Every transfer arrives as a simple choice. Get it now: the first $500 in the wallet within minutes and the rest within 3 business days, spendable as gift cards worth extra or a prepaid Visa, or held for weekly rewards. Or straight to the bank: the full amount as one deposit, 7 to 10 days to major banks, 10 to 15 to others.
Convert some or all of a transfer into digital gift cards from a catalogue of hundreds of brands covering groceries, fuel, mobile top-up, dining and retail. Cards are delivered instantly in the app, ready to spend.
Here is the part that matters: gift cards are worth more than the amount converted. Send $200, take it as a grocery card, and it buys more than $200 of groceries. The extra value comes from our brand partnerships and we pass it to the person receiving.
Cards can be split across brands, saved for later, or shared onward. No bank account is needed at any point.
Illustrative. The live bonus rate is shown in the app at conversion.
| Option | Available | Extra value | Needs a bank? | Best for |
|---|---|---|---|---|
| Gift cards | Minutes | Extra value | No | Everyday spending: groceries, fuel, phone credit |
| Prepaid Visa | Minutes | Face value | No | Spending anywhere Visa is accepted, cash withdrawal |
| iPayMate wallet | Minutes | Weekly cashback rewards | No | Holding money safely until it is needed |
| Bank deposit | 7–15 days | Face value | Yes | Rent, bills and anything paid from a bank account |
Up to $500 per transfer is available in the wallet in minutes; the remainder reaches the wallet within 3 business days. Gift cards, the prepaid Visa and rewards all operate from the wallet. The bank option takes the full amount as a single deposit: 7 to 10 days to major banks, 10 to 15 days to others.
Anything left in the iPayMate wallet earns rewards every week it stays, paid as cashback into the same wallet. There is no lock-in and no minimum stay. Convert to gift cards, move to a prepaid Visa or send to a bank whenever it suits.
The iPayMate wallet is not a bank account and rewards are promotional cashback, not interest. Reward rates are set out in the wallet terms.
The prepaid Visa works anywhere Visa is accepted, in store and online, and can withdraw cash where local ATMs allow. It is issued digitally in minutes, so a recipient with no bank account still gets a card in their hand the same day the money is sent.