Paxos can accept wires from or send wires to a bank account, even if the bank account owner is not the same as the individual or institution onboarded with Paxos. This means Paxos allows wire transfers involving third-party bank accounts, subject to applicable compliance and regulatory checks.
Fund your Paxos corporate account or withdraw your funds to an external bank account.
Enable your users to directly fund their account or withdraw their funds to an external bank account.
It is recommended to have JWS request signing for fiat withdrawals.
JWS request signing uses a public-key cryptography with a client-controlled private key.
It adds an additional layer of security to withdrawals.
It can prevent malicious withdrawals even if the API key secret is compromised.
When used, all API calls with this key will require a JWS signature.
Use Get Fiat Account to get complete details of the fiat account.
List Fiat Account excludes beneficiary name and address details and only includes the last four (4) digits of the account number.
For withdrawals, fees are in addition to the requested amount.
For deposits, fees are deducted from the received amount.
See Deposit & Withdrawal Fees for the current fee structure.
