Receive Funds Directly to your US Virtual Account at Airtm
Santiago Coates
May, 08, 2024
4 min. reading
We’re thrilled to introduce an exciting new feature that will change how you handle your finances on Airtm: The US Virtual Account.
Imagine having an account in the United States directly connected to your Airtm account, allowing you to receive dollar transfers quickly and securely. (Virtual Accounts are supported and provided by Bridge Ventures Inc.)
This new service is designed to provide you with greater flexibility and convenience in your financial transactions, regardless of your geographical location.
In this article, we’ll guide you through this new functionality that has arrived to simplify your financial operations and your life as a digital entrepreneur.
What is a US Virtual Account?
The new USA Virtual Account at Airtm is a feature that allows our users to virtually obtain a U.S. bank address to receive payments from companies, digital platforms, or directly from their own bank accounts into their Airtm account.
With this new feature, users can receive funds directly into their Airtm account, facilitating the transfer of dollars from other bank accounts, platforms or wallets.
Once their identity is validated, users can receive payments in Airtm directly from bank accounts as if they had a physical account in the USA. Essentially, the new USA virtual account simplifies your life.
Main Benefits
Receive bank transfers directly into Airtm: Share your account details with your employer or use them as a payment method on other platforms to receive funds directly into Airtm.
Transfer your payments from other platforms directly to Airtm: Enjoy lower fees by transferring from platforms like Deel, Wise, Upwork, Airbnb, and others.
Simple, Fast, and Cost-Effective: Receive your payments in USD more swiftly and with lower fees. Our commission is 1.75% plus $0.75 USD per transaction.
Flexibility to Withdraw Your Funds: Once your funds are received in Airtm, they will be converted to USDC, and you can withdraw them using more than 500 payment methods, including local banks, digital wallets, cryptocurrencies, and more.
How to Enable Your US Virtual Account?
It’s very simple:
- Log in to your Airtm account.
- Click on “US Account” in the menu and follow the instructions.
- Read and accept the terms and conditions from the vendor, Bridge Ventures Inc.
- Verify your identity by following the provided instructions.
Once your account is enabled, you’ll have your US virtual account details and can start receiving dollar payments in a simpler, faster, and more economical way.
More Information about the Functionality
What is the Functionality Used For? The Airtm US Virtual Account allows you to receive payments from individuals and businesses through the ACH network directly into your Airtm account, eliminating the need for digital wallets or traditional bank accounts in the United States.
What are the Fees and Limits? There is a fixed commission of $0.75 USD per transaction, plus a variable commission of 1.75%. The minimum and maximum transaction amounts vary, and the time for accreditation can range from 3 to 5 business days.
What Restrictions Does It Have? The US Virtual Account can only be used to receive local payments in the US through the ACH network. Additionally, transfers from non-US PayPal accounts are not currently available.
Ideal to do this and much more
Receiving Payments from Abroad: If you work as a freelancer, contractor, or conduct international business transactions, you can now take advantage of the ease of Airtm’s virtual account.
Instead of waiting for your money to reach a digital wallet and then transferring it to your local account, you can choose to receive your payments directly into your Airtm virtual account in the United States. This streamlines the process and allows you to access your funds more quickly and efficiently.
Use of Freelancer Platforms: For those who work on freelancer platforms such as Deel, Upwork, or Ontop, the U.S. virtual account at Airtm offers a convenient solution for receiving payments in dollars. You will no longer have to deal with the complications of international transfers or the high costs of currency conversion. Simply set up your Airtm virtual account as your payment method and enjoy a more direct and cost-effective way to receive your earnings.
Airbnb: If you own a property that you rent out through Airbnb in Argentina, the U.S. virtual account at Airtm can facilitate the receipt of your payments internationally. Many foreign tourists prefer to pay in dollars, and now you can provide them with a convenient payment option by linking your Airbnb with your US Virtual Account at Airtm. This allows you to receive your earnings in dollars directly, avoiding the inconveniences of currency conversion and payment delays.
The Ultimate Solution
The introduction of the U.S. Virtual Account at Airtm is a significant step toward simplifying and enhancing the efficiency of your financial operations.
If you are a contractor, a digital entrepreneur, or a freelancer, this new functionality provides the flexibility and convenience you need to manage your payments more effectively.
Don’t wait any longer and enable your US Virtual Account on Airtm today to start enjoying all its benefits.
