A First For US Users: Introducing Wire Transfers

Transak becomes the first global on-ramp to enable `Wire transfers`

Starting today, all the 350+ partners using Transak can provide US users with greater flexibility and convenience of seamless fiat-to-crypto on-ramp using Wire.

Key Highlights

New Payment Method: Wire transfers for transactions over $2,000.

Lower Fees: Only 1%, making it more affordable than other options.

Higher Daily Limit: Users can buy up to $25,000 worth of crypto daily.

Enhanced Security: Available for users with level 2 KYC verification.

Development Guide

To enable wire transfers for your widget, simply add the query parameter pm_us_wire_bank_transfer.

Wire Transfer vs. Other Payment Methods in the US

Payment Method	Fee	Processing Time	Daily Limit	KYC Level Required	Average Order Value	Key Features
Wire Transfer	1%	Up to 3 business days	Up to $25,000	Level 2	High (16x other methods)	Ideal for high-value transactions, cost-effective, and secure.
Credit Card	4.5%	Instant	Up to $2,500	Level 1	Moderate	Quick and convenient, suitable for lower-value transactions.
Apple Pay	3.5%	Instant	Up to $2,000	Level 1	Moderate	Convenient for iOS users, seamless integration with Apple devices.
Google Pay	3.5%	Instant	Up to $2,000	Level 1	Moderate	Easy to use for Android users, supports multiple currencies.
Bank Transfer	1.5%	1-3 business days	Up to $5,000	Level 2	High	Secure, suitable for large transactions but slower than other methods.

Summary

Wire transfers offer a significant advantage for users looking to make large cryptocurrency purchases. With lower fees, higher daily limits, and robust security measures, Transak’s new payment method is designed to streamline and enhance the user experience.