MoneyNetint FAQ is Here to Help with Answers to Common Questions

How can we help you?

  • Account Opening
  • API
  • Technical Help
  • Prepaid Card
  • Conversions
  • Pay-In
  • Pay-Out
  • Local Currency Account

Account Opening

Is MoneyNetint registered under the Data Protection Act?

We are registered under the Data Protection Act and take data protection very seriously. We hold the minimum amount of data necessary to complete transactions on your behalf.

Why do I have to open an account to use your services?

An account is required under the strict Anti-Money Laundering Regulations. We are obliged to carry out the full compliance procedures on all our clients.

Why am I being requested to provide documentation?

As a regulated UK company and online service provider, MoneyNetint requires specific documentation to help ensure the security of our users and to comply with the rules and regulations imposed by the UK government and our associated banks.

My application was rejected – May I receive explanations for the rejection?

We apologise, but under the English law, we cannot share with you the reason for the rejection nor provide you with further information about our risk & compliance committee’s decision. Our decision is final.

API

Where can I find API reference documentation?

If you are interested in our Payout API (XML Based) please contact us in order to receive the required documentation and to start your account setup.

Which API should I use?

If you are interested in making mass payouts, you should use the XML based payout API, if you want to integrate every feature of our site into your systems, you should use the RESTful API.

Does MoneyNetint provide APIs for its services?

Yes we do, Moneynetint offers 2 APIs, one is XML based for clients who are interested in mass payouts solutions and we also have a RESTful API where our clients can integrate every feature which is available on our front end platform.

How do I get an API key?

First contact us about this feature and once your account setup is completed, we will provide you with a test API key and following the testing process you will receive the production key.

Technical Help

How can I reset my password?

On the login page, enter your email and click on forgot password to reset.The password must contain at least 8 characters including one lower case character, one upper case character, one digit and one of these special characters [email protected]#$%^&*_. If you are unable to reset your password using the forgot password page, please contact our support team and we will provide you with an alternative link.

How can I change my phone number or email address?

To change your phone number or email, just send a request via email to our support team from your account's email asking for the update. Our support team will address the matter as soon as possible. Please note that the phone number must be a mobile number and not a landline, in order to be able to receive the OTP.

Which Browsers Are Supported By MoneyNetint?

If you're having trouble loading our website, then you may want to try restarting your browser or using a different browser. This can resolve many issues. We recommend always using the latest version of Chrome when possible. Our supported browsers:

  • Internet Explorer 8.0 and later
  • Chrome Latest version
  • Firefox Latest version
  • Edge 2 most recent latest versions
  • Safari 2 most recent latest versions
  • Opera, latest version
  • IE 11, 10, 9
  • IE Mobile 11
  • iOS 2 most recent latest versions
  • Android Nougat (7.0)
  • Marshmallow (6.0)
  • Lollipop (5.0, 5.1)
  • KitKat (4.4)
Our supported mobile browsers:
  • Android, latest version
  • Mobile Safari, latest version

Prepaid Card

How can I request my prepaid card?

Log in to your account choose Prepaid Cards and click on "issue a card". Fill out the requested details to issue your card.

How much money can I upload the first time?

On your first upload the limit is $100. In order to exceed this limit you must upgrade your card and upload your KYC documents.

How can I upgrade my card?

After your documents have been uploaded, you can upgrade your card to $80,000 per year. If your card is lost, we will send you a guiding pack with the steps required to replace it.

How long will it take for my card to arrive?

You can choose "express shipping" and the card will come in 7 working days. Alternatively, it can take up to a month to arrive.

What is the limit for uploading funds to my card?

You can upload up to $5,000 per day, $20,000 per month, and $80,000 per year.

How many cards can I request?

We can issue only one card per currency per client.

How much can I withdraw a day?

You can withdraw up to $500 per day.

Why am I having trouble uploading funds to my card?

This can be for many reasons. The most common causes are:

  1. You don't have a positive account balance in your MoneyNetint account on that card's currency
  2. You already exceeded your daily, weekly or yearly card limit
  3. You did not upgrade your card

What do I do if the payment was declined or cancelled, but I still have a charge on my card?

Most likely, it's just a pending authorisation. The payment will not go through and that charge will be removed from your statement, so there is no need to worry. Depending on the bank, it will take 1-3 business days for the charge to be removed. If the authorisation remains on your statement for longer than 1-3 business days, feel free to contact our support team for further assistance.

Why is my card being rejected when trying to process a payment online?

The transaction was rejected because of one of the following reasons:

  • The E-Commerce feature was not enabled prior to conducting the online purchase. In this case, please toggle on the E-Commerce feature and attempt to make the purchase again.
  • You do not have credit in your MoneyNetint account and therefore cannot use your card until the funds are covered.
  • You have reached your yearly/monthly/daily limit and therefore need to wait until the limit is renewed.

What do I do if I lose my card?

If your card is lost, please contact our support team and request for the cancellation - after the card is cancelled, you will be able to re-issue a new one.

Conversions

How do I exchange my currency?

Log in to your account and select “Conversions.” Next you can choose either buying or selling for the currency. Next, choose the amount, currency and account you wish to transact from. Once you’re ready, press on “Get quote” and you’ll have 30 seconds to make your decision. If you’re happy with the rates and fees presented by the system, press “Buy” and its done.

Why dont MoneyNetints rates match other published rates?

Our rates are based on global sources, which means that data for a currency can be updated even when the markets of its home country are closed. As there are many currency markets all over the world, specific rates will vary from market to market.

Pay-In

How long does it take to receive transfers?

SWIFT payments made from your overseas bank account to your MoneyNetint account will typically take 3-5 business days. SEPA payments can take 1-2 days maximum.

I am expecting funds to my account but they didn't arrive, what can I do?

In this case, send SWIFT confirmation or proof of payment to our support team and we will check if all the details are correct. In case we cannot locate the funds, the sending party will be required to start a tracer investigation.

Will there be any bank fees involved beside the MoneyNetint fees?

There may be bank fees involved which will be deducted from the transfer depending on your bank's policy.

Can I receive payments from individuals and businesses?

In MoneyNetint, we accept business-to-business payments and PSP settlements. However, depending on your type of business, you might not be able to receive payment from individuals. To find out more about this, just email our support team.

How do I receive funds to my account?

In order to upload funds into your MoneyNetint account, you need to have a local currency account . In order to find out more information about this check the "Local Currency Account " section in our FAQ.

Pay-Out

How long do transfers take to be received?

Transfer times are subject to time zones and local banking hours and therefore it depends on where you are sending the funds. Transfers to the US and Western Europe take up to 2 business days. Payments to countries outside of the US and Western Europe can take up to 5 business days to be received by the beneficiary bank.

How much money can I transfer? Are there any limits?

In most currencies, they are no limits and you can send or receive any desired amount as long as the relevant transfer is compliant with our policy. In some exotic currencies there may be a limit - please contact our support team for more information.

In which countries does MoneyNetint support the local currencies?

Moneynetint supports local payments in multiple countries.

  • Brazil (BRL)
  • Canada (CAD)
  • Czechia (CZK)
  • Denmark (DKK)
  • Hong Kong (HKD)
  • Hungary (HUF)
  • India (INR)
  • Indonesia (IDR)
  • Israel (ILS)
  • Japan (JPY)
  • Malaysia (MYR)
  • Mexico (MXN)
  • New Zealand (NZD)
  • Nigeria (NGN)
  • Norway (NOK)
  • Philippines (PHP)
  • Poland (PLN)
  • Romania (RON)
  • Russian Federation (RUB)
  • Singapore (SGD)
  • Sweden (SEK)
  • Switzerland (CHF)
  • Thailand (THB)
  • Turkey (TRY)
  • United Kingdom of Great Britain and Northern Ireland (GBP)
  • United States of America (USD)
  • Vietnam (VND).

Furthermore, Moneynetint supports EUR SEPA transfers to

  • Austria
  • Belgium
  • Bulgaria
  • Cyprus
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Republic of Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovenia
  • Slovakia
  • Spain and Sweden
  • the 3 EEA countries of Norway, Liechtenstein, Iceland.
  • as well as Switzerland, Monaco and Britain.

Are there any hidden charges, costs or commissions?

No. MoneyNetint does not add any additional charges costs or commission to your transaction. The only charge we apply is a payment fee for onward transmission of your funds.

Can I make Instant SEPA transfers?

Yes, our new Instant SEPA service enables businesses with more than 100 monthly transactions to process SEPA payments within minutes. To receive further information about this please contact our support team.

Do rates vary depending on the transfer amount?

Yes, the fees will vary depending on the amount.

What happens if the funds dont reach their destination?

First, you can request the Mt103/Swift confirmation from our support team. Your client will then go to his bank where he should be able to trace the funds. If this has not been helpful, we can process a tracer investigation with the bank to locate the funds.

If I processed a transfer with incorrect details, can I amend it?

If this happens, we can try to cancel the transaction. If the transaction has already been completed, we can send an amendment to the bank. Please note that this process will be done by the bank, and sometimes the money is already on its way back to us and the amendment cannot be placed.

Can I recall a payment?

Recalls will only be successful if the beneficiary will agree to the recall. If we request it but the beneficiary doesn’t agree, the recall procedure will fail.

Can I make payments to individuals and companies?

Yes, you can make payments to individuals and companies.

What payment / beneficiary details do I need to be able to send funds?

This depends on the country to which you are sending. In:

  • Europe - IBAN and SWIFT
  • Canada - account number, SWIFT and Transit code
  • Australia - account number, SWIFT or BSB code
  • New Zealand - account number, 6 digit bank code and SWIFT
  • USA - account number, ABA routing number or SWIFT
  • UK - account number and sort code or SWIFT and IBAN
  • India - account number, SWIFT and IFSC number, reason for transfer
  • China - account number, SWIFT
  • Mexico - account number, (Clabe no). and SWIFT

How can I process an internal transfer?

Press on “Add new recipient” and fill in the recipient User ID (six digit number) and the recipient email for their MoneyNetint account. Continue by selecting the recipient. If you want to transfer to another MoneyNetint account holder, make sure the letters [INT] are located before the recipient's name. Go to “Pay-out “and then select “Transfer to a MoneyNetint Wallet”, if you wish to transfer to another MoneyNetint account. Once the transfer has been completed, it will be processed by us within the hour.

How can I cancel a transaction?

Go to Reports-Pay-out and press on the transaction you wish to cancel. If this transfer is still in status "committed" (which means it has not been processed yet), you will have the option to cancel the transfer. If you are unable to cancel the payment from your end, you may also contact our support team. Please note that transactions can be cancelled only if they have yet to be completed.

When I enter my account, I can only see EUR currency, how can I add a new currency?

As soon as you transfer funds on a different currency or process a conversion, the new currency will automatically be opened on your account.

I made a mistake when adding bank account details. How can I edit the details?

In order to edit a recipient's bank details go to "Settings" and then "Recipients"- choose the recipient you wish to update and click on "Edit recipient". You will also have the option to "Delete recipient", in case you will no longer use this bank account data. If your recipient has more than one bank account, you can click on "Add Bank" and you will be able to send funds to the same receiver using their different bank accounts. In case the bank account of the recipient has changed, you can press "Edit bank account" to update the data.

My funds are being held, what is the reason?

Our risk team works to mitigate any suspicious activity. We do this not only for our safety but for our customers' safety as well. Once a transfer is under review, we will evaluate the case and resolve it as quickly as possible. For reference, here are some examples of suspicious activity that may flag our risk team:

  • Abnormal Processing Activity
  • Abnormal Transaction Amount
  • Dramatic or Unexpected Increase in Volume
  • Mismatched Information on the transfer

Why can not I add the IBAN to my recipient list?

This can be because:

  • The recipient country and the IBAN country mismatch
  • The IBAN is incorrect
  • The recipient country does not require an IBAN

Local Currency Account

What is a local currency account?

Local currency accounts are specifically generated to provide you with an IBAN under your company name. As you won't have access to the account statements, the incoming payments will be immediately reflected in your MNI account. We offer a variaty of local currencies accounts ranging from different currencies and countries.

How long does it take to open a local currency account?

This depends on the chosen service - however, it can range from 1-2 weeks.

How much will it cost to open a local currency account?

The price varies depending on your type of business. For further information contact our support team.

Do I need to have a local currency account in order to upload funds to my MoneyNetint account?

Yes, having a local currency account is mandatory in order to receive funds.

If I have a local currency account in EUR, can I upload USD?

No, you can only receive the currency of the local currency account. However, do not hesitate to contact our support team, and we will check for a USD solution.

What name will I see when processing a payout?

Depending on which local currency account you've opened, you might be able to choose the option to send a payout from this account and in that case, your company name will appear as the sender. Depending on the transfer, this option might not be available. For example, if you have a SEPA account and you are sending a Swift payment, the pay-out will be done from your MoneyNetint account and the name that will appear is MoneyNetint.

  • Account Opening
  • Technical Help
  • Prepaid Cards
  • Conversions
  • Pay-In
  • Pay-Out
  • Local Currency Account

Account Opening

Is MoneyNetint registered under the Data Protection Act?

We are registered under the Data Protection Act and take data protection very seriously. We hold the minimum amount of data necessary to complete transactions on your behalf.

How do I set up an account?

You can open your account directly from our website. Choose the option "Open an individual account" and you will be redirected to a new tab where you'll have to fill in all the necessary information.

What costs are involved in opening an account?

No fees will apply.

How long will it take to set up my Account?

As soon as we have received your completed MoneyNetint application our compliance team will review it and after approved, we will send you an email with your account details.

Why am I being requested to provide documentation?

As a regulated UK company and online service provider, MoneyNetint requires specific documentation to help ensure the security of our users and to comply with the rules and regulations imposed by the UK government and our associated banks.

My application was rejected – May I receive explanations for the rejection?

We apologise, but under the English law, we cannot share with you the reason for the rejection nor provide you with further information about our risk & compliance committee’s decision. Our decision is final.

Technical Help

How can I reset my password?

On the login page, enter your email and click on forgot password to reset.The password must contain at least 8 characters including one lower case character, one upper case character, one digit and one of these special characters [email protected]#$%^&*_. If you are unable to reset your password using the forgot password page, please contact our support team and we will provide you with an alternative link.

How can I change my phone number or email address?

To change your phone number or email, just send a request via email to our support team from your account's email asking for the update. Our support team will address the matter as soon as possible. Please note that the phone number must be a mobile number and not a landline, in order to be able to receive the OTP.

Which Browsers Are Supported By MoneyNetint?

If you're having trouble loading our website, then you may want to try restarting your browser or using a different browser. This can resolve many issues. We recommend always using the latest version of Chrome when possible. Our supported browsers:

  • Internet Explorer 8.0 and later
  • Chrome Latest version
  • Firefox Latest version
  • Edge 2 most recent latest versions
  • Safari 2 most recent latest versions
  • Opera, latest version
  • IE 11, 10, 9
  • IE Mobile 11
  • iOS 2 most recent latest versions
  • Android Nougat (7.0)
  • Marshmallow (6.0)
  • Lollipop (5.0, 5.1)
  • KitKat (4.4)
Our supported mobile browsers:
  • Android, latest version
  • Mobile Safari, latest version

Prepaid Cards

How can I request my prepaid card?

Log in to your account choose Prepaid Cards and click on "issue a card". Fill out the requested details to issue your card.

How much money can I upload the first time?

On your first upload the limit is $100. In order to exceed this limit you must upgrade your card and upload your KYC documents.

How can I upgrade my card?

After your documents have been uploaded, you can upgrade your card to $80,000 per year. If your card is lost, we will send you a guiding pack with the steps required to replace it.

How long will it take for my card to arrive?

You can choose "express shipping" and the card will come in 7 working days. Alternatively, it can take up to a month to arrive.

What is the limit for uploading funds to my card?

You can upload up to $5,000 per day, $20,000 per month, and $80,000 per year.

How many cards can I request?

We can issue only one card per currency per client.

How much can I withdraw a day?

You can withdraw up to $500 per day.

Why am I having trouble uploading funds to my card?

This can be for many reasons. The most common causes are:

  1. You don't have a positive account balance in your MoneyNetint account on that card's currency
  2. You already exceeded your daily, weekly or yearly card limit
  3. You did not upgrade your card

What do I do if the payment was declined or cancelled, but I still have a charge on my card?

Most likely, it's just a pending authorisation. The payment will not go through and that charge will be removed from your statement, so there is no need to worry. Depending on the bank, it will take 1-3 business days for the charge to be removed. If the authorisation remains on your statement for longer than 1-3 business days, feel free to contact our support team for further assistance.

Why is my card being rejected when trying to process a payment online?

The transaction was rejected because of one of the following reasons:

  • The E-Commerce feature was not enabled prior to conducting the online purchase. In this case, please toggle on the E-Commerce feature and attempt to make the purchase again.
  • You do not have credit in your MoneyNetint account and therefore cannot use your card until the funds are covered.
  • You have reached your yearly/monthly/daily limit and therefore need to wait until the limit is renewed.

What do I do if I lose my card?

If your card is lost, please contact our support team and request for the cancellation - after the card is cancelled, you will be able to re-issue a new one.

Conversions

How do I exchange my currency?

Log in to your account and select “Conversions.” Next you can choose either buying or selling for the currency. Next, choose the amount, currency and account you wish to transact from. Once you’re ready, press on “Get quote” and you’ll have 30 seconds to make your decision. If you’re happy with the rates and fees presented by the system, press “Buy” and its done.

Why dont MoneyNetints rates match other published rates?

Our rates are based on global sources, which means that data for a currency can be updated even when the markets of its home country are closed. As there are many currency markets all over the world, specific rates will vary from market to market.

Pay-In

How long does it take to receive transfers?

SWIFT payments made from your overseas bank account to your MoneyNetint account will typically take 3-5 business days. SEPA payments can take 1-2 days maximum.

I am expecting funds to my account but they didn’t arrive, what can I do?

In this case, send SWIFT confirmation or proof of payment to our support team and we will check if all the details are correct. In case we cannot locate the funds, the sending party will be required to start a tracer investigation.

Will there be any bank fees involved beside the MoneyNetint fees?

There may be bank fees involved which will be deducted from the transfer depending on your bank's policy.

Can I receive payments from individuals and businesses?

You can receive payments from :

  • Deposits from another account owned by you
  • Salary Deposits (require Supporting Document)
  • Dividends deposits (require Supporting Document)

How do I receive funds to my account?

As soon as your Moneynetint account is approved, you will receive your local currency account details where you will be able to receive funds.

Pay-Out

How long do transfers take to be received?

Transfer times are subject to time zones and local banking hours and therefore it depends on where you are sending the funds. Transfers to the US and Western Europe take up to 2 business days. Payments to countries outside of the US and Western Europe can take up to 5 business days to be received by the beneficiary bank.

How much money can I transfer? Are there any limits?

In most currencies, they are no limits and you can send or receive any desired amount as long as the relevant transfer is compliant with our policy. In some exotic currencies there may be a limit - please contact our support team for more information.

In which countries does MoneyNetint support the local currencies?

Moneynetint supports local payments in multiple countries.

  • Brazil (BRL)
  • Canada (CAD)
  • Czechia (CZK)
  • Denmark (DKK)
  • Hong Kong (HKD)
  • Hungary (HUF)
  • India (INR)
  • Indonesia (IDR)
  • Israel (ILS)
  • Japan (JPY)
  • Malaysia (MYR)
  • Mexico (MXN)
  • New Zealand (NZD)
  • Nigeria (NGN)
  • Norway (NOK)
  • Philippines (PHP)
  • Poland (PLN)
  • Romania (RON)
  • Russian Federation (RUB)
  • Singapore (SGD)
  • Sweden (SEK)
  • Switzerland (CHF)
  • Thailand (THB)
  • Turkey (TRY)
  • United Kingdom of Great Britain and Northern Ireland (GBP)
  • United States of America (USD)
  • Vietnam (VND).

Furthermore, Moneynetint supports EUR SEPA transfers to

  • Austria
  • Belgium
  • Bulgaria
  • Cyprus
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Republic of Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovenia
  • Slovakia
  • Spain and Sweden
  • the 3 EEA countries of Norway, Liechtenstein, Iceland.
  • as well as Switzerland, Monaco and Britain.

Are there any hidden charges, costs or commissions?

No. MoneyNetint does not add any additional charges costs or commission to your transaction. The only charge we apply is a payment fee for onward transmission of your funds.

Can I make Instant SEPA transfers?

Yes, our new Instant SEPA service enables businesses with more than 100 monthly transactions to process SEPA payments within minutes. To receive further information about this please contact our support team.

Do rates vary depending on the transfer amount?

Yes, the fees will vary depending on the amount.

What happens if the funds do not reach their destination?

First, you can request the Mt103/Swift confirmation from our support team. Your client will then go to his bank where he should be able to trace the funds. If this has not been helpful, we can process a tracer investigation with the bank to locate the funds.

If I processed a transfer with incorrect details, can I amend it?

If this happens, we can try to cancel the transaction. If the transaction has already been completed, we can send an amendment to the bank. Please note that this process will be done by the bank, and sometimes the money is already on its way back to us and the amendment cannot be placed.

Can I recall a payment?

Recalls will only be successful if the beneficiary will agree to the recall. If we request it but the beneficiary doesn’t agree, the recall procedure will fail.

Can I make payments to individuals and companies?

Yes, you can make payments to individuals and companies.

What payment / beneficiary details do I need to be able to send funds?

This depends on the country to which you are sending. In:

  • Europe - IBAN and SWIFT
  • Canada - account number, SWIFT and Transit code
  • Australia - account number, SWIFT or BSB code
  • New Zealand - account number, 6 digit bank code and SWIFT
  • USA - account number, ABA routing number or SWIFT
  • UK - account number and sort code or SWIFT and IBAN
  • India - account number, SWIFT and IFSC number, reason for transfer
  • China - account number, SWIFT
  • Mexico - account number, (Clabe no). and SWIFT

How can I process an internal transfer?

Press on “Add new recipient” and fill in the recipient User ID (six digit number) and the recipient email for their MoneyNetint account. Continue by selecting the recipient. If you want to transfer to another MoneyNetint account holder, make sure the letters [INT] are located before the recipient's name. Go to “Pay-out “and then select “Transfer to a MoneyNetint Wallet”, if you wish to transfer to another MoneyNetint account. Once the transfer has been completed, it will be processed by us within the hour.

How can I cancel a transaction?

Go to Reports-Pay-out and press on the transaction you wish to cancel. If this transfer is still in status "committed" (which means it has not been processed yet), you will have the option to cancel the transfer. If you are unable to cancel the payment from your end, you may also contact our support team. Please note that transactions can be cancelled only if they have yet to be completed.

When I enter my account, I can only see EUR currency, how can I add a new currency?

As soon as you transfer funds on a different currency or process a conversion, the new currency will automatically be opened on your account.

I made a mistake when adding bank account details. How can I edit the details?

In order to edit a recipient's bank details go to "Settings" and then "Recipients"- choose the recipient you wish to update and click on "Edit recipient". You will also have the option to "Delete recipient", in case you will no longer use this bank account data. If your recipient has more than one bank account, you can click on "Add Bank" and you will be able to send funds to the same receiver using their different bank accounts. In case the bank account of the recipient has changed, you can press "Edit bank account" to update the data.

My funds are being held, what is the reason?

Our risk team works to mitigate any suspicious activity. We do this not only for our safety but for our customers' safety as well. Once a transfer is under review, we will evaluate the case and resolve it as quickly as possible. For reference, here are some examples of suspicious activity that may flag our risk team:

  • Abnormal Processing Activity
  • Abnormal Transaction Amount
  • Dramatic or Unexpected Increase in Volume
  • Mismatched Information on the transfer

Why can not I add the IBAN to my recipient list?

This can be because:

  • The recipient country and the IBAN country mismatch
  • The IBAN is incorrect
  • The recipient country does not require an IBAN

Local Currency Account

What is a local currency account?

Local currency accounts are specifically generated to provide you with an IBAN under your name. As you won't have access to the account statements, the incoming payments will be immediately reflected in your MNI account. We currently offer EUR and GBP accounts for individual clients.

How long does it take to open a local currency account?

1-2 days.

How much will it cost to open a local currency account?

For individual accounts, no fees apply.

Do I need to have a local currency account in order to upload funds to my MoneyNetint account?

Yes, having a local currency account is mandatory in order to receive funds.