Payments to local bank accounts can only be made in the local currency. The Bank Transfer fee ranges from $10 to $25, depending on the country. Test IO covers $3 of each transaction fee, so the amount deducted from your payment ranges from $7 to $22.
However, you can receive payments in USD without a Bank Transfer fee being deducted from your payout by using Payoneer, Wise, Grey, Airtm, or a similar service. Depending on your country and the selected provider, these services may provide USD receiving account details that can be used to receive payments from us. Your payment service may apply its own fees.
Before proceeding with adding a payment method, you need to locate the BIC and Account Number of your USD account provided by one of these platforms.
How to Set Up a USD Payout Method in Cirro
Go to the page Payout in your Cirro profile to set up your payout data. You can reach this page if you click on the Account drop-down and then select Account & Payout Settings.
Click on the + Add Payout Method button.
Adding a payout method consists of two steps: General Information and Payout Method selection.
Step 1: General Information
Enter your personal details such as First Name, Last Name, and Email.
For the Country and Address, select United States to match the USD bank account details provided by your payment service.
After entering the required information, click Next.
Step 2: Select Payout Method
Choose Bank Transfer.
Enter your U.S. bank account details: BIC, Account Type (usually Checking), Account Number, and Account Holder Name.
The Account Holder Name must match the name provided in the General Information step.
Click Add and confirm by clicking Done.
⚠️ Mandatory Step After Adding the Payment Method:
Click the Edit icon next to the payout method.
Change the Country and Address to your actual country of residence and current residential address.
Save the changes.
This step is required to ensure your profile information remains accurate.
If you have any questions or need help, contact our support team through the chat bubble or at support@cirro.io.