What Are Global and Local Payouts in KAST?

KAST lets you send money straight from your balance to supported bank accounts using Global Payout and Local Payout, both available through KAST Pay.

Global and Local Payouts use different banking routes depending on the currency and destination. This article explains how each payout type works, which local currencies are supported, what fees to expect, and how to choose the right option.

What Is KAST Pay?

KAST Pay is the payment feature in KAST that lets you send and move money in multiple ways. You can send funds on-chain, send money to other KAST users using a KAST tag, or send money directly to bank accounts using Global or Local Payouts – giving you flexibility on how you choose to move your money.

What Are Global and Local Payouts?

Global and Local Payouts are the two ways KAST Pay sends money to bank accounts.

The option available to you depends on:

• The currency you’re sending
• The destination country
• Whether local banking rails are available

What Is a Global Payout?

A Global Payout (USD via SWIFT) allows you to send USD from KAST to bank accounts in 200+ countries using the SWIFT network.

Global Payouts are used when local banking rails are not available. Funds are delivered in USD, and processing typically takes between 1 and 5 business days, depending on the receiving bank and any intermediary banks involved.

What Is a Local Payout?

A Local Payout sends money from KAST to a bank account through the destination country’s domestic banking system, delivered in the local currency.

Local Payouts are generally faster and more predictable than global transfers. When available, they are the recommended option for sending money to a supported country in its local currency.

Which Local Payout Currencies Are Supported?

KAST currently supports Local Payouts in the following countries and regions:

Additional local payout currencies and regions will be added over time.

How Do I Send a Payout Using KAST Pay?

To send money to a bank account:

	1. Open your KAST app and head to the Pay tab.
	2. Choose USD via Swift (Global Payout) or Local Payout, depending on your needs.
3. Select the destination country (for Global Payout) or currency (for Local Payout).
	4. Select the recipient.
5. Enter the amount and bank details.
	6. Review the transfer details, confirm, and your payout is on its way.

Your funds are converted at the current FX rate, with fees and delivery times shown upfront before you confirm.

What are the Fees and Processing Times for Payouts?

Every payout uses live FX rates with transparent conversion and transfer fees shown upfront. You’ll always know exactly how much you’ll receive and when it’ll arrive.

How Are Fees Calculated?

When you create a payout, KAST shows all costs upfront - so you always know exactly how much will be deducted and how much your recipient will receive.

You’ll see the following breakdown on your payout screen:

• Amount: The total you’re sending (e.g., $10,000)
• Fee: The total cost for this payout (e.g., $15)
• Total Deducted: The total amount that will be deducted from your KAST balance (e.g., $10,015)
• Processing Time: The estimated delivery time based on your region
• FX Rate Validity: How long the shown exchange rate is locked in before it refreshes

What’s Included in the Payout Cost?

Your total payout cost is made up of:

1. FX Conversion Fee – already built into the exchange rate you see when converting your stablecoins to local currency.

   • This percentage depends on the destination country and currency.

     KAST uses the live market rate, adjusted slightly for conversion.

2. Processing Fee (For USD Payouts)
   • A fee applied to cover the operational and settlement costs of converting your stablecoins into USD as part of the payout process.
3. Transfer Fee – shown as the Fee line on your payout screen.
   • This is a fixed cost for sending funds to your bank through our partner’s payment network.

Which Banks Are Supported for Payouts?

Global Payouts works with most major banks around the world. The only requirement is that your bank can receive transfers in the payout method you choose.

• For Global payouts (Global USD):

  You can send funds to any USD bank account that has a SWIFT or BIC code.

• For Local payouts (Local USD, EUR, AED, MAD):

  You’ll need a local bank account in a country that supports that currency.

  For example, EUR payouts go through SEPA in Europe, AED through UAE local banks, and MAD through banks in Morocco.

Frequently Asked Questions

What’s the main difference between Local and Global Payouts in KAST?

Local Payouts use domestic banking systems and deliver funds in the recipient’s local currency. Global Payouts send USD internationally through the SWIFT network.

When should I use a Global Payout?

Use a Global Payout when you need to send money to a country where local payout rails are not available. This option provides the widest country coverage.

Are Local Payouts always faster?

In most cases, yes. Local Payouts are usually same day or next business day, while Global Payouts take longer due to international routing.

Why is my payout taking longer than expected?

Delays are usually caused by incorrect bank details, intermediary bank processing, or additional checks by the receiving bank. Global Payouts may also take longer due to international routing. If your payout exceeds the estimated delivery time, contact KAST Concierge for assistance.

Are there minimum or maximum payout amounts?

Yes. Minimum and maximum payout limits vary by currency and destination country. You’ll see your limits in the app before confirming your payout.