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Users of Hyperwallet have discovered a range of business problems that this software effectively solves. By simplifying the process of …
Overview
What is Hyperwallet?
Hyperwallet provides organizations with a transparent way to distribute funds to their global contractors, suppliers, and resellers. Built atop sophisticated online and mobile payments technology, Hyperwallet’s payment architecture unifies fragmented financial infrastructure in a singular environment to provide a complete…
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What is Hyperwallet?
Hyperwallet provides organizations with a transparent way to distribute funds to their global contractors, suppliers, and resellers. Built atop sophisticated online and mobile payments technology, Hyperwallet’s payment architecture unifies fragmented financial infrastructure in a singular…
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Product Details
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- Integrations
- Tech Details
What is Hyperwallet?
Hyperwallet provides organizations with a transparent way to distribute funds to their global contractors, suppliers, and resellers. Built atop sophisticated online and mobile payments technology, Hyperwallet’s payment architecture unifies fragmented financial infrastructure in a singular environment to provide a complete global payout platform.
Hyperwallet’s global payout platform enables localized, multi-currency distribution to just about anywhere in the world. Its payout solutions are available as an SaaS or through REST API integration, and all include systems monitoring, maintenance management, payee support tools, and KYC/AML compliance. Hyperwallet's range of payout options aim to ensure that payees get their money quickly, conveniently, and affordably—wherever they are.
Small & Medium-sized Business
Send money to multiple payees at the same time. Business payout capabilities are available in 24 currencies and can be sent to both PayPal and Venmo accounts.
Large Enterprise
Control the payout experience by offering payees up to 9 different payout methods within a custom branded environment or fully integrated into a website or mobile experience.
Marketplaces & Platforms
Decouples pay-in from pay-out; receive, settle, and distribute funds all over the world – all while remaining compliant with local and international payment regulations.
PayPal’s payout capabilities, powered by Hyperwallet, are designed to solve mass payment disbursement complexities for organizations of all sizes. From fast, digital transfer methods, to in-depth reporting capabilities and integrated funding, PayPal’s payout technology can provide businesses, enterprises, or marketplaces with the flexibility and control needed to streamline operations and scale payout reach.
Hyperwallet Video
PayPal’s Marketplace-Led Payout Capabilities (powered by Hyperwallet)
Hyperwallet Integrations
Hyperwallet Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Users of Hyperwallet have discovered a range of business problems that this software effectively solves. By simplifying the process of managing payments, Hyperwallet becomes an invaluable tool for businesses and individuals alike. With features like payment tracking and compliance management, users can easily monitor their transactions and ensure regulatory adherence. This not only enhances the user experience but also saves valuable time and effort.
The reporting tools provided by Hyperwallet are highly beneficial in managing payments effectively. Users appreciate the ability to generate detailed reports which help them analyze payment data and make informed decisions. This level of financial visibility enables businesses to better understand their cash flow, identify trends, and optimize their payment strategies accordingly. By offering these robust reporting capabilities, Hyperwallet empowers users with actionable insights to streamline their financial operations.
Hyperwallet's flexible payment options address the complexities associated with traditional payment methods. Users appreciate the ability to offer bank transfers, prepaid cards, and gift cards as payment options, particularly for cross-country transactions. This flexibility makes it easier for users to send cross-country gift cards with ease and at lower charges. Moreover, Level certification ensures the security of transactions, providing users with peace of mind when it comes to the safety of their funds.
For businesses in the healthcare domain, Hyperwallet has become an instrumental solution for automating salary payouts for employees and vendors. By simplifying this process, businesses can save time and resources, allowing them to focus on more critical matters within their organization. Additionally, using Hyperwallet for batch payments and externalizing payments management has proven to be a significant benefit for many users, saving them effort while ensuring smooth operations.
Moreover, Hyperwallet has helped users save on transaction costs for payouts to customers. By utilizing this platform for accepting payments across various products and freelance work, especially for international transactions, users have found it to be the best payment option available. The ease of use and reliability of Hyperwallet make it a preferred choice when it comes to accepting payments globally, resulting in cost savings and greater convenience for businesses and freelancers alike.
Helpful Tool for Withdrawing Money: Users have found Hyperwallet to be a helpful tool for withdrawing money, with multiple reviewers mentioning this as a positive aspect.
Global Presence and Availability: Reviewers appreciate that Hyperwallet is available in almost all countries worldwide, which encourages users and companies to shift towards using it as their preferred payment solution.
Variety of Payment Methods: Many users have praised Hyperwallet for offering a variety of payment methods compared to its competitors. This flexibility has been seen as a valuable feature by customers looking for different ways to send and receive funds.
Lengthy setup process: Several users have expressed frustration with the time-consuming and lengthy setup process, especially for customers in India.
Fees for keeping funds: Some customers have voiced dissatisfaction regarding the charges for keeping funds in their Hyperwallet account after the initial 90-day period, as fees are applicable if the amount is not withdrawn within that timeframe.
Slow customer support: Users have experienced slow response times from Hyperwallet's customer support team, making it difficult to reach them by phone or receive timely answers to questions.