Payout

The Payout provides merchants with a clear overview of their eligible earnings. This feature simplifies the payout process, offering transparency over financial disbursements.

Payout Options

BagelPay offers flexible and efficient payout methods, designed to cater to diverse financial needs. Whether you prefer to transfer funds internationally, domestically, or into cryptocurrency wallets, BagelPay ensures a seamless experience. Below are the three payout options currently available:

1. Payout to International Bank Accounts

BagelPay supports payouts directly to international bank or digital banking accounts. This option works with various account types, such as:

• Hong Kong banking accounts

• Singapore banking accounts

• Payoneer Virtual Accounts (VA)

• Bank or digital bank accounts in any other country

• ....

Simply provide the relevant account details, and BagelPay will transfer the funds to your designated international payment destination.

For users with foreign currency accounts in Mainland China, BagelPay enables payouts directly to accounts such as:

• China Merchants Bank (CMB) Foreign Currency Accounts

However, please note:

• You will need to personally manage currency exchange and settlement declaration processes using your local banking facilities. This is a reliable solution for users maintaining foreign currency accounts within the boundaries of Mainland China.

2. Payout to Cryptocurrency Wallets

BagelPay also supports direct payouts to cryptocurrency wallet addresses. By collaborating with leading cryptocurrency exchanges, BagelPay simplifies this process:

• Funds in your BagelPay account, denominated in USD, will be automatically converted into USDC or USDT stablecoins.

• BagelPay transfers the converted funds via blockchain technology to the cryptocurrency wallet address specified by you.

This method ensures fast and secure transactions, offering versatility for users who prefer payouts in digital assets.

Conclusion

BagelPay's payout solutions are designed to fit the multifaceted needs of users across international borders, domestic operations, and the cryptocurrency ecosystem. Whether you favor traditional banking channels or blockchain-based transfers, BagelPay ensures your funds reach their destination efficiently and securely.

For detailed steps and further assistance, please refer to the individual payout setup guides in this documentation.

If you have questions or need support, feel free to reach out to BagelPay Customer Support.