What are my payment and funding options when I use my MonsterPay account?
You can use your MonsterPay balance, a bank account, or a credit card to fund your payments.
Payment Options
MonsterPay Balance:
When sending money with MonsterPay, the balance in your MonsterPay account is used first.
If you have more than one positive currency balance, the entire amount is funded from the selected currency.
If the balance used to send the payment is insufficient, it may default to another currency balance depending on the amount of funds available.
If your payment is sent from a currency balance that is not open, the payment is funded with a registered credit card or bank account. Please review the funding source used to fund your payment flow. Once your payment is sent, the funding source cannot be changed.
eCheque:
A withdraw from your bank account. A credit card or secondary bank account is not required as a back-up funding source.
eCheque payment takes 3-7 days to complete. This timeframe refers to the completion of the entire transfer process and not the date the funds are debited from the bank account.
Estimated clearing date is listed on the Transaction Details page.
eDeposit:
A transfer from your bank account. A credit card or secondary bank account is not required as a back-up funding source.
eDeposit payment takes 3-7 days to complete. This timeframe refers to the completion of the entire transfer process and not the date the funds are debited from the bank account.
If funds are not received within 7 days the transaction is canceled.
Credit Card:
Transfer occurs immediately.
Members who add a credit card to their account initially have a Sending Limit.
After verifying the credit card this limit is lifted.
Account Funding Options
eCheque:
A transfer from your bank account. A credit card or secondary bank account is not required as a back-up funding source.
eCheque payment takes 3-7 days to complete. This timeframe refers to the completion of the entire transfer process and not the date the funds are debited from the bank account.
Estimated clearing date is listed on the Transaction Details page.
eDeposit:
A transfer from your bank account. A credit card or secondary bank account is not required as a back-up funding source.
eDeposit payment takes 3-7 days to complete. This timeframe refers to the completion of the entire transfer process and not the date the funds are debited from the bank account.
If funds are not received within 7 days the transaction is canceled.