Payment accounts overview: Bank, Hyperwallet, PayPal, Wisely

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You can add the following payment accounts to your WorkMarket account. WorkMarket payments are made in USD, regardless of the payment account type. 

Bank Accounts

Account Type Description
ACH (U.S. bank accounts only)

When you set up a bank account, it might be verified instantly, or it can take 2-3 business days. You will receive an email when the verification process is complete.

There is no fee for ACH/direct deposit. Users are limited to 2 bank accounts.

Canadian bank accounts

Canadian bank accounts require users to verify their identities before linking an account to WorkMarket. (Refer to the note about Canadian Customer Identification Program (CIP) in Adding a payment account to withdraw funds for more information.)

Canadian workers have two options to add their bank account: 

  1. ACH (recommended for CAD accounts)
    • Currency Type: CAD only 
    • No verification
    • No transfer fee applies*
    • Currency conversion fee applies (USD to CAD)
  2. Hyperwallet (recommended for USD accounts)
    • Currency Type: USD or CAD
    • Hyperwallet transfer fee of $0.95 USD applies 
    • Currency conversion fees apply ONLY for CAD bank accounts. USD accounts do not incur conversion fees. 

NOTE:

Please validate that the correct bank account information and currency type are being submitted before completing bank account setup.  

Transfers to Canadian bank accounts can take up to 5 business days.

*Although there are no transfer fees for ACH, the final withdrawal amount may vary depending on the currency conversion rate from USD to CAD. 

 

PayPal

When you add a PayPal account, the email address must match your primary WorkMarket email. If your PayPal email address is different than your WorkMarket email, you must either submit a request to change your WorkMarket email address, or change your PayPal email to match your WorkMarket email.

All transfers to PayPal are subject to a $1 transaction fee, regardless of the amount you withdraw. Click here to view other PayPal transaction fees.

You can only add 1 PayPal account to your WorkMarket account. 

You can verify whether PayPal services a particular country by following this link: 

 https://www.paypal.com/us/webapps/mpp/country-worldwide

 

Wisely Card (US users only)

You can sign up for a Wisely card when you add a payment account in WorkMarket. After you sign up, the card will arrive within 7 to 10 business days. The Wisely card is available only to U.S. users.

There are no fees for withdrawing to the Wisely Card, but there might be other transaction fees associated with using the card. Refer to the CARDHOLDER AGREEMENT FOR WISELY® PAY - WorkMarket Inc.pdf for more information.

 

Hyperwallet (for bank accounts outside the US)

HyperWallet is a global payment platform that allows WorkMarket users to withdraw money to bank accounts outside the United States.

When you add Hyperwallet to your WorkMarket account for the first time, you are required to include your date of birth for identity verification. The Hyperwallet account must be in the user's name.

International: 2-3% conversion fee and transaction fee from $1.95-$30 depending on country

Hyperwallet supported countries and transfer fees

REGION COUNTRY/TERRITORY ACCOUNT TYPE TRANSFER FEE PER WITHDRAWAL (USD) PAYOUT CURRENCIES
North America & United States Territories Bermuda Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Canada Local Bank Transfer $0.95 CAD, USD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
United States of America & Territories (American Samoa, Federated States of Micronesia, Guam, Northern Mariana Islands, Puerto Rico, US Virgin Islands) Local Bank Transfer $0.95 USD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Mexico Local Bank Transfer $1.95 MXN
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Africa Jordan Wire Transfer 2% of Transaction Amount JOD, USD, EUR, GBP, AUD
Nigeria Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
South Africa Wire Transfer 2% of Transaction Amount ZAR, USD, EUR, GBP, AUD
Zimbabwe Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Asia Pacific Australia Local Bank Transfer $1.95 AUD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Bangladesh Local Bank Transfer $5.95 BDT
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Cambodia Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
China Local Bank Transfer**** $5.95 CNY
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Hong Kong Local Bank Transfer $3.95 HKD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
India Local Bank Transfer $3.95 INR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Indonesia Local Bank Transfer $3.95 IDR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Japan Local Bank Transfer $5.95 JPY
Wire Transfer 2% of Transaction Amount JPY, USD, EUR, GBP, AUD
Kazakhstan Wire Transfer 2% of Transaction Amount KZT, USD, EUR, GBP, AUD
Malaysia Local Bank Transfer $5.95 MYR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Mongolia Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Myanmar (Burma) Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
New Zealand Local Bank Transfer $3.95 NZD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Pakistan Wire Transfer 2% of Transaction Amount PKR, USD, EUR, GBP, AUD
Philippines Local Bank Transfer $3.95 PHP, USD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Singapore Local Bank Transfer $3.95 SGD
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
South Korea Local Bank Transfer $10.00 KRW
Wire Transfer 2% of Transaction Amount KRW, USD, EUR, GBP, AUD
Taiwan Wire Transfer 2% of Transaction Amount TWD, USD, EUR, GBP, AUD
Vietnam Local Bank Transfer $3.95 VND
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Europe, the United Kingdom & Territories SEPA: Aland Islands, Austria, Azores, Belgium, Canary Islands, Ceuta & Melilla, Cyprus, Estonia, Finland, France, French Guiana, Germany, Greece, Guadeloupe, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Madeira, Malta, Martinique, Mayotte, Monaco, Netherlands, Portugal, Reunion, Saint Barthelemy, Saint Martin (FR), Saint Pierre & Miquelon, San Marino, Slovakia (Slovak Republic), Slovenia, Spain Local Bank Transfer $1.95 EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Azerbaijan Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Belarus Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Bulgaria Local Bank Transfer $3.95 BGN, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Croatia Local Bank Transfer $3.95 EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Czech Republic Local Bank Transfer $3.95 CZK, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Denmark Local Bank Transfer $3.95 DKK, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Faroe Islands, Greenland Local Bank Transfer $3.95 EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Hungary Local Bank Transfer $3.95 HUF, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Liechtenstein Local Bank Transfer $3.95 CHF, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Norway Local Bank Transfer $3.95 NOK, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Poland Local Bank Transfer $3.95 PLN, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Romania Local Bank Transfer $5.95 RON, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Serbia Wire Transfer 2% of Transaction Amount RSD, USD, EUR, GBP, AUD
Sweden Local Bank Transfer $3.95 SEK, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Switzerland Local Bank Transfer $5.95 CHF, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Ukraine Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD (Not offered in Crimea)
United Kingdom and Territories (Gibraltar, Guernsey, Isle of Man, Jersey) Local Bank Transfer $1.95 GBP, EUR
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Middle East Egypt Wire Transfer 2% of Transaction Amount EGP, USD, EUR, GBP, AUD
Israel  Local Bank Transfer $3.95 ILS
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Oman Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Turkey Local Bank Transfer $3.95 TRY
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
United Arab Emirates Local Bank Transfer $15.00 AED
Wire Transfer 2% of Transaction Amount AED, USD, EUR, GBP, AUD
Latin America & Caribbean, South America Argentina Local Bank Transfer $3.95 ARS
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Bahamas Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Bolivia Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Brazil Local Bank Transfer $5.95 BRL
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Chile Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Colombia Local Bank Transfer $3.95 COP
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Costa Rica Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Ecuador Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
El Salvador Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Guatemala Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Guyana Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Honduras Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Jamaica Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Nicaragua Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Paraguay Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Peru Local Bank Transfer $3.95 PEN 
Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Uruguay Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD
Venezuela Wire Transfer 2% of Transaction Amount USD, EUR, GBP, AUD

*  Following the Transfer Fee, withdrawals are also subject to the current foreign exchange rate. Foreign exchange currency conversion takes place in HyperWallet at the transactional level when a payee chooses a payout in a currency different than USD.

** HyperWallet foreign exchange currency conversion rates are subject to fluctuation and may not be the same as the mid-market rates.
*** Supported countries and regions are subject to change based on OFAC requirements. 

****For Local Bank Transfers to China, supplement data for each transfer is needed. Please refer to: API Docs - Hyperwallet Program Portal for more details. 

 

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