How to Make OTC Payouts Using Platnova

How to Make OTC Payouts Using Platnova

How to Make OTC Payouts Using Platnova

Over-the-counter (OTC) payouts on Platnova provide a fast and reliable way to send money directly to bank accounts across supported countries. Whether you're making business payments or personal transfers, the process is simple and efficient.

This guide walks you through the steps to successfully complete an OTC payout on Platnova.

What is an OTC Payout?

An OTC payout allows you to transfer funds from your Platnova account directly to a recipient’s bank account in another country. It is designed to make cross-border transactions seamless, secure, and accessible.

Step-by-Step Guide to Making an OTC Payout

1. Log in to Your Platnova Account

Start by accessing your Platnova account using your registered email and password. Ensure your account is fully verified to avoid any transaction delays.

2. Navigate to the Hub Section

Once logged in:

  • Locate the Hub icon at the far end of your dashboard.
  • Click on it to access additional services.

3. Select OTC Payout

From the available options in the Hub:

  • Click on “OTC Payout” to begin the transaction process.

4. Choose the Destination Country

You will be prompted to:

  • Select the country where the recipient’s bank account is located.

This ensures the system applies the correct payout channels and requirements.

5. Enter Recipient Banking Details

Provide the required information accurately, including:

  • Recipient’s full name
  • Bank name
  • Account number
  • Any other required banking details

⚠️ Ensure all details are correct to avoid failed or delayed transactions.

6. Review and Proceed

  • Double-check all the information entered.
  • Click “Proceed” to complete your OTC payout request.

Important Tips for a Smooth Transaction

  • Always verify recipient details before proceeding.
  • Ensure sufficient balance in your account.
  • Check for any applicable fees or exchange rates before confirming.
  • Contact support if you encounter any issues during the process.

Conclusion

Making OTC payouts on Platnova is designed to be straightforward and efficient. By following these simple steps, you can send funds securely across borders with ease.

If you need further assistance, Platnova’s support team is always available to help.