Company Information

Get to know Hyperwallet

Founded in 2000, Hyperwallet is a financial technology company that specializes in providing mass payout solutions to businesses. It enables companies in sectors like the gig economy, online marketplaces, and direct selling to send payments to their international freelancers, sellers, and contractors in their local currency and via multiple payment methods, including bank deposit, prepaid card, and digital wallets. In November 2018, PayPal acquired Hyperwallet for approximately $400 million to enhance its mass payment and treasury services. Today, the service is officially branded as "PayPal Payouts, powered by Hyperwallet," operating as a key part of PayPal's offerings for business clients.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Hyperwallet

United States

Founded in

01 Feb 2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.