Notice on Amending the Business Account Remittance-Fiat Currency Withdrawal Rate to Be the Same as P

Published on 2023-10-20 Updated on 2024-12-17

Dear BiyaPay Users:

Effective from October 20, 2023, BiyaPay will modify the fee rates for remittances and fiat withdrawals for business accounts. Henceforth, all business accounts will be subject to the same withdrawal fee rates as personal accounts. The withdrawal fee rates for personal accounts will continue to implement a tiered fee structure, as detailed below:

Tiered Withdrawal Fee Rate Rules:
Participate in remittances or fiat withdrawals, and once the single transaction amount reaches a certain threshold, you can enjoy corresponding fee rate discounts within that range, with a maximum discount of up to 50%. Specific fee requirements are as follows:

Single remittance/withdrawal amount (USD) Withdrawal fee Enjoy discounts
200 ≤ Amount < 2k $20 None
2K ≤ Amount < 100,000 1% None
100,000 ≤ Amount < 300,000 0.90% 10% off
300,000 ≤ Amount < 1 million 0.80% 20% off
1 million ≤ Amount < 2 million 0.70% 30% off
2 million ≤ Amount < 5 million 0.60% 40% off
Amount ≥ 5 million 0.50% 50% off

Fee Rate Description and Service Terms:

  1. This adjustment applies to all BiyaPay users;
  2. Remittance/withdrawal fee discounts will be calculated based on the amount of each transaction, and fees will be directly deducted from the remittance/withdrawal amount;
  3. One real-name user can only use one account;
  4. All users must strictly adhere to BiyaPay service terms;
  5. We oppose cheating behaviors. If discovered and verified, BiyaPay reserves the right to take action;
  6. BiyaPay has the final interpretation rights for this adjustment. If there are further adjustments, additional notices will be announced.

Thank you for your longstanding trust and support in BiyaPay.

About BiyaPay

BiyaPay is a global multi-asset trading wallet that supports the exchange of more than 30 legal currencies and more than 200 digital currencies using USDT as a medium, providing users with safer and faster international remittances.It also supports USDT trading of US and Hong Kong stocks. Users do not need to apply for offshore accounts and can participate in stock trading in real-time with real-time deposits and withdrawals. One account and one fund can invest in global and US and Hong Kong stock markets.

BiyaPay
October 20, 2023