- What is Uphold
- Product Quality Score
- Main Features
- List of Benefits
- Technical Specifications
- Available Integrations
- Customer Support
- Pricing Plans
- Other Popular Software Reviews
What is Uphold?Uphold is a tightly secured and compliant platform where currencies can be stored, exchanged, and be used for transactions by companies when conducting business with their clients around the world, for a small fee. Instant payments can also be given by businesses to their workers. This is especially useful for companies with global or dispersed workforce because it eliminates the need for employees to wait, which is usually the case when money is sent through traditional means. Instead, salaries can be sent instantly and in any currency. Also, Uphold provides unique packages to each business because each one of them has their own specific needs and requirements. Thanks to this, no additional expenses are going to be paid by companies to employ the platform’s service.
Product Quality Score
Main features of Uphold are:
- Member Verification
- Security Audits
- 24/7 Security Operations Center
- Real-Time Fund Control
- Convert Currencies
- Hold Money
- Encryption Programs
- Send & Receive Money
- Move Funds
- Strong Password Rules
- Two-Factor Authentication
The main benefits of Uphold are the free storage feature it offers, cheap currency exchange, instantaneous sending and receiving of money, compliance with industry standards, and privacy protection capability. Here are more details:
Uphold can store any kinds of currencies for free. Because of this, businesses can hold any type of currency in their digital wallet provided by Uphold for as long as they like.
Users are also able to exchange currencies at a relatively small price. Instead of the expensive transaction fee that other similar services exact, Uphold takes merely a small percentage for each exchange. This protects businesses from the risks of foreign exchange while having enough funds to cover their operational expenses.
Instant money transfer
Most money transactions take time to process, but with Uphold, the waiting time is cut short. It can send money instantly to recipients; a very handy feature for businesses with dispersed workforce since they’ll be able to pay them without delay. Moreover, sending money is free of charge, which helps them keep a healthier financial situation.
Likewise, they can also accept payments easily from their international customers. Uphold charges a significantly lower amount of transaction rate compared to the cross-border fees.
A FinCen-registered Money Service Business in the United States and holder of compliance and regulatory certificates in EU, Uphold is a compliant platform. It works together with the regulators for making sure that users and employees meet the standards for safe transactions and that the platform is protected from anyone who wants to use it for fraudulent activities.
Uphold uses high-quality data encryption technologies to provide security and protection to members’ financial and personal information. Even the collection of user data is done while being fully compliant with industry standards. This helps ensure that businesses won’t fall victim to malicious characters.
- Small business
- Medium business
The following Uphold integrations are currently offered by the vendor:
- Open API
Uphold pricing is available in the following plans: