Scallop Blog
  • Scallop Blog
  • 💼From the Desk
    • From CEO's Desk
      • The Evolution of Fintech: Global Trends and Future Prospects
      • Navigating Regulatory Challenges in the Crypto Space: Insights from a Fintech Pioneer
      • Regulatory Action Is Critical To Address The Immediate Risks In The Crypto Monetary System
      • Crypto Is The Future And Must Pass The Three Crucial Tests
      • Scallop’s 3 Commandments For A Safe And Secure Crypto Ecosystem
    • From CTO's Desk
      • Blockchain And The Convergence Of Banking And DLT
    • Updates
      • Scallop Obtains PSD Compliance For EU Banking Services
      • New Year’s Message from our CEO
      • Letter from the CEO: The Year Of New Beginnings
      • Scallop 2022: Our Year Long Journey With You
  • 📅Month-In-Review
    • 2021
      • June
      • July
      • August
    • 2022
      • January
      • February
      • March
      • April
      • June
      • July
      • August
      • September
      • October
      • November
      • December
    • 2023
      • January
      • February
      • March
      • April
      • May
      • June
      • July
      • August
      • September
      • October
      • November
      • Scallop’s Year in Review 2023: A Chronicle of Engagements and Milestones
    • 2024
      • January Spotlight: Unveiling Excitement for the New Year
      • February Spotlight
  • 🤝Partnerships
    • Adlunam
    • Blockchain for Europe
    • Carbon
    • Ceffu
    • Chainlink
    • Elfin Games
    • Pendulum
    • Uno Re DAO
  • 🎙️AMA's
    • Scallop AMA (Jan 26th, 2023)
    • Scallop AMA (17th Feb)
    • Scallop AMA (10th March, 2023)
    • Scallop X Bitmart
  • 🎊 Competitions and Events
    • Competitions
      • Scallop “Double-Up” Christmas Competition
      • Easter Giveaway
      • Win 12,000 SCLP With Trick or Treat
      • Scallop x TOKEN 2049 London — Competition
    • Events
      • Scallop unveils Beta-Product and Ledger partnership at Token2049 London
  • ⁉️FAQs
    • Getting started
    • Scallop App
    • Scallop Banking Security
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On this page
  • How quick are international money transfer services ?
  • Is Money transfer across the borders cheaper at Scallop compared to the traditional system?
  • How do we know if Scallop rates are lesser compared to the traditional finance world?
  • What benefits will a user get using a Scallop card?
  1. FAQs

Getting started

How quick are international money transfer services ?

Our supported Swift payments may take up to a few days depending on the countries involved in the transaction and their corresponding banking systems. We also provide an instant remittance service, which will allow users to instantly remit funds out of Scallop accounts through our partner bank Modulr. This means that recipients can receive the funds almost immediately, without the need for any additional processing time.

Is Money transfer across the borders cheaper at Scallop compared to the traditional system?

Money transfers across borders will cost far less than traditional banking systems, this is thanks to our partnerships with some of the world's best remittance service providers.

How do we know if Scallop rates are lesser compared to the traditional finance world?

Scallop’s rates are easily comparable to our competitors Transferwise, Remitly, Xe , Ria etc. Our great partnerships and innovative neo-banking structure, allows us to keep our rates better than the alternative providers.

What benefits will a user get using a Scallop card?

The Scallop card is an all-in-one VISA debit card that allows users to spend both fiat currency and cryptocurrency. It functions as a traditional payment card but with the added benefit of being able to store and use cryptocurrencies. One notable feature of the Scallop card is the Auto Top-up function, which automatically sells your crypto to replenish your bank account when your fiat balance runs low.

This seamless integration of crypto and fiat currencies ensures you can conveniently manage and spend your funds without any hassles.

Some of its other features include:

  • 
Scallop card has zero monthly or yearly fees

  • 
Scallop card offers fast and easy crypto-fiat conversion. You may quickly convert currencies and use your card for purchases overseas with its safe payment.


Scallop is dedicated to constant innovation, enabling us to provide our customers with the best of both crypto and fiat worlds. We strive to offer cutting-edge products that meet the evolving needs of our customers. We invite you to experience our innovative solutions and discover how we can make managing your finances more convenient and rewarding.

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Last updated 1 year ago

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