What is Hyperwallet/Payouts?

Hyperwallet, a PayPal service, provides payment processing for diverse industries globally - marketplace sales, commissions, insurance settlements, charities, clinical study reimbursements, airlines, and employee benefits.

Hyperwallet enables its Merchants (clients) to send payments to their customer base (payees) via virtual accounts and direct transfers.

In virtual accounts, payees can choose how they want to withdraw money from Hyperwallet. These options include prepaid cards, Venmo transfers, PayPal transfers, checks, cash pickup, or donations. It's a one-way system; payees cannot load funds into a Hyperwallet account.

We also offer additional services for prepaid card transaction inquiries and disputes, customer identification control, tax reporting, and global multilingual customer support through live chat, email and phone.

Hyperwallet completes PayPal's mass payout capabilities to enable payees to transfer money from their Hyperwallet account to their Venmo or PayPal account.

Note:

• United States-based payees can transfer payments in USD from their Hyperwallet account to their Venmo account.
• PayPal payees can transfer money from their Hyperwallet account to their PayPal account in 18 currencies in over 120 countries.