Sending funds
Sending funds on Sovra works just like adding them, in reverse, and you have the same range of choices. Whichever way you send, you start by tapping Send on your home screen.
Wallet Transfer
Send to another crypto wallet. You can send digital dollars to any valid wallet address outside Sovra. Paste in the address or scan its QR code, and once it checks out you choose the amount and confirm. It arrives in seconds and is free of charge, with Sovra covering the network fee.
What to do: 1. Tap Send, then choose Wallet Transfer. 2. Select the correct network and token, then paste the wallet address or scan the QR code. 3. Enter the amount and confirm payment.
Always double-check the address before confirming. Transfers on the network cannot be reversed once confirmed.
Cash Transfer
Cash out via trusted local partners. In selected markets you can turn your digital dollars back into cash through a trusted local partner. The first time you use this, you complete the cash transfer check covered in section 3. You choose how much to cash out, enter the phone number the cash should go to, and once you confirm, the partner pays it out for collection.
What to do: 1. Verify your identity if you have not already. 2. Tap Send, then choose Cash Transfer. 3. Enter the amount of digital dollars you want to cash out. You will see how much will be received after fees. 4. Enter the phone number the cash should be credited to, and double-check it, since funds sent to the wrong number cannot be recovered. 5. Review the payment details, including the merchant fee and the estimated arrival time, then slide to confirm. 6. You will get a payment confirmation, and we will notify you when the cash is ready to collect.
Sovra Transfer
Send to another Sovra user. The easiest way to pay someone on Sovra is by their Sovra username. Search for them, choose the amount, and it is done in seconds and for free, with the payment showing up in your recent activity.
What to do: 1. Tap Send, choose Sovra Transfer, then search for the person's Sovra username. 2. Enter the amount and confirm.
Bank Transfer
Send to a bank account. You can send money to someone's bank account almost anywhere, once you have completed the bank transfer check. Enter their bank details, and your digital dollars are converted into their local currency and sent on to them by SEPA, Wire or ACH depending on where they are. Bank transfers usually settle within a couple of days. The fee follows our partners' pricing, normally one percent or less, and Sovra adds nothing on top, with the exact amount shown before you confirm.
What to do: 1. Complete the bank transfer check if you have not already. 2. Tap Send, then choose Bank Transfer. 3. Enter the recipient's bank details. 4. Enter the amount and confirm, and we handle the conversion.