prop payout methods

hayseed

Master Trader
Jul 27, 2010
1,546
332
149
usa
some time back wise decided to remove itself as a withdrawal method for most if not all prop firms....

a bank wire draft was implemented by some until a replacement for wise could be found...... this cuts out the middle man, which quite often is best..... except for the middle man..... which in this case had already left.....
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most will know this, some might not......

myfundedfx now has chosen riseworks as payout method.... total time spent signing up with riseworks was less than a day due to kyc approvals in order of received...... i don't think you can, today, be verified in advance..... its almost like you have to get a 'intvite' to be verified..... which makes good business sense.....

once completed and verified, myfundedfx must receive some confirmation.... because a few minutes later they sent a paynow type invoice to my account..... and a few minutes later i could withdraw it.....

from this point forward looks like a 3 minute max time spent on riseworks to withdraw via bank wire.....

not bad at all.....h
 
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Looks more like a replacement for Deel, which is now wary of prop firms.
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hey enivid..... thanks.... my error, you are correct..... it was deel, not wise, that said no more and broke the chain.....

i fully understand deel's apprehensions.....h
 
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Don't know who deel is but WISE is awesome, also with Topstep I believe, anyone?
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deel is similar to wise, paylocity and such...... i never had any trouble with any of payment systems...... they all are 1 day process......

did get a little old having to go through the kyc verification with so many different payment providers......

my preference is ach wire transfer, but almost sure topstep offers wise also........

darwin uses wise......h
 
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