Even though all payments on SidelineSwap are processed in USD and all balances are stored in USD, you can still cash out in CAD as a Canadian Seller on SidelineSwap.
If you’re a Canadian user who does not have a bank account that supports USD cashouts, you will need to cashout in CAD. Our payout partner Payoneer will convert your funds from USD to CAD at the current mid-market rate. The funds will process into your bank account 1-2 business days after the cashout has been submitted. All payouts on SidelineSwap are processed via ACH transfer. Payoneer charges a 2% FX fee for these cashouts.
Canadians can also cash out in USD from SidelineSwap. There will be a $15 SWIFT fee associated with this cashout. These cashouts will only process for bank accounts that accept USD transfers.
As always, all cashouts are processed from your Seller Dashboard page.