XEROF

Payouts to Australia

Pay Australian dollars from USDT or USDC

Australia's corridor serves the mining, agriculture and professional-services firms that invoice offshore clients, and the developers and agencies in Sydney, Melbourne and Brisbane paid from abroad. XEROF pays AUD to an Australian bank account from a USDT or USDC balance, business to business, business to consumer and consumer to business, up to AUD 100,000 per payment.

How a payout to Australia works

Payments are addressed with the BSB and account number. Invoices above AUD 100,000 are settled in several payments from one conversion.

Payout currency
AUD
Paid to
Bank account in Australia
Payment types
B2B (business to business), B2C (business to consumer), C2B (consumer to business)
Maximum per payment
AUD 100,000 per payment
Rails
Local bank transfer in AUD
Pricing
Per corridor: the AUD leg is quoted per payment on the confirmation

Who pays Australian dollars this way

  • A buyer settling an Australian agricultural or wine exporter against the invoice.
  • A company paying an Australian software team or agency in AUD.
  • A private client paying an Australian conveyancer, accountant or contractor.

Paying Australia from Zug: timing and practicalities

Sydney is eight to ten hours ahead of Zug, so an Australian dollar payment confirmed in the Swiss morning is credited overnight Australian time and visible to the beneficiary the next Australian morning. Australian banks clear on weekdays and close for national and state holidays.

Beneficiaries are addressed by the six-digit BSB and account number, and companies add their ABN. The AUD 100,000 per-payment ceiling means a larger invoice is settled as several payments from one conversion, each with its own confirmation.

What XEROF needs before the first payment

  • Beneficiary name, BSB and account number, with ABN for a company.
  • The invoice or contract the payment settles.

A worked example in AUD

You send
USDT 60,000 on ERC-20
XEROF converts
USD 60,000 equivalent at the live rate
Beneficiary receives
AUD in payments of up to AUD 100,000 each
Fees on this example
Brokerage fee plus the quoted AUD leg

Common questions

Can I pay a PayID?
No. Payouts in this corridor go to a BSB and account number. PayID aliases are not accepted.
What is the maximum for a AUD payout to Australia?
AUD 100,000 per payment, set by the receiving market.

Australia: limits set by the receiving market, availability subject to screening and partner requirements, indicative and not an offer. See the coverage table.

Nearby corridors

Open a XEROF account to pay Australian dollars in Australia.

Talk to our teamBook a callOpen account

Cross-border Services Restrictions

FE Swiss Financial AG (XEROF) is a Swiss Virtual Asset Service Provider, member of the Financial Services Standards Association (VQF), a Swiss Self-Regulatory Organisation under the supervision of Swiss Financial Market Supervisory Authority (FINMA). XEROF's products and services are only regulated in Switzerland. They are not registered or approved outside of Switzerland.

Any information on XEROF's website (i) is not intended and should not be construed as an offer, solicitation or recommendation outside of Switzerland and (ii) may not be suitable or lawful in your jurisdiction.

You are welcome to explore XEROF's website at your own initiative. Click 'Continue' if you are either (i) a resident of, domiciled in, or an entity established in Switzerland, or (ii) are a resident of, domiciled in, or an entity established outside of Switzerland but would like to visit XEROF's site on your own initiative.

If you fall under (ii) above, when choosing 'Continue', it is important to do this on your own initiative, as XEROF is not authorized to promote its products and services outside Switzerland. If you do not wish to visit the site, please click 'Back'.

If you click 'Continue' to explore, please note that you:

  1. are confirming you have read and understood the above;
  2. are accessing XEROF's website at your own initiative, without active promotion or solicitation from XEROF;
  3. are responsible for ensuring access is lawful in your jurisdiction; and
  4. understand that exploring the website does not create a client relationship.