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How to Exchange Riffs for Fiat Currency?

  • Exchanging Riffs for fiat currency on Finay is simple and secure, thanks to our partnership with Tipalti for handling withdrawals. Follow these steps to convert your Riffs into cash:

    Step 1: Go to Your Wallet Page

    • Navigate to Wallet: Click on the dropdown menu in the top right corner and select Wallet. This is where you’ll see your current Riffs balance.

    Step 2: Start the Withdrawal Process

    • Click on Withdraw: In your Wallet, locate the Withdraw button to begin the process of exchanging Riffs for fiat currency.

    Step 3: Complete Tipalti’s Mandatory Information

    • Provide Required Details: Tipalti requires specific information for secure processing. You’ll be guided through four steps to input the necessary details. This may include:

      • Personal and payment details (bank account, PayPal, or other payment method)

      • Verification information to comply with financial regulations

      • Any additional identification Tipalti may need for your region or method of payment

    Once you’ve filled out and verified this information, you’ll be ready to proceed with your withdrawal.

    Step 4: Return to Your Wallet Page

    • After completing Tipalti’s information requirements, return to the Wallet page by selecting it from the dropdown menu again.

    Step 5: Withdraw Riffs

    • Click the Withdraw Dropdown: In your Wallet, open the Withdraw dropdown menu.

    • Select Withdraw: Click Withdraw again to proceed with entering your desired withdrawal amount.

    Step 6: Enter the Amount to Withdraw

    • Specify Your Amount: Input the amount of Riffs you wish to convert to fiat currency. Please note that a minimal 5% conversion fee applies, which helps cover platform maintenance and operational costs.

    Tipalti Processing and Fees

    • Processing Fees: Depending on your selected withdrawal method, Tipalti may charge additional processing fees, such as:

      • $1.00 for ACH (Bank Transfer)

      • $15.00 for domestic wire transfer or $20.00 for international wire transfer

      • PayPal fees based on location and currency, including potential fees for credit card transactions

    Once your withdrawal request is submitted, Tipalti processes it securely, and funds will be deposited into your chosen account as specified.

    By following these steps, you can easily exchange your Riffs for fiat currency and access your earnings directly from your Finay wallet.

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