Wyra applies transaction limits by product and by period (per-transaction, daily, and monthly) as part of its anti-money-laundering program. These limits vary by product and may be updated from time to time. Wyra may require identity verification based on account activity. Accounts that exceed applicable thresholds may have certain operations limited until the relevant verification is completed.
Wyra reserves the right to set and adjust these limits and to request identity verification at its discretion as part of its risk and compliance program.
Frequently asked questions
Transaction limits are part of our anti-money-laundering program and keep the platform safe. They vary by product and period; we may ask you to verify your identity based on account activity.
Your identity information is processed through Stripe Identity, which uses industry-standard encryption. Wyra does not store images of your ID or selfie. We only keep the verification result (approved or not) and the last 4 digits of the document to comply with regulations. Read more in our Privacy Policy.
No. We accept identity documents from practically any country in the world. Wyra was designed with the immigrant community in mind — you don't need an SSN, ITIN or specific immigration status to verify.
Nothing. Identity verification is completely free. Wyra covers the processing cost for you.
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