Hyperwallet is a global payment system and financial technology company founded in 2000 with operations based in San Francisco, Austin, London, Sydney, and Vancouver.
To enhance PayPal's payout capabilities, they acquired the payout platform in 2018 to provide a single environment to help organizations manage multiple payouts and reduce the fragmented financial infrastructure payees often face when sending mass payouts.
As a PayPal service, it provides fast and low-cost money disbursement technology built atop sophisticated online REST API integration and multiple transfer options to countries around the world.
Today, Hyperwallet gives around 8 million users in over 200 markets, including the best online casinos and gaming platforms, fast and flexible ways to distribute funds and payout winnings with secure eWallet mobile payment technology.
It has three default deposit methods known as payout models to accelerate the platform's onboarding process. The design of auto-configured payouts to PayPal, Venmo, and banks provides solid foundations for future expansions to include additional locations, currencies, and transfer methods.
However, users aren't limited to the three default deposits; Hyperwallet provides a total of 9 unique deposit methods, including:
- eGift cards
- Virtual prepaid cards
- Physical prepaid cards
- Bank cards
- Bank accounts
- Paper checks
- Cash pickups