Invoices in Velocity Global Contractor Management are, by default, denominated in USD or CAD.
Same-day and next-day payments are offered globally, subject to bank cutoff times in different jurisdictions. Please note that for first-time international payments, the processing timeline may extend to 3-5 business days, instead of the standard 1-2 business days, for the funds to arrive in the designated account.
Supported Currencies and Countries
Country | Local Currency Supported? |
🇦🇽 Åland Islands (ALA) | Yes — Uses Euro (EUR) |
🇩🇿 Algeria (DZA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇸 American Samoa (ASM) | Yes — Uses US Dollar (USD) |
🇦🇩 Andorra (AND) | Yes — Uses Euro (EUR) |
🇦🇴 Angola (AGO) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇮 Anguilla (AIA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇬 Antigua and Barbuda (ATG) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇷 Argentina (ARG) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇲 Armenia (ARM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇼 Aruba (ABW) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇦🇺 Australia (AUS) | Yes — Uses Australian Dollar (AUD) |
🇦🇹 Austria (AUT) | Yes — Uses Euro (EUR) |
🇦🇿 Azerbaijan (AZE) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇭 Bahrain (BHR) | Yes |
🇧🇩 Bangladesh (BGD) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇧 Barbados (BRB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇪 Belgium (BEL) | Yes — Uses Euro (EUR) |
🇧🇿 Belize (BLZ) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇯 Benin (BEN) | Yes — Uses West African CFA Franc (XOF) |
🇧🇲 Bermuda (BMU) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇹 Bhutan (BTN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇴 Bolivia (BOL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇶 Bonaire, Sint Eustatius and Saba (BES) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇦 Bosnia-Herzegovina (BIH) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇼 Botswana (BWA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇻 Bouvet Island (BVT) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇷 Brazil (BRA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇮🇴 British Indian Ocean Territory (IOT) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇻🇬 British Virgin Islands (VGB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇳 Brunei Darussalam (BRN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇬 Bulgaria (BGR) | Yes — Uses Bulgarian Lev (BGN) |
🇰🇭 Cambodia (KHM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇨🇲 Cameroon (CMR) | Yes — Uses Central African CFA Franc (XAF) |
🇨🇦 Canada (CAN) | Yes — Excluding Quebec |
🇨🇻 Cape Verde (CPV) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇰🇾 Cayman Islands (CYM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇩 Chad (TCD) | Yes — Uses Central African CFA Franc (XAF) |
🇨🇱 Chile (CHL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇨🇳 China (CNH) | Yes |
🇨🇽 Christmas Island (CXR) | Yes — Uses Australian Dollar (AUD) |
🇨🇨 Cocos (Keeling) Islands (CCK) | Yes — Uses Australian Dollar (AUD) |
🇰🇲 Comoros (COM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇨🇰 Cook Islands (COK) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇨🇷 Costa Rica (CRI) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇨🇮 Côte D'Ivoire (CIV) | Yes — Uses West African CFA Franc (XOF) |
🇭🇷 Croatia (HRV) | Yes — Uses Euro (EUR) |
🇨🇼 Curaçao (CUW) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇨🇾 Cyprus (CYP) | Yes — Uses Euro (EUR) |
🇨🇿 Czech Republic (CZE) | Yes |
🇩🇰 Denmark (DNK) | Yes |
🇩🇯 Djibouti (DJI) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇩🇲 Dominica (DMA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇪🇨 Ecuador (ECU) | Yes — Uses US Dollar (USD) |
🇪🇬 Egypt (EGY) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇬🇶 Equatorial Guinea (GNQ) | Yes — Uses Central African CFA Franc (XAF) |
🇪🇪 Estonia (EST) | Yes — Uses Euro (EUR) |
🇫🇰 Falkland Islands (FLK) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇫🇴 Faroe Islands (FRO) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇫🇯 Fiji (FJI) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇫🇮 Finland (FIN) | Yes — Uses Euro (EUR) |
🇫🇷 France (FRA) | Yes — Uses Euro (EUR) |
🇬🇫 French Guiana (GUF) | Yes — Uses Euro (EUR) |
🇵🇫 French Polynesia (PYF) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇫 French Southern Territories (ATF) | Yes — Uses Euro (EUR) |
🇬🇦 Gabon (GAB) | Yes — Uses Central African CFA Franc (XAF) |
🇬🇲 Gambia (GMB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇬🇪 Georgia (GEO) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇩🇪 Germany (DEU) | Yes — Uses Euro (EUR) |
🇬🇭 Ghana (GHA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇬🇮 Gibraltar (GIB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇬🇷 Greece (GRC) | Yes — Uses Euro (EUR) |
🇬🇱 Greenland (GRL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇬🇩 Grenada (GRD) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇬🇵 Guadeloupe (GLP) | Yes — Uses Euro (EUR) |
🇬🇺 Guam (GUM) | Yes — Uses US Dollar (USD) |
🇬🇬 Guernsey (GGY) | Yes — Uses Pound Sterling (GBP) |
🇬🇳 Guinea (GIN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇭🇲 Heard Island and McDonald Islands (HMD) | Yes — Uses Australian Dollar (AUD) |
🇭🇰 Hong Kong (HKG) | Yes |
🇭🇺 Hungary (HUN) | Yes |
🇮🇸 Iceland (ISL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇮🇳 India (IND) | Local currency restricted. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇮🇩 Indonesia (IDN) | Local currency restricted. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇮🇪 Ireland (IRL) | Yes — Uses Euro (EUR) |
🇮🇲 Isle of Man (IMN) | Yes — Uses Pound Sterling (GBP) |
🇮🇱 Israel (ISR) | Yes |
🇮🇹 Italy (ITA) | Yes — Uses Euro (EUR) |
🇯🇲 Jamaica (JAM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇯🇵 Japan (JPN) | Yes |
🇯🇪 Jersey (JEY) | Yes — Uses Pound Sterling (GBP) |
🇯🇴 Jordan (JOR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇰🇪 Kenya (KEN) | Yes |
🇰🇮 Kiribati (KIR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇽🇰 Kosovo (KOS) | Yes — Uses Euro (EUR) |
🇰🇼 Kuwait (KWT) | Yes |
🇰🇬 Kyrgyzstan (KGZ) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇱🇦 Laos (LAO) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇱🇻 Latvia (LVA) | Yes — Uses Euro (EUR) |
🇱🇸 Lesotho (LSO) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇱🇷 Liberia (LBR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇱🇮 Liechtenstein (LIE) | Yes — Uses Swiss Franc (CHF) |
🇱🇹 Lithuania (LTU) | Yes — Uses Euro (EUR) |
🇱🇺 Luxembourg (LUX) | Yes — Uses Euro (EUR) |
🇲🇴 Macau (MAC) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇰 Macedonia (MKD) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇬 Madagascar (MDG) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇼 Malawi (MWI) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇾 Malaysia (MYS) | Local currency restricted. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇻 Maldives (MDV) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇹 Malta (MLT) | Yes — Uses Euro (EUR) |
🇲🇭 Marshall Islands (MHL) | Yes — Uses US Dollar (USD) |
🇲🇶 Martinique (MTQ) | Yes — Uses Euro (EUR) |
🇲🇷 Mauritania (MRT) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇺 Mauritius (MUS) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇾🇹 Mayotte (MYT) | Yes — Uses Euro (EUR) |
🇲🇽 Mexico (MEX) | Yes |
🇫🇲 Micronesia (FSM) | Yes — Uses US Dollar (USD) |
🇲🇨 Monaco (MCO) | Yes — Uses Euro (EUR) |
🇲🇳 Mongolia (MNG) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇪 Montenegro (MNE) | Yes — Uses Euro (EUR) |
🇲🇸 Montserrat (MSR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇦 Morocco (MAR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇿 Mozambique (MOZ) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇳🇦 Namibia (NAM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇳🇷 Nauru (NRU) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇳🇵 Nepal (NPL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇳🇱 Netherlands (NLD) | Yes — Uses Euro (EUR) |
🇳🇨 New Caledonia (NCL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇳🇿 New Zealand (NZL) | Yes |
🇳🇪 Niger (NER) | Yes — Uses West African CFA Franc (XOF) |
🇳🇺 Niue (NIU) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇳🇫 Norfolk Island (NFK) | Yes — Uses Australian Dollar (AUD) |
🇲🇵 Northern Mariana Islands (MNP) | Yes — Uses US Dollar (USD) |
🇳🇴 Norway (NOR) | Yes |
🇴🇲 Oman (OMN) | Yes |
🇵🇼 Palau (PLW) | Yes — Uses US Dollar (USD) |
🇵🇦 Panama (PAN) | Yes — Uses US Dollar (USD) |
🇵🇬 Papua New Guinea (PNG) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇵🇾 Paraguay (PRY) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇵🇪 Peru (PER) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇵🇭 Philippines (PHL) | Local currency restricted. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇵🇳 Pitcairn (PCN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇵🇱 Poland (POL) | Yes |
🇵🇹 Portugal (PRT) | Yes — Uses Euro (EUR) |
🇵🇷 Puerto Rico (PRI) | Yes — Uses US Dollar (USD) |
🇶🇦 Qatar (QAT) | Yes |
🇨🇬 Republic of the Congo (COG) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇷🇪 Réunion (REU) | Yes — Uses Euro (EUR) |
🇷🇴 Romania (ROU) | Yes |
🇷🇼 Rwanda (RWA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇧🇱 Saint Barthélemy (BLM) | Yes — Uses Euro (EUR) |
🇸🇭 Saint Helena (SHN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇲🇫 Saint Martin (MAF) | Yes — Uses Euro (EUR) |
🇵🇲 Saint Pierre and Miquelon (SPM) | Yes — Uses Euro (EUR) |
🇼🇸 Samoa (WSM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇲 San Marino (SMR) | Yes — Uses Euro (EUR) |
🇸🇹 São Tomé and Príncipe (STP) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇦 Saudi Arabia (SAU) | Yes |
🇷🇸 Serbia (SRB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇨 Seychelles (SYC) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD) |
🇸🇱 Sierra Leone (SLE) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇬 Singapore (SGP) | Yes |
🇸🇰 Slovakia (SVK) | Yes — Uses Euro (EUR) |
🇸🇮 Slovenia (SVN) | Yes — Uses Euro (EUR) |
🇸🇧 Solomon Islands (SLB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇿🇦 South Africa (ZAF) | Yes |
🇬🇸 South Georgia and the South Sandwich Islands (SGS) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇰🇷 South Korea (KOR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇪🇸 Spain (ESP) | Yes — Uses Euro (EUR) |
🇱🇰 Sri Lanka (LKA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇰🇳 St. Kitts & Nevis (KNA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇱🇨 St. Lucia (LCA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇽 St. Maarten (SXM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇻🇨 St. Vincent and the Grenadines (VCT) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇷 Suriname (SUR) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇯 Svalbard and Jan Mayen (SJM) | Yes — Uses Norwegian Krone (NOK) |
🇸🇿 Swaziland (SWZ) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇸🇪 Sweden (SWE) | Yes |
🇨🇭 Switzerland (CHE) | Yes |
🇹🇼 Taiwan (TWN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇯 Tajikistan (TJK) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇿 Tanzania (TZA) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇭 Thailand (THA) | Yes |
🇹🇱 Timor-Leste (TLS) | Yes — Uses US Dollar (USD) |
🇹🇬 Togo (TGO) | Yes — Uses West African CFA Franc (XOF) |
🇹🇰 Tokelau (TKL) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇴 Tonga (TON) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇹 Trinidad & Tobago (TTO) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇳 Tunisia (TUN) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇹🇷 Turkey (TUR) | Yes |
🇹🇨 Turks and Caicos (TCA) | Yes — Uses US Dollar (USD) |
🇹🇻 Tuvalu (TUV) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇺🇬 Uganda (UGA) | Yes |
🇦🇪 United Arab Emirates (ARE) | Yes |
🇬🇧 United Kingdom (GBR) | Yes |
🇺🇸 United States (USA) | Yes |
🇺🇲 United States Minor Outlying Islands (UMI) | Yes — Uses US Dollar (USD) |
🇻🇮 United States Virgin Islands (VIR) | Yes — Uses US Dollar (USD) |
🇺🇾 Uruguay (URY) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇺🇿 Uzbekistan (UZB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇻🇦 Vatican City (VAT) | Yes — Uses Euro (EUR) |
🇻🇳 Vietnam (VNM) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
🇼🇫 Wallis and Futuna (WLF) | Yes — Uses Euro (EUR) |
🇿🇲 Zambia (ZMB) | Local currency is not supported. Contractor’s bank account must support one of the supported currencies (e.g., USD). |
Supported Currencies
Please ensure to select a supported currency when arranging payments. Contractors can get paid in these currencies:
🇦🇺 Australian Dollar (AUD) | 🇭🇺 Hungarian Forint (HUF) |
🇴🇲 Omani Rial (OMR) | 🇨🇭 Swiss Franc (CHF) |
🇧🇭 Bahraini Dinar (BHD) | 🇮🇱 Israeli Shekel (ILS) |
🇵🇱 Polish Zloty (PLN) | 🇹🇭 Thai Baht (THB) |
🇨🇦 Canadian Dollar (CAD) | 🇯🇵 Japanese Yen (JPY) |
🇶🇦 Qatari Rial (QAR) | 🇹🇷 Turkish Lira (TRY) |
🇨🇳 Chinese Yuan (CNH) | 🇰🇪 Kenyan Shilling (KES) |
🇷🇴 Romanian Leu (RON) | 🇺🇬 Ugandan Shilling (UGX) |
🇨🇿 Czech Koruna (CZK) | 🇰🇼 Kuwaiti Dinar (KWD) |
🇸🇦 Saudi Riyal (SAR) | 🇬🇧 UK Sterling (GBP) |
🇸🇬 Singapore Dollar (SGD) | 🇲🇽 Mexican Peso (MXN) |
🇪🇺 Euro (EUR) | 🇦🇪 United Arab Emirates Dirham (AED) |
🇿🇦 South African Rand (ZAR) | 🇳🇿 New Zealand Dollar (NZD) |
🇭🇰 Hong Kong Dollar (HKD) | 🇺🇸 US Dollar (USD) |
🇸🇪 Swedish Krona (SEK) | 🇳🇴 Norwegian Krone (NOK) |
Restricted Currencies
Contractors cannot receive payments in some currencies:
🇮🇳 Indian Rupee (INR) | 🇵🇭 Philippine Peso (PHP) |
🇮🇩 Indonesian Rupiah (IDR) | 🇷🇺 Russian Ruble (RUB) We are not currently supporting RUB transactions due to the conflict in Ukraine. |
🇲🇾 Malaysian Ringgit (MYR) |
|
Brexit
Due to Brexit there are certain currency restrictions. Affected clients include those operating in the EEA (European Economic Area) and those with contractors based in the EEA. The currencies that we are unable to offer under this arrangement include: Bahrain Dinar (BHD); Chinese Yuan (CNH); Israeli Shekel (ILS); Kuwait Dinar (KWD); Omani Rial (OMR); Qatar Rial (QAR); Russian Ruble (RUB); Thai Baht (THB); Ugandan Shilling (UGX).
Restricted Countries
We have policies to prevent illegal money activities and to follow international laws. This means that we can't send or receive money from certain countries. The list of restricted countries may change over time to keep up with global regulations.
Clients cannot send payments from these countries and contractors cannot receive payments in these countries and regions:
🇧🇾 Belarus |
🇨🇺 Cuba |
🇮🇷 Iran |
🇰🇿 Kazakhstan |
🇱🇧 Lebanon |
🇱🇾 Libya |
🇲🇲 Myanmar |
🇰🇵 North Korea |
🇷🇺 Russia |
🇸🇸 South Sudan |
🇸🇩 Sudan |
🇸🇾 Syria |
🇻🇪 Venezuela |
🇺🇦 Ukraine Regions: Crimea, Donetsk, Kherson, Luhansk, Zaporizhzhia |
Non-Permitted Activity
Velocity Global Contractor Management is committed to minimizing the risk of money laundering and terrorist financing. We maintain strict restrictions on the industries, activities, and countries we engage with. Failure to adhere to these restrictions may cause delays or rejections in payments, with repeated offenses potentially leading to account termination.
Global Restrictions on Industries
Weapons, military-grade equipment
Multi-level marketing schemes
Pawnbrokers
Political organizations
Trading of precious metals and stones, including diamonds
Unauthorized resale of luxury goods, including watch trading
Adult entertainment
Drug paraphernalia
CBD and related products
Carbon credits trading
Cryptoassets
Gambling
Ponzi and pyramid schemes
Firms associated with illegal goods/services, including counterfeit goods, human trafficking, and child labor
Mining and extraction
Scrap metal trading
Energy trading
Speculative trading
United States-Specific Restrictions
Chemicals
FDA-classified medical devices
Medications or prescription drugs
Alcohol
Tobacco
Dietary supplements
Seeds or plants
Regulated financial services
Outbound telemarketing
Non-Permitted Client Types
Financial institutions acting on behalf of others (nested relationships)
Shell banks
Unregistered charities
Restricted Activities
Using our services for FX speculation
Transactions involving cryptocurrencies
Cash-funded remittances
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