Moving Money with Paisr
One of the key aspects of any payment system is its ability to transfer funds from one place to another in a fast and secure manner. Paisr is no different when it comes to this process, however we have to keep some things in mind when doing so:
Prerequisites
First you’ll need to make sure you have your wallet and balance setup. If you haven’t already, please checkout these guide on wallets and virtual balances.
Transfer methods
Paisr supports different methods for moving money, such as:
- P2P - Peer-to-Peer transfers
- A2A - Account-to-Account transfers
- ACH - Bank transfers
How it works
From your wallet or balance overview, click on Transfer and select one of the following options:
- To someone (Supports: P2P & ACH)
- Between balances (Supports: A2A)
or use the Wallet Transfers API to initiate transfers programmably.
Follow these steps to transfer money to someone else.
Select Source
Select the balance you want to transfer money from. If you’ve started from a balance, you can skip to the next step.
Select Destination
Select the contact or enter the wallet tag of the wallet you want to transfer money to.
Transfer Details
Enter the transfer details and click Initiate to start the transfer process.
Approve Transfer
In order for the transfer to go through, you’ll need to approve it using your wallet PIN. Enter your PIN and click approve to confirm the transfer.
Money's on its way ✅
That’s it. The money is on it’s way to the destination and should arrive in just a few seconds.
Follow these steps to transfer money to someone else.
Select Source
Select the balance you want to transfer money from. If you’ve started from a balance, you can skip to the next step.
Select Destination
Select the contact or enter the wallet tag of the wallet you want to transfer money to.
Transfer Details
Enter the transfer details and click Initiate to start the transfer process.
Approve Transfer
In order for the transfer to go through, you’ll need to approve it using your wallet PIN. Enter your PIN and click approve to confirm the transfer.
Money's on its way ✅
That’s it. The money is on it’s way to the destination and should arrive in just a few seconds.
Follow these steps to move money from one balance to another.
Select Source
Select the balance you want to transfer money from. If you’ve started from a balance, you can skip to the next step.
Transfer Details
Enter the transfer amount, select a destination balance and click Initiate to start the transfer process.
That's it ✅
Transfers within your wallet auto-approve, so you’re good to go.
Transfer Limits
Transfer limits define the maximum amount of funds you can send from your wallet within a given period. These limits are not tied to any specific currency—instead, they apply to the total value of transfers made from a wallet, regardless of which currencies you’re using.
Each wallet has its own set of limits, which may vary based on factors such as verification status, regulatory requirements, and activity. Transfer limits help ensure secure and compliant money movement, and they can be increased by completing additional verification steps.
- Personal wallets can send up to 5,000 per week
- Business wallets can send up to 25,000 per week
If you require higher limits, please feel free to reach out to our team at support@paisr.tech.