Funding Pips has shared an enhancement to its payout system by integrating Rise as a primary method for processing payouts. Effective immediately, the firm shared a tiered approach to payouts: transactions below $500 will be executed through cryptocurrency. At the same time, those exceeding $500 will utilize the versatile Rise platform, accommodating both bank transfers and cryptocurrency transactions. The decision to adopt Rise stems from Funding Pips’ commitment to streamlining processes and ensuring traders’ compliance with their respective tax authorities. The automation capabilities of Rise is going to bring greater efficiency to the payout system, providing traders with a seamless and reliable experience.
Funding Pips & Rise- A New Payout ProcessorIn simple words, Funding Pips has shared the following information: For payouts:
- Payouts below 500$ will be processed through crypto.
- Payouts above 500$ will be processed via Rise.
- Rise supports both bank transfer and crypto.
- Automating the payouts.
- They are making sure that their traders are compliant with their respective tax authorities.
About the FirmFunding Pips believes that traders progress through three key stages in their professional journey. To evaluate trading talents and provide support in overcoming funding challenges, they have also developed a two-phase evaluation followed by a funded phase, where traders will become eligible for significant capital. Also, use our Discount Code (FOREXPROPREVIEWS) for a 5% Discount or read the Review.