Product FAQs

Know the products of Scallop better

How quick are international money transfer services?
Our supported Swift payments may take up to a few days. We also provide an instant remittance service, which will allow users to instantly remit funds out o...
Fri, 3 Dec, 2021 at 1:04 AM
Is Money transfer across the borders cheaper at Scallop compared to the traditional system?
Money transfers across borders will cost far less than traditional banking systems, this is thanks to our partnerships with some of the world's best re...
Fri, 3 Dec, 2021 at 1:06 AM
How do we know if Scallop rates are lesser compared to the traditional finance world?
Scallop’s rates are easily comparable to our competitors Transferwise, Remitly, Xe , Ria etc. Our great partnerships and innovative neo-banking structure, a...
Fri, 3 Dec, 2021 at 1:07 AM
How can I use the remittance service?
Scallop users don't have to use outside remittance apps anymore. They will be facilitated in Scallop accounts to enjoy the best rates in the market.
Thu, 18 Nov, 2021 at 3:45 PM
What is the fee structure for using Scallop products and services?
There will be a fixed fee structure which will be announced in the official channel soon. SCLP holders will enjoy a discount on their fee’s through the memb...
Fri, 3 Dec, 2021 at 1:08 AM
How is Scallop different from other projects like Crypto.com?
What sets us apart from the likes of Crypto.com is that we offer a range of additional banking services. These include: UK Bank Account with sort code...
Fri, 3 Dec, 2021 at 1:11 AM
Will Scallop offer traditional buying/selling/leveraging?
Yes, our marketplace will allow for traditional buying, selling and leveraging capabilities. We will also be offering an NFT marketplace.
Fri, 3 Dec, 2021 at 1:12 AM
What are Membership Types in Scallop?
Scallop will initially offer two types of memberships for its users — a Basic Account and an Elite Account. Both accounts will provide users with a free ban...
Fri, 3 Dec, 2021 at 1:27 AM
How to get elite membership?
We offer access to a premium account that offers an enhanced user experience and more discerning service. To be eligible for an Elite Account users will nee...
Thu, 18 Nov, 2021 at 3:55 PM
What benefits will a user get using a Scallop card?
The Scallop card's main advantage is its capacity to conduct secure and anonymous transaction thus providing a reliable framework. This will enable use...
Thu, 16 Jun, 2022 at 12:49 PM