A recipient can hold two sets of account details: an EUR IBAN for EUR transfers and a USD SWIFT account for USD wire payments. Give a platform the set that matches the currency it sends. Either way, Fiatswaps swaps the payment to USDC and sends it to the recipient's USDC wallet.
1. Match the details to the currency sent
Check in the platform's settings which currency it sends, then give the matching details:
| Currency sent | Details to give the platform | How the payment arrives |
|---|---|---|
| EUR | The recipient's EUR IBAN | SEPA transfer |
| USD | The recipient's USD SWIFT account | SWIFT wire |
Both sets sit on the same recipient, under My Recipients → recipient → Swap: choose EUR or USD under You send, then click Get swap details.
The EUR IBAN is a Danish IBAN and starts with DK. That is the country of the EUR rail, not a restriction on where the payer can be.
2. Create the USD SWIFT account
Each recipient gets an EUR IBAN once their verification is approved. The USD SWIFT account is created per recipient, when you need it:
- Click Swap in the sidebar and choose the recipient next to Recipient.
- Choose USD under You send, and click Get swap details.
- Click Create USD account.
- Wait for the details to appear. Until they do, Send USD to shows USD account is being issued.
Note: You don't need a US bank account of your own to create a USD SWIFT account for a recipient.
3. Copy the details into the platform's bank settings
Copy the details out of Fiatswaps rather than retyping them:
- Click Swap on the recipient's page, choose EUR or USD under You send, and click Get swap details.
- Click Copy all instructions.
- Paste them into the platform's bank transfer settings.
- Check that the account holder name saved on the platform matches the person or entity verified during identity or business verification.
4. If the currency doesn't match the details
A payment sent in a currency the account isn't denominated in is converted by the sending bank before it arrives, and that bank applies its own FX and international transfer charges. Less money reaches the account than the platform sent.
The Fiatswaps fee is shown on each swap. A shortfall bigger than that was taken before the payment reached the account, by the bank that converted it.
Warning: Send USD to the USD SWIFT details and EUR to the EUR IBAN. Sending USD to the EUR IBAN leaves the conversion to the sending bank, and the payment arrives short.
Next: Check which currencies and transfer types an account accepts. Supported currencies →