What is Airtm? A Comprehensive Overview

What is AirTM?

Airtm is a digital wallet that transcends borders, lets you easily hold digital dollars USDC, swap currencies, and pay (or get paid) from your local bank account, no matter where you or your contacts are in the world, with a network of payment methods.

You can open a personalized and stable digital dollar account USDC, in minutes and enjoy the financial freedom you need to develop your talents. Airtm uses a stable digital dollar account that allows businesses to deliver low-cost, dollar-denominated payouts, and enables recipients to convert to local currency easily.

In this guide, we will talk about:

• What is Airtm?

• What is Airtm payment?

• What is Airtm payment method?

• Airtm US Virtual Account

• Some use cases of the US virtual account on Airtm

• How to generate extra income via Airtm

 

What is Airtm?

Airtm is the world’s most connected digital dollar account with over 500 different ways to buy and sell digital dollars, USDC. Airtm is incorporated in the United States and registered with FinCEN as an MSB (Money Service Business) with a presence in more than 190 countries.

AirTM is a financial services company that functions like a peer-to-peer marketplace for exchanging money. Here’s a breakdown of its key features:

• Dollar-based accounts: AirTM allows users to hold and transact with US dollars through their online platform, even if they are located in a different country with a different currency. This can be helpful in regions with unstable local currencies.

• Multiple payment methods: You can add and withdraw funds using various payment methods, including bank transfers, mobile wallets, and cash deposits through a network of local cashiers.

• Global online platform: AirTM allows users worldwide to exchange fiat currency (US dollars) and digital assets (including cryptocurrency).

• Global reach: The service is available in many countries worldwide, making it a convenient option for international transactions and freelancers who receive payments from abroad.

• Local currency conversion: AirTM acts like a digital dollar account, enabling users to deposit and withdraw their local currency. They have a network of cashiers who facilitate these transactions for a fee.

• Currency conversion: AirTM facilitates the conversion of local currencies to US dollars and vice versa, often at competitive rates.

• Competitive exchange rates: AirTM is especially useful for people who work remotely and need to receive payments internationally. It offers competitive exchange rates for currency conversions and avoids the limitations of traditional bank transfers.

• Security and stability: AirTM provides a way to store and protect your money from devaluation in a stable digital currency USDC, to hedge against fluctuations in your local currency. With USDC, which has a 1:1 equivalence with the US dollar, your money does not lose its value and you can withdraw funds to your local currency quickly and safely.

AirTM is a versatile platform for international money exchange. AirTM can be a useful tool for freelancers, digital nomads, or anyone who needs to receive payments in dollars and send money internationally.

AirTM is also a useful platform for people in developing economies with unstable currencies, and anyone who wants a secure way to manage their finances online or hedge against currency fluctuations.

What is Airtm payment?

AirTM payments refer to the process of sending or receiving money through the AirTM platform. There are two main ways to understand AirTM payments:

i). Payments made through AirTM

Sending money with AirTM is common. You can use your AirTM balance (in USDC) to send money to another AirTM user anywhere in the world.

Let’s say you want to send money to a friend or family member who lives in another country. You can use your AirTM balance (in USDC) to make the payment. AirTM will then connect you with another user on their platform who is interested in receiving USD.

This other user will pay you in your local currency (or another payment method you prefer) at an agreed-upon exchange rate. Once the other user completes their payment, AirTM will credit the corresponding amount in USD to the recipient’s AirTM balance.

ii). Payments received through AirTM

This can be particularly useful for freelancers or people who do business internationally and receive international payments.

Someone can send you money (USD) through AirTM, and you can then choose to withdraw it in your local currency or another payment method available on the platform.

Imagine you’re a web developer in Nigeria and you’ve been contracted by a client in the United States. Traditionally, you might invoice your client and they would pay you through an international bank transfer. This can be slow, expensive due to fees, and complicated by currency exchange rates.

With AirTM, your client can send you the payment directly through the AirTM platform in USD. This ensures you receive the full amount you invoiced, and you can then choose to withdraw it in your local currency (Nigerian Naira) at a competitive exchange rate offered by AirTM. This eliminates the complexities and fees associated with traditional international bank transfers.

In both cases, AirTM acts as an intermediary, ensuring a secure and efficient transfer of funds between users. It also handles currency conversion at competitive rates.

This can be especially beneficial for users who are located in countries with unstable local currencies or limited access to international financial services. By facilitating peer-to-peer transactions, AirTM can bypass traditional financial institutions and their associated fees. This can result in faster and more cost-effective money transfers.

What is Airtm payment method?

AirTM offers a broad network of payment methods to add and withdraw funds to your AirTM account. These AirTM payment methods cater to different user preferences and locations. This flexibility is a major advantage of the platform.

Here’s a breakdown of the different categories of payment methods available on AirTM:

• Local and international banks: You can link your bank account to your AirTM account and transfer funds directly. This option may vary depending on your location. Availability may vary by region.

• Digital wallets: Connect your digital wallets like PayPal or Skrill to your AirTM account for seamless transactions.

• Prepaid cards: While not explicitly mentioned by AirTM, some variations might include using prepaid debit cards for deposits or withdrawals depending on your location.

• Prepaid digital services: This might encompass adding funds using prepaid services specific to a particular region.

• Gift cards: You can leverage gift cards from certain stores like Amazon or Google Play to add funds to your AirTM balance (availability may vary).

• Cash: Deposit or withdraw cash through AirTM’s network of trusted intermediaries, similar to MoneyGram or Western Union.

The specific payment methods available to you will depend on your location and the currency you want to use.

Airtm US Virtual Account

Airtm’s US Virtual Account is a feature that lets you act like you have a US bank account. You get a virtual US bank address to receive payments directly into your Airtm account through the ACH network, which is commonly used for electronic bank transfers in the US.

The US virtual account on Airtm is available to digital nomads, digital entrepreneurs, freelancers, and anyone with international business online. You can receive and convert funds directly on AirTM with a US virtual account.

When you open your US virtual account in Airtm:

• No need for a physical US bank account or other digital wallets.

• You get a virtual US bank address.

• Your US virtual bank account is directly connected with Airtm.

• Receive payments directly from individuals, businesses, or even your bank account.

• Transfer from any platform with your US virtual account details.

• You can withdraw your money from over 190 countries.

• Flexibility to withdraw funds in more than 500 payment methods.

• One-time opening fee (currently waived for a limited time).

• 1.75% variable fee on each transaction received.

• Only for receiving payments within the US via the ACH network.

• Minimum and maximum transaction amounts apply.

• Takes 3-5 business days to credit funds to your Airtm account.

Some Use Cases of the US Virtual Account on Airtm

Here are some use cases of the US virtual account on Airtm:

• Wise: If you use Wise to cash out, you can now log in to your US Virtual Account to withdraw funds to Airbnb and withdraw your money in local currency with lower fees.

• UpWork: Are you a freelancer getting paid on Upwork? Enter your USA Virtual Account as your payment method and receive your funds directly in Airtm eliminating intermediaries and withdrawing in local currency.

• Deel: If you are hired by a company and paid by Deel, withdraw directly to Airtm avoiding intermediaries, and save up to 40 percent in commissions by converting your salary to local currency.

• Airbnb: The US virtual account on Airtm is ideal for Airbnb hosts to withdraw from Airbnb directly to Airtm, withdraw to local currency, and pay fewer fees.

• Fiverr: Enter your USA Virtual Account details and receive your Fiverr funds directly in Airtm eliminating intermediaries and withdrawing in local currency.

• Ontop: Withdraw your salary from Ontop directly to Airtm, avoiding intermediaries and saving up to 40 percent in fees when converting your salary to local currency.

• Freelancer.COM: Enter your US Virtual Account details and receive your Freelancer funds directly in Airtm, eliminating intermediaries and withdrawing to local currency.

Conclusion

So, what is AirTM? Airtm empowers digital entrepreneurs and gig workers with a borderless platform for money transfers. With Airtm, you have the financial freedom to move your money whenever you need it, no matter where you are, through national and international banks, e-wallets, and more.

AirTM boasts several major payment methods with different variations, so there’s a high chance you’ll find a convenient option for your needs. This extensive selection of payment methods makes AirTM a versatile platform for managing your finances internationally.