank account details instantly — including IBAN/SWIFT codes.
Link to TikTok or brand deals
Enter your Grey USD or GBP account details into the TikTok Creator Fund payout system or share them with brands for direct deposit.
Receive your earnings and convert to INR
When payments land in your Grey account, you can monitor exchange rates and convert your funds to INR with a few taps. Withdraw directly to your Indian bank account.
Why Grey is the best solution for Indian TikTok creators
Still on the fence? Here’s why thousands of remote workers, creators, and freelancers trust Grey:
Multiple currencies, one account: Hold and manage USD, EUR, and GBP from one app.
No hidden fees: Transparent pricing with excellent currency conversion rates.
Fast transfers: Receive and withdraw your money quickly, without the delays of traditional banking.
Built for global creators: Whether you’re monetising TikTok, YouTube, Upwork, or selling online, Grey works across platforms.
As TikTok continues to empower creators globally, Indian talent is leading the charge by teaching, entertaining, and inspiring millions. But what’s the point of creating content that pays if the payment system doesn’t work for you?
You just need a phone, your creativity, and the right payment partner.
Sending US dollars from the United States to China can be tricky. Traditional banks often charge high transfer fees, use poor exchange rates, or take several days to complete transactions. Additionally, China’s strict currency regulations make some payment routes less effective or unavailable.
Digital payment platforms now provide faster, simpler, and more cost-effective ways to send money abroad. Whether you’re paying freelancers, supporting loved ones, or making cross-border business payments, here are the most reliable and affordable methods to send USD from the USA to China.
The total cost of sending USD internationally depends on multiple factors: transfer fees, currency conversion margins, delivery speed, and recipient payout options. Many services also include hidden charges, so choosing a platform with transparent pricing and favourable rates is crucial.
Here are the most reliable and cost-effective ways to send USD to China:
1. Grey – Affordable and hassle-free USD transfers to China
Grey offers a seamless way to manage international payments with its multi-currency accounts. Users can create and use USD accounts to send and receive funds globally. If your recipient also uses Grey, sending USD becomes instant without relying on slow or expensive intermediary banks.
Wise offers low-cost and transparent currency conversion with no hidden markups. You can transfer USD to China, typically through UnionPay-enabled bank accounts, AliPay, and WeChat. However, users might need to convert to CNY first.
3. Remitly
Remitly supports transfers from the USA to China via bank deposits or mobile wallet options to Alipay and WeChat accounts. It offers two modes: Express (fast, with higher fees) and Economy (slower, lower cost). It’s a convenient option for those prioritising flexibility and speed.
4. WorldRemit
WorldRemit provides a secure platform for sending USD to China through bank deposits or mobile wallets. It’s easy to use and supports various currencies and payout options**.** It has a simple interface, multiple delivery methods and competitive fees
5. Western Union – Cash pickup in USD
Western Union is a longstanding player in international money transfers. It’s one of the few platforms that allows recipients in China to collect USD in cash, especially in major cities. However, they charge higher fees and poor exchange rates. It might also be less convenient for people who prefer digital options.
Grey offers transparent pricing, USD transfers, and a user-friendly experience when sending money from the US to China. You can easily open a USD account, send money to another Grey user in China, or use the platform to manage cross-border payments. With no surprise fees and fast transaction times, it’s one of the most affordable ways to send money globally.
Whether you’re paying for services in China, managing freelance payments, or supporting family, Grey makes the process simple and stress-free.
Sign up on Grey today and enjoy seamless, cost-effective USD transfers from the USA to China.
India and China are two countries in close proximity. However, this doesn’t necessarily make it easier to send US dollars across their borders. Traditional banks often charge high fees, offer poor exchange rates, and take several days to process USD transactions.
Fortunately, new digital payment platforms have made international money transfers faster, cheaper, and more transparent. Whether you’re paying for goods, supporting a student, or making business payments, this guide outlines the most affordable ways to send USD from India to China.
Before choosing a transfer method, keep in mind the following:
Total cost (fees, exchange rate margins, and hidden charges)
Transfer speed
Delivery method (bank deposit, digital wallet, etc.)
Compliance with Indian regulations under FEMA and RBI
Recipient preferences in China (USD vs CNY)
Sending USD from India to China
Now, let’s explore various options for sending USD from India to China.
1. Grey – The affordable way of sending USD from India to China
Grey is a reputable fintech solution that offers multi-currency wallets, including USD, GBP, and EUR. You can directly deposit Indian rupees (INR) into your Grey account and have it automatically converted to USD at the best exchange rates. Once your USD account is funded, you can send it to the recipient. If the recipient in China also uses Grey, transfers can be done instantly at no cost. Grey remains a cost-effective international payment solution because there are no hidden fees or intermediary bank charges.
Wise is another affordable way to send USD from India to China. The emerging global payment platform allows users to transfer USD from their Wise account in India to a recipient’s USD bank account in China.
Payoneer is widely used for B2B and freelancer payments. If you or your business already uses Payoneer, you can transfer USD to another Payoneer user or link it to their bank account in China. It is a business-friendly platform that simplifies USD payments. It works well for service payments, imports, and remote team payrolls. Onboarding can, however, take time for new users.
4. SWIFT
Traditional Indian banks can wire USD to China via the SWIFT network. However, this is usually the most expensive and time-consuming option. It could take up to 5 business days to complete the transactions. It is better recommended for large-volume transactions or if your recipient requires a direct bank-to-bank SWIFT transaction.
The cheapest way to send USD from India to China depends on how both the sender and recipient manage their money. Grey remains a reliable and affordable international payment option for sending USD from India to China. You can fund your account with INR and convert to USD at the best rates and hassle-free.
Shopify is a global e-commerce platform where anyone can create and manage an online store. It offers product listings, secure payment processing, marketing and customer engagement tools. The platform also supports developers, designers, and affiliate marketers through its Partner Programme by offering earnings for app development, theme creation, store setup services, and referrals.
For merchants and partners, receiving Shopify earnings in foreign currencies like USD, GBP, or EUR can be challenging due to banking restrictions and high conversion fees. Grey solves this problem by offering virtual foreign accounts that allow users to receive international payments as if they had a local bank account abroad. This article explains how to link your Grey account to Shopify’s payout system, powered by Hyperwallet, so you can receive your funds quickly, safely, and at competitive exchange rates.
Shopify has partnered with Hyperwallet to provide flexible payout options for partners and merchants. These include local bank transfers and international wire transfers in various currencies. This collaboration enables you to receive earnings directly into your local or virtual bank accounts without the delays and fees associated with traditional international transfers.
Setting up your Grey account
By following these steps, you can sign up on Grey and receive your multi-currency bank details within minutes.
Verify your identity: Complete the KYC process by uploading a valid government-issued ID and a selfie to verify your identity.
Request virtual foreign accounts: Once verified, you can request virtual accounts in USD, GBP, or EUR. Each account comes with unique banking details that function just like a local account in the respective country.
Linking Grey to your Shopify partner dashboard
Once you’ve created an account on Grey, you can now link your account to your Shopify partner dashboard.
Access payout settings: Log in to your Shopify partner dashboard and go to the ‘Payouts’ section.
Add a new payout method: Choose ‘Add Payout Method’ and select the appropriate currency (USD, GBP, or EUR) that matches your Grey virtual account.
Enter Grey account details: Input the account number, bank name, and other required details exactly as they appear in your Grey dashboard.
Save and confirm: Double-check all entries and confirm. Shopify will now send future payouts to your Grey account.
Shopify also allows you to receive your earnings via PayPal. So, if you integrate your PayPal account with the payment gateway, here is how to withdraw your funds from PayPal.
Receiving and managing your earnings
After linking your Grey account, Shopify will disburse your earnings according to your payout schedule. Once funds arrive:
Convert funds: With Grey, you can convert your USD, GBP, or EUR earnings to your local currency at competitive exchange rates.
Withdraw to local bank: Send your converted funds to your local bank account quickly and securely.
Use Grey’s virtual USD card: If needed, you can also spend directly online using Grey’s virtual USD card. This is useful for paying for subscriptions or international services.
Using Grey with Shopify
With Grey, you no longer have to worry about delays in getting your payout from Shopify or the hassle of withdrawing into your local bank. Grey helps you:
Receive direct payouts in USD, GBP, or EUR seamlessly.
Avoid traditional banking delays and intermediary fees.
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