These guidelines outline Hurupay’s internal compliance standards for receiving USD transfers, verifying user identities, and managing risk. They are based on Hurupay’s operational rules and informed by regulatory best practices.
1. Name Matching for Bank Transfers
Hurupay enforces strict name verification on incoming USD transfers to prevent fraud and unauthorized access.
Wire Transfers:
The bank-beneficiary-name (as found in the metadata of the transfer) must exactly match the name registered in the user’s payment method.
Any mismatch results in an automatic hold and compliance review.
ACH Transfers:
Partial matches between the bank-beneficiary-name and the payment method name are accepted, but may require further review.
2. Supported Countries
Anyone with a Government ID, Passport, Visa, Driver's License, Resident permit, or other documents of the same weight from the following countries can open a USD account on Hurupay:
Africa | Kenya, Nigeria, Ghana, Senegal, South Africa, Mauritius, Tanzania, Uganda, Rwanda, Burundi, Zambia, Mozambique, Malawi, Seychelles, Madagascar, Cameroon, Botswana, Namibia, Sierra Leone, Togo, Gambia, Gabon, Burkina Faso, Benin, Guinea, Guinea-Bissau, Liberia |
Europe | UK, Germany, France, Spain, Portugal, Italy, Belgium, Denmark, Netherlands, Turkey |
Asia | Philippines, Pakistan, Indonesia, Malaysia, Singapore, India, Sri Lanka, Japan, Thailand, Hong Kong, Saudi Arabia. |
South America | Argentina, Brazil, Colombia, Chile, Guyana, Paraguay, Peru |
North America | USA, Canada, Mexico, El Salvador, Costa Rica |
Oceania | Australia, New Zealand |
3. Supported Payments
Types of Supported Payments | Example of Supported Payments |
Freelance platforms | Payments from Upwork, Fiverr, Payoneer, Deel, PayPal, Wise, Venmo, Stripe, and Airbnb. |
Business payments |
|
Family members | Payments from a family member with the same last name (e.g., from Dewi Sari to Putri Sari) |
Payments from yourself to yourself. | Dewi Sari's PayPal to Dewi Sari's Hurupay account |
Third-party/Peer-to-peer payments | Payments between unrelated people (e.g., from John Doe to Mark Milo). However, there is a limit of $4,999 per transaction. |
4. Unsupported Payments on Hurupay
Types of Unsupported Payments | Example of an unsupported transaction |
Wire transfers with name mismatch | Wire payments that do not match your Hurupay USD account details. |
ACH transfer with partial name match | ACH transfers that do not match your Hurupay USD account details. |
Third-party transaction above $4,999 | A $5000 payments from friends or people you are not related to. |
Refunds | From colleges/institutions/businesses. |
Funds from educational institutions | Payments from colleges or universities. |
|
|
5. High-Value Third-Party Transactions
Hurupay monitors high-value transfers to detect possible misuse or illegal third-party funding.
Any peer-to-peer/third-party (payment from a friend) USD transaction above $4,999 is not supported and will be cancelled.
Third-party includes transfers/transactions where the sender’s name does not match the Hurupay account holder’s name.
Users may be asked to provide source-of-funds documentation, especially for repeated high-value transactions.
For more information or policy updates, please visit hurupay.com.