How to Add a USD Domiciliary Account on Paystack
Paystack provides a seamless platform for financial transactions, and by incorporating a USD domiciliary account, you can enhance your financial flexibility and open up avenues for international transactions.
Whether you're a business owner looking to expand globally or an individual seeking to optimize cross-border transactions, mastering this process will empower you to make the most of Paystack's capabilities.
In this tutorial, we'll walk you through the step-by-step process of adding a USD domiciliary account to your Paystack account, enabling you to efficiently manage and transact in multiple currencies.
Let's dive in and explore how to integrate your USD Domiciliary Account with Paystack effortlessly.
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What are the requirements for accepting payments in USD?
Right now, only businesses in Nigeria and Kenya can use this feature. If you're in Nigeria, your business must be active there. In Kenya, the same goes – your business must be based there to accept USD payments.
In Nigeria, you'll need a USD domiciliary account with Zenith Bank to get your USD transaction earnings. You can find out how to open one with Zenith Bank. In Kenya, you'll need a USD bank account with a Kenyan bank for the same purpose.
How to add a USD domiciliary account to your Paystack account
- Navigate to the Settings page within your Paystack Dashboard, and then select the Payouts Accounts tab.
- Next, select the option Add bank account located next to the USD currency.
- Choose your bank and input your USD domiciliary account number.
- Lastly, click the Add bank account button to save your changes.
Conclusion
Incorporating a USD domiciliary account into your Paystack profile opens doors to a world of financial possibilities.
Whether you're a business owner looking to expand your horizons or an individual seeking to optimize your financial dealings, this integration empowers you to make the most of Paystack's platform.
Remember, this feature is currently accessible to customers in Nigeria and Kenya, so take advantage of the opportunities it presents. With your USD domiciliary account set up, you're ready to embark on a journey of enhanced financial flexibility and global transactions.