The Ultimate Guide To Your Elevate Pay Account

The corporate world has changed dramatically in recent years. Today, around 28 percent of the global workforce works remotely. This shows the rise in global work opportunities and the demand for global payment methods. While the Western world has always been loaded with options, emerging markets have never had an ideal solution. 

Enter Elevate Pay—a virtual US bank account explicitly designed to meet the needs of modern professionals navigating the complexities of international payments. Since USD is the global currency, the need for a global USD account that operates smoothly in rising economies is high. This is precisely what Elevate Pay offers. 

This guide explains Elevate Pay in detail. Learn how to create your account and maximize all its uses. 

What is Elevate Pay?

Elevate Pay is the solution to your everyday financial struggle of dealing with USD and juggling between unreliable wallets. By giving you a USD bank account sponsored by Bangor Savings Bank, Elevate Pay gives you a lifetime solution to your USD needs. 

Due to a lack of options, freelancers and remote workers in emerging markets have been forced to use solutions focused on Western markets like Paypal and Payoneer. However, with Elevate Pay, you get local support for your USD finances like never before. 

Western solutions are primarily inconsistent with their services in emerging economies, and there is always a fear of losing your account. And you have relied on those solutions for all this time. Elevate Pay is here to stay and will be your partner for the years to come. 

Key Features of Elevate Pay

Elevate Pay has much to offer, making it a stand-out option. Elevate Pay ensures low fees and the best FX rates, making transactions easier. It ensures that accessing your hard-earned USD is a matter of a few taps and not a struggle. Therefore, Elevate Pay has a USD account sponsored by Bangor Savings Bank. So, a real bank account rather than just a virtual wallet. 

A virtual digital wallet offers limited functionality, whereas you can do more with a bank account. Most importantly, you can connect your bank account with freelance platforms and receive direct deposits. 

Use Elevate Pay to experience faster transactions to your local wallets and get access to your US Dollars right when you need them. Until then, you can save them as USD in your Elevate Pay account and avoid inflation risks. 

Elevate Pay goes above and beyond to ensure the safety of your funds. It is built with AES 256-bit encryption and SSL/TLS 1.2 to secure data in transit. You get real-time notifications for any account activity, face and touch ID login, and all payments are secured with 2-factor authentication. 

Along with the best FX rates, Elevate Pay charges a flat fee of $1.50 for all transactions, making it the best option against competitors. Here’s how a $1000 transaction compares:

Let’s dive into how you can get started with Elevate Pay.

How to Create an Elevate Pay Account

Creating an Elevate Pay account is a simple 3-step process. Let’s dive into the guide and help you create your Elevate Pay account:

Start by downloading the app & signup

Start by downloading the mobile application on your Android or Apple smartphone. Elevate Pay does not yet have a web version for services, so you’ll have to download the app on your mobile device. 

You can sign up on the app by submitting your email and mobile phone number. Your phone number must belong to a service provider in a supported country. 

Complete the verification and wait for approval.

Elevate Pay highly values security on the platform and, therefore, requires you to complete the Know Your Customer process. You must take a live selfie, upload your ID, and share a document containing your address, ensuring your area of residence.

Elevate Pay reviews and approves your account typically between 24 to 72 hours. However, excessive demand may result in a longer wait time for profile approval. 

Receive USD

Once your profile is approved, you can receive USD in your Elevate Pay account. You can receive direct deposits via ACH or Wire transfer or through freelance platforms like Upwork and Fiverr.

Using Elevate Pay for Transactions

Your Elevate Pay transactions are simple and smooth. Whether you want to fund your account, receive a monthly salary, or send your hard-earned USD to your local account, everything is done with a few taps on your smartphone. 

How do you receive money in your Elevate Pay account?

Your USD account provided by Elevate Pay works like any other bank account. To complete transactions to your account, you get your account number and a routing number, which you provide to the sender to send you money. Using your USD account details is somewhat different; you may want to learn about routing numbers, SWIFT codes, etc.

You can fund your Elevate Pay account using ACH and Wire transfers, which are supported by almost all other payment platforms. You can also directly add money to your account through freelance platforms like Upwork and Fiverr. However, you cannot yet fund your Elevate Pay account with credit cards. 

Whether you are a freelancer, remote worker, or digital nomad, an Elevate Pay account can improve your financial management. 

Integrating Elevate Pay with freelance platforms

Setting up Elevate Pay as your payout method for freelance platforms is simple. Since it is tailored to support freelancers, it works effortlessly with platforms like Upwork and Fiverr. 

To set up Elevate Pay as your Upwork payment method, you can:

Go to settings -> User settings -> Get Paid -> Add a method -> Direct to US bank -> Add account details.

Once you have completed the process, you need to wait three days before your payment method is active and ready to use. 

To use Elevate Pay as your Fiverr payment method; you need to have a Payoneer account because Payoneer powers the bank transfer from Fiverr. To add Elevate Pay to Fiverr, go to:

My Business -> Earnings -> Manage Payout Methods -> Add Payout Method -> Bank Transfer -> Already have  a Payoneer Account -> Add a New Bank Account -> Enter Bank account details -> Wait for review

After completing the steps, wait for a confirmation email to start using Elevate Pay as your payout method. 

Using Elevate Pay to Send Money to Local Wallets and Bank Accounts

Elevate Pay focuses on ensuring easy money access to all users. Therefore, it offers fast transfers to local wallets like JazzCash, Easypaisa, bKash, etc. You can access your funds from Elevate Pay by transferring them to your local wallets immediately. 

Here’s how you can add a new payee to send money to any of these wallets:

Sign in and Tap on ‘Send Money’ -> Tap the + button -> Select the country of the wallet (for example, select Pakistan if you want to send to Easypaisa) -> Select the wallet you want to add a new payee for -> Add receiver’s account details -> Send funds.

What Makes Elevate Pay Stand Out?

Payment platforms focused on Western markets struggle to maintain their services in emerging markets. Growing economies face challenges and uncertainties; therefore, only a tailored platform like Elevate Pay can deliver in such environments. 

With Elevate Pay, you’re not looking at a temporary solution that you replace when something better comes along. Elevate Pay will be your go-to payment platform for your entire USD journey.

Conclusion

Once you sign up with Elevate Pay, you get access to all the essential features, like a USD account, and you can start using it with freelance platforms of your choice. Using the given guides, you can seamlessly set up Elevate Pay as your payout method for freelance platforms. 

Once you get your account and routing number, sending or receiving money becomes easy. That’s all the details you need to start dealing in USD from your home country.