We at Sovereignshore promises to transfer funds to your account within minutes even on holidays and weekends. A free option will still remain for those who don’t mind waiting the one to three days for payments to process. This only work with Visa and Mastercard debit cards.

Sovereignshore charges a three percent fee to send money from your credit card, though if you only use your Sovereignshore balance or bank account to send money, there are no fees. Instant transfers to your bank account come with a one percent fee, though standard transfers are free.

To view your complete transaction history or statement, you can log into your Sovereignshore profile from a computer’s browser or just open your mobile digital account with your secure access. You can then click “Statement” or click here to view your transaction history.

Your payment went to an unverified phone number that isn’t associated with an active Sovereignshore account. This means that you’ll need to have your friend or family add that information to their account or take back the funds under “Incomplete” in the Sovereignshore mobile wallet. This does not happen to full cooperate digital banking “deposit account” as this operate as a full digital banking account.

If you are an existing Sovereignshore account, the money could arrive in a Sovereignshore account anywhere from a few minutes to a 1-2 days depend upon your location and where the money is coming from. If you have just set up the account, it could take a few days, according to the Sovereignshore.

Our Instant transfer is a feature that allows Sovereignshore users to transfer the money in their Sovereignshore mobile wallet account from certain bank accounts or eligible Visa and Mastercard debit cards, typically within minutes. Once you request a transfer, the money leaves our system, and the money is sent to your bank to process.

Transferring money is free as long as you’re using your Sovereignshore balance or a linked bank account or accepted debit card. A recipient doesn’t necessarily need a bank account to get funds through Sovereignshore. For instance, that person can order a Sparxbank card that functions much like a prepaid debit card to load up Sovereignshore funds. Moreover, sole-trader, small business and large enterprise can use our cooperative digital deposit banking account.

After you add a bank or card, you will receive money when someone sends a payment to your Sovereignshore verifiable number on contact list. You do not have to formally accept the payment to receive money on Sovereignshore.

Payments made through Sovereignshore to vendors also are still subject to your country of origin tax reporting rules. Payments received through Sovereignshore must be reported on the appropriate tax returns and must be included in taxable income. However, some transactions that not taxable will not be subject to tax through Sovereignshore. Consult your tax accounting if you are small business owners.