Key Benefits
A single integration, enabling ZAR, EU, or USD collections at scale.
Collect via API or EFT.
Track, manage, and allocate funds instantly via the FiveWest Portal.
Supported by a comprehensive regulatory stack.
Low cost EFT collections 0.2% per EFT deposit
Getting started
How it works
01.
Collect
Collect via API or EFT into your designated FiveWest collection account. No bank account set up required.
02.
Allocate
Allocate funds to designated sub-wallets or aggregate into your primary wallet.
03.
Convert or settle
Convert ZAR to stablecoin, supported cryptocurrency, or desired fiat.
FAQs
Frequently Asked Questions
Learn more about the OTC Desk.
What types of businesses use FiveWest Collections?
Primarily PSPs, CFD brokers, and FSPs that need a licensed, structured way to accept deposits in ZAR, EU, or USD. If your business collect from customers and needs to convert, settle, or allocate those funds onward, FiveWest's Collections capability is built for that.
Do I have to convert collected funds immediately, or can I hold them?
You can hold collected funds in your FiveWest wallet or convert to USDT (or another supported digital asset) when it suits you. Allocation to sub-wallets and conversion timing are both configurable. You can speak to our team if you have specific treasury requirements around timing or currency preference.
What documentation is available for compliance purposes?
Every deposit is reflected on the FiveWest Portal with a complete transaction record. FiveWest operates as a primary FIC accountable institution — compliance documentation is built into the infrastructure. If your compliance team has specific reporting requirements, contact us before onboarding.
Which currencies can I receive in?
FiveWest allows you to collect from payees in South African Rand (ZAR), Euro (EU), or US Dollar (USD). Once collected, funds can be converted to USDT or another supported digital asset on the FiveWest platform.
What methods does FiveWest support for inbound payments?
FiveWest supports collections via EFT and Open Banking. Once received, funds are reflected on the FiveWest Portal and ready to allocate or convert.
How do I get started?
Complete KYB verification with FiveWest and pass any required compliance checks. Once onboarded, Collections can be enabled and wallets whitelisted for conversion. If you're not yet a FiveWest client, contact us — KYB and Collections setup can run in parallel.
