What is a Payment Method?
A payment method is a verified bank account or crypto wallet added to a customer’s or counterparty’s profile on Conduit. Think of it as registering:- Your funding source (where money comes from)
- Your destination account (where money goes to)
| Term | Definition |
|---|---|
| Payment Method | A bank account or crypto wallet linked to a customer/counterparty |
| Bank Account | Traditional fiat currency account (checking, savings, business) |
| Crypto Wallet | Digital wallet for cryptocurrency assets |
| Customer | Your direct client using Conduit (must be onboarded first) |
| Counterparty | External party your customer transacts with |
Why add a payment method?
Before you can send or receive payments on Conduit, you need to add a payment method. Adding payment methods enables you to:- Send payments from bank accounts or crypto wallets
- Receive payments to your designated accounts
- Convert currencies between fiat and crypto (onramp/offramp transactions)
- Bank accounts for fiat currency (USD, BRL, MXN, EUR, etc.)
- Crypto wallets for digital assets (USDC, USDT, etc.)
What you’ll need
Gather the following information before beginning: For Bank Accounts:- Account Holder Name
- Bank Name
- Account Number
- Routing Information
- Account Type (checking, savings, business)
- Currency (USD, BRL, MXN, EUR, etc.)
- Wallet Address
- Blockchain Network (Ethereum, Tron, Polygon, etc.)
- Asset Type (USDC, USDT, etc.)
Supported currencies (by bank country)
This section outlines which currencies Conduit supports based on the bank’s country.| Bank Country | Supported Currencies |
|---|---|
| Brazil | BRL, EUR, USD |
| Colombia | COP, EUR, USD |
| Mexico | MXN, EUR, USD |
| SEPA Zone Countries | EUR, USD |
| Other Countries | USD |
Bank payment rails and required fields (by currency and country)
This table outlines the available bank payment rails by currency and country, along with the required fields for each. In cases where a local rail isn’t supported, Conduit defaults to using SWIFT for international USD or EUR payouts. Each rail has specific field requirements that must be met for the payment to be successfully processed.| Currency | Payment Rail | Supported Countries | Required Fields |
|---|---|---|---|
| BRL | PIX | Brazil | bankName, accountOwnerName, pixKey, address.country |
| BRL | TED | Brazil | accountOwnerName, bankName(See list of supported banks below), accountType, accountNumber(must be 9 digits), bankCode, branchCode, address.country |
| MXN | SPEI | Mexico | accountOwnerName, bankName, accountNumber(CLABE, must be 18 digits), address.country |
| COP | ACH Colombia | Colombia | accountOwnerName, bankName(See list of supported banks below), bankCode, accountType, accountNumber, address.country |
| EUR | SEPA | SEPA Zone countries with EUR accounts (e.g. FR, DE, ES, etc.) | accountOwnerName, bankName, iban,swiftCode(must be valid for the provided country), address.country |
| USD | Fedwire | United States | accountOwnerName, bankName, accountType, accountNumber, routingNumber, address.country |
| USD | International Wire | Countries (except US) without local rails | Same as Swift (see below) |
| USD | International Wire Transfer via Fedwire | Countries (except for China) without local rails for USD or EUR | accountOwnerName, bankName, accountType, accountNumber, routingNumber(Of Correspondent Bank), swiftCode(must be valid for the provided country), address.streetLine1 ,address.city address.state, address.postalCode, address.country |
| USD/EUR | Swift | Countries without local rails for USD or EUR | accountOwnerName, bankName, accountType, accountNumber, swiftCode(must be valid for the provided country), address.country |