“The CaribPay Wallet is a convenient way to send and receive money, pay for goods and services, and manage your finances. Explore the features, benefits, and limitations of the CaribPay Wallet.”
Features and Benefits
- Send and receive money internationally: With the CaribPay Wallet, you can easily send and receive money from family and friends in every Caribbean country and internationally as long as they have a CaribPay Wallet too. This service is fast, secure, and only costs $1.00 XCD per transfer.
- Withdraw funds: You can withdraw funds from your CaribPay Wallet by going to a participating gas station or by transferring the funds to your bank account. Withdrawals at a gas station incur a 4% fee, while bank transfers have a 0.5% fee.
- Scan & Pay: You can use your CaribPay Wallet to pay for your groceries, meals at restaurants, and other goods and services at participating stores with CaribPay QR codes. Scan & Pay is free for all CaribPay account holders.
How to Use the CaribPay Wallet
- Download the app: To use the CaribPay Wallet, you need to download the mobile app from the App Store or Google Play Store and create an account.
- Add funds: You can add funds to your CaribPay Wallet using a debit or credit card, visiting a participating gas station, or by transferring money from your bank account. Please note that there may be fees associated with these transactions.
- Verify your identity: To use the CaribPay Wallet, you need to verify your identity by providing personal information such as your name, date of birth, and address. You also need to provide a valid government-issued ID and a document that verifies your address, such as a utility bill or bank statement.
- Start using the wallet: Once you have added funds and verified your identity, you can start using the CaribPay Wallet to send and receive money, pay for goods and services, and manage your finances.
While the CaribPay Wallet offers many features and benefits, there are some limitations to be aware of:
- Currency restrictions: The CaribPay Wallet only supports transactions in Eastern Caribbean dollars (XCD) and US dollars (USD).
- Withdrawal fees: Withdrawals at participating gas stations incur a 4% fee, while bank transfers have a 0.5% fee.
- Inactivity fees: If you do not use your CaribPay Wallet for 12 consecutive months, a monthly inactivity fee of $1.50 will be charged.
- Limited availability: The CaribPay Wallet is only available in Caribbean countries.
- Limited usage: The CaribPay Wallet is NOT a Debit card and cannot be used for online shopping or bill payments at this time.
- You must be at least 18 years old.
- You must have a valid government-issued ID, such as a passport or driver’s license.
- You must have a valid email address and mobile phone number that is registered in your name.
- You must provide personal information, such as your name, date of birth, and address.
The CaribPay Wallet is a convenient and affordable way to send and receive money, pay for goods and services, and manage your finances. By understanding its features, benefits, and limitations, you can make informed decisions about how to use the wallet. Download the app today to start using the CaribPay Wallet!