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Announcement on Adjustment of Business Account and Personal Account Remittance/Withdrawal Business

Published on 2023-08-07 Updated on 2024-11-04

Dear Users,
To facilitate more convenient and cost-effective remittances and withdrawals for our users, we are adjusting our remittance and withdrawal services. We are introducing tiered remittance/withdrawal rates for business accounts, distinct from the existing tiered rates for personal accounts. The specific rules are as follows:

Tiered Withdrawal Rate Rules for Business Accounts:

Business accounts participating in remittances or fiat currency withdrawals, reaching a certain amount per transaction, will be eligible for corresponding withdrawal fee discounts, with rates as low as 50%.

Detailed fee requirements are as follows:

Single remittance/withdrawal amount (USD) Withdrawal fees Enjoy discounts Withdrawal and refund limit (compared to personal account)
200-2k 20USD No 0
2k-30w 0.8% 20% off 2k-10w：Refund 0.2%
10w-30w：Refund 0.1%
30w-50w 0.7% 30% off Refund 0.1%
50w-500w 0.6% 40% off 50w-100w：Refund 0.2%
100w-200w：Refund 0.1%
200w-500w：Refund 0
>500w 0.5% 50% off Refund: 0

Tiered Withdrawal Rate Rules for Personal Accounts:

Personal accounts participating in remittances or fiat currency withdrawals, reaching a certain amount per transaction, will also be eligible for corresponding withdrawal fee discounts, with rates as low as 50%.

Detailed fee requirements are as follows:

Single remittance/withdrawal amount (USD) Withdrawal fees Enjoy discounts
200-2k 20USD No
2k-10w 1% No
10w-30w 0.9% 10% off
30w-100w 0.8% 20% off
100w-200w 0.7% 30% off
200w-500w 0.6% 40% off
>500w 0.5% 50% off

Download the app now for remittance/withdrawal

Adjustment Instructions and Terms of Service:

  1. This adjustment applies to all BiyaPay users.
  2. Remittance/withdrawal fee discounts will be calculated based on the user’s transaction amount and will be directly deducted from the remittance/withdrawal amount.
  3. Each verified user is allowed to use only one account.
  4. Brokerage accounts are not eligible for business account withdrawal discounts and will be subject to personal account withdrawal discounts.
  5. All users must strictly adhere to the BiyaPay service terms.
  6. We oppose fraudulent activities. If detected and verified, BiyaPay reserves the right to take action.
  7. BiyaPay holds the final interpretation rights for this adjustment. Any further adjustments will be announced subsequently.

Thank you for your longstanding trust and support in BiyaPay.

About BiyaPay
BiyaPay is a global multi-asset trading wallet, using USDT as a medium for “[recharging USDT to exchange for USD]”, supporting over twenty types of fiat currencies and more than ten types of digital currencies for mutual exchange. We provide users with a safer and faster international remittance service; Additionally, [supporting USDT transactions for US and Hong Kong stocks], users can participate in real-time stock trading without applying for an offshore account, enabling real-time deposits and withdrawals. With one account and a single fund, users can invest in global markets including the US and Hong Kong stock markets.

BiyaPay
August 7, 2023