How Apex Pays International Traders
Apex uses Plane, a third-party payment service, to pay traders outside the United States. Here's everything you need to know about receiving your payouts internationally.
Quick Answer
Apex pays international traders through Plane, an invitation-only payment platform. On your first payout, Apex invites you to register. After setup, all future payouts are fully automated - Apex sends money to Plane, Plane converts it to your currency and deposits it to your bank.
What is Plane?
Plane is a global payments platform that Apex uses to pay traders outside the United States. It handles international bank transfers and automatic currency conversion.
How It Works: Step by Step
Your first payout takes longer because you need to complete Plane registration. Here's what happens:
Apex Sends Invitation
When you request your first payout, Apex sends you an email invitation to register with Plane.
Add Your Bank Account
Register with Plane and add your bank account details. Plane will use this for all future payouts.
Complete Verification
Verify your identity and bank account. Once complete, Apex is notified and releases your first payout.
Receive Your Payout
Plane converts USD to your local currency and deposits it to your bank account.
After your first payout, everything is automated. You don't need to do anything:
Automatic Currency Conversion
Plane automatically converts your payout from USD to your local currency based on the country of your bank account. You don't need to do anything - the conversion happens automatically when funds are transferred.
How it works
Plane detects your bank's country and applies the current exchange rate at the time of transfer.
Supported currencies
Most major currencies are supported. The exact rate depends on Plane's exchange rates at transfer time.
Important Notes
No Cryptocurrency Payments
Plane currently does not support crypto payments. You must provide a valid bank account to receive your payouts. Only traditional bank transfers are available.
Check Your Email
After requesting your first payout, check your email (including spam folder) for the Plane invitation from Apex. You must complete registration to receive your payout.
First Payout Timing
Be patient with your first payout. The registration and verification process takes time. After that, payouts are much faster and fully automated.
Frequently Asked Questions
How does Apex pay international traders?
Apex uses Plane, a third-party payment service, to pay traders outside the USA. When you request your first payout, Apex invites you to register with Plane. After registration, all future payouts are automatically processed through Plane to your bank account.
What is Plane and how do I sign up?
Plane is an invitation-only payment platform. You cannot sign up directly. When you request your first payout as an international trader, Apex sends you an email invitation to register. You then add your bank details and complete verification.
Does Plane convert currency automatically?
Yes, Plane automatically converts USD to your local currency based on your bank account's country. The conversion happens automatically when funds are transferred - you don't need to do anything.
Can I receive payouts in crypto?
No, Plane currently only supports bank transfers. Cryptocurrency payments are not available. You must provide a valid bank account to receive your Apex payouts.
Why is my first payout taking longer?
Your first payout takes longer because you need to complete Plane registration, add your bank account, and verify your identity. This is a one-time process. After setup, all future payouts are automated and faster.
Do I need to do anything after my first payout?
No. Once you've completed Plane registration with your first payout, everything is automated. Just request payouts from Apex - they'll automatically send money to Plane, which deposits it to your bank.
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