Transaction Guide

Last updated: June 29, 2026

Payments & Transfers: What You Can and Can’t Do

This guide explains what types of payments are supported based on your location and relationship to the sender or recipient.

If You Live Outside the United States

What’s Allowed

  • Sending or receiving money from your own bank, fintech account, or brokerage

  • Receiving payments from:

    • A registered business, or

    • A family member with the same last name

  • Person-to-person (P2P) payments under USD 4,000, as long as there is a clear and legitimate reason for the payment

What’s Not Allowed

  • Receiving money from unrelated third parties

  • Using your account to:

    • Move money on behalf of others

    • Provide currency exchange services

    • Act as a payment intermediary

If You Live in the United States

What’s Allowed

  • Sending or receiving money from your own bank, fintech account, or brokerage

  • Receiving payroll or wage payments from a verified employer

  • Receiving payments from third parties in most states

Note: Third-party payments are not available in Texas or Pennsylvania.

What’s Not Allowed

  • Using your account for money transmission or intermediary payment flows

  • Receiving payments from unrelated third parties without a clear invoice or employment relationship

Understanding Payment Types

First-Party Payments

These are payments where you are moving your own money.

Example:

Sending funds from your personal bank account to your account to convert USD to USDC.

Third-Party Payments

These involve money sent or received on behalf of someone else.

Examples include:

  • A business paying a vendor

  • A platform collecting payments from customers

  • A payroll provider paying employees

Acceptable Third-Party Payments

Third-party payments are supported when they have a clear purpose, such as:

  • Paying a vendor or contractor

  • Collecting payments as a platform or marketplace

  • Paying employee wages

  • P2P payments under USD 4,000 with a valid invoice or explanation

What’s Not Allowed Third-Party Payments

  • P2P third party EUR

Important State Restrictions

Third-party payments are not supported for users located in:

  • Texas

  • Pennsylvania